Arguments for and against Government Regulation of the Economy

This is a critique essay to be followed with an opinion as to which side is correct. Title of Paper: Should the government intervene in capitalist economies? Must be written completely in APA 6 style. *NO ABSTRACT IS REQUIRED* Two conflicting viewpoints are within the PDFs I upload as part of this order must be examined and critiqued. 1. 1-2 paragraphs explaining viewpoint of each side. 2. 3+paragraphs explaining 2 weaknesses and 2 strengths of each argument. (critique each) 3. 1-2 paragraphs on whether capitalism is failing in the U.S. (i.e. income inequality, bank failures, government bailouts, etc). 4. 2+ paragraphs - Has capitalism failed in other countries? Name a couple and why it failed in those countries. 5. 2+ paragraphs : Relate to Occupy Wall Street movement in the U.S. <--- very important 6. Conclusion (2 short paragraphs) - Which side do you think is correct and why? ---I would prefer to take a LIBERAL approach rather than a conservative one. Personally, I think the PEOPLE of the U.S. should demand the economic reform, such as what is asked by the Occupy Wall Street Movement, but you may have a better idea--- ---. You can use the PDF files I uploaded as two of the references. ---. Three other references MUST be academic journal papers. ---. The remaining references can be news articles, documentary films, etc. but cannot be blog posts, etc. --- If possible, please provide me links to the articles you use as references so I can download or review them later (this paper is a foundation for another essay, which will be written in a couple of weeks. That will be 20 pages and if your service does a good job on this one, I will hire you to do the 20 page one next!!!!

Government Failure vs. Market Failure: Principles of Regulation
Joseph E. Stiglitz*
The subject of regulation has been one of the most contentious, with critics arguing that regulations interfere with the efficiency of the market, and advocates arguing that well designed regulations not only make markets more efficient but also help ensure that market outcomes are more equitable. Interestingly, as the economy plunges into a slowdown, if not a recession, with more than 2 million Americans expected to lose their homes (unless the government intervenes), there is a growing consensus: there was a need for more government regulation. Responding to these calls—as if to close the barn door after all the horses have gotten out—the Federal Reserve has tightened some regulations. If it is the case that better regulations could have prevented, or even mitigated, the downturn, the country, and the world, will be paying a heavy price for the failure to regulate adequately. And the social costs are no less grave—as hundreds of thousands of Americans will not only have lost their homes but their lifetime savings. Home ownership has long been thought of as contributing to the strength of communities; with the share of home ownership falling, communities too will be weaker. The foreclosures will exacerbate the decline in housing prices, and property tax bases will erode—a further knock on effect of inadequate regulation...