Intro Question List three ways that government actions affect your economic freedoms. Are they positive or negative? Explain your answers. Ch. 3 section 1 Share your answers with a partner. Share their results with the class. Open Land. Lots of natural resources. Large and talented labor supply. BUT! There is one main reason.. Pair/Share What is the perfect level of government involvement? Public Disclosure Laws Companies have to give important information to consumers so that consumers can make the best well-informed decisions. Examples? Public Safety Gov’t regulations on health standards, labels, ingredients, etc. Examples? Food and Drug Administration Federal Reserve System Federal Trade Commission Federal Communications Commission National Labor Relations Board Environmental Protection Agency Nuclear Regulatory Commission Etc. Why does the government place some limits on the economic freedom of businesses? The government steps in in order to protect public safety, fair competition, and equality. Example - How does the FCC promote public interest? How might government regulation have some negative consequences? SOPA, PROTECT IP Act Cybersecurity Bill Meant to curb unauthorized sharing and streaming of copyrighted content. The DOJ argued that new legal powers were needed in order to combat the problem of foreign “rogue sites,” which profited from the facilitation of copyrighted material. What are some positive/negative aspects of these bills? What is the government trying to accomplish? Complaints against them – Civil Liberties It threatens free speech in America, because the law is broad enough to allow shutting down an entire site over one offending link, posted not by the site's operator but by a user. Damaging User-Generated Sites. Protests – January 18, 2012 Wikipedia Blackout Senator Reid postponed votes on this bill. Senators worry that without some type of regulation, overseas criminals will be able to freely steal American intellectual property. I will give you a poll question regarding the: Government’s censorship of “art” Please read it on your own and do not discuss it with anyone around you. I’d like to not have your opinion sway the responses of others. Once you’ve made a choice, please turn over your paper. Is government censorship of art something that is necessary? HW Read pp. 62-66 Chapter 3 Section 3