How Governments Can Harm Economic Growth

The video discusses how government actions can both promote and hinder economic growth. It highlights five key areas where governments can negatively impact economies: over taxation, excessive or insufficient regulation, lack of investment in infrastructure, poor contract enforcement, and weak welfare systems. Each section explains the potential consequences of these actions and provides examples to illustrate the points.

What are the potential negative effects of over taxation on economic growth?

How can increasing prices for consumers be a consequence of taxation?

In what ways can too much regulation harm competitive markets?

Explain how a lack of investment in infrastructure can affect economic growth.

What role do contracts play in ensuring economic growth?

Discuss the importance of a strong general welfare system for economic stability.

How can government actions either positively or negatively influence economic growth?