Should Governments Prioritise Social Welfare Above Overall Economic Growth
Should Governments Prioritise Social Welfare Above Overall Economic Growth
Should Governments Prioritise Social Welfare Above Overall Economic Growth
GP Essay
Should governments prioritise social welfare above overall economic growth?
Key terms:
social welfare Social welfare - organized public or private social services for the assistance of
above overall disadvantaged groups
economic growth Overall economic growth - overall increase in the amount of goods and services in
the population over a period of time
Thomas Jefferson mentioned in The Declaration of Independence that all Men are created equal, that
they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty,
and the Pursuit of Happiness -- That to secure these Rights, Governments are instituted among Men In
the consideration of the fundamental reasons for the existence of a government based on Thomas
Jeffersons words, i would argue that governments should not prioritise social welfare above overall
economic growth. That being said, it does not mean that a government should perform the opposite,
which is, to prioritize overall economic growth, though it may be reasonable since it would help improve
quality of life and hence, level of happiness. Rather, i would argue that a government should achieve a
fine balance between the two factors in order to serve their natural functions to the best.
Conclusion:
In prioritizing the social welfare of a nation, perhaps some of its people would be able to achieve some
form of happiness at the expense of overall economic growth and hence tangible gains. However, such
tangible compromises lead to materialistic constraints which inhibits the overall happiness level of a
nation. Hence, in order to bring out the best of both worlds, a government should perhaps achieve a fine
balance between the two so as to achieve its role best as a government.