One reason the Peruvian Constitution is powerful is that it provides helpful principles. Articles 58 to 65 of the Peruvian constitution concern the Economic System. These principles would help any country economically – especially the USA.
Article 61
The government promotes and oversees free competition. It fights any practice that would limit it and the abuse of dominant or monopolistic positions. No law or arrangement may authorize or establish monopolies.
The press, radio, television, and other means of expression and social communication and, in general, enterprises, goods, and services relating to the freedom of expression and communication, cannot be the object of exclusivity, a monopoly, or hoarding, either directly or indirectly, by the government or private parties.
Article 61 logically states that monopolies are to be protected against whether of national or international origin.
The word ‘monopoly’ as defined by the ‘American Heritage Dictionary’:
1. Exclusive control by one group of the means of producing or selling a commodity or service: “Monopoly frequently … arises from government support or from collusive agreements among
individuals” (Milton Friedman).2.Law. A right granted by a government giving exclusive control over a specified commercial activity to a single party.
3. a. A company or group having exclusive control over a commercial activity.
b. A commodity or service so controlled.
4. a. Exclusive possession or control:
arrogantly claims to have a monopoly on the truth.b. Something that is exclusively possessed or
controlled: showed that scientific achievement is not a male monopoly.
All our trading partners should be investigated for monopolistic
activities that would hurt jobs in the USA. Without jobs a nation cannot exist.
It is of paramount importance that government not be so cavalier that it
believes that the people of the USA will out compete all other nations regardless
of the conditions. Hitler thought this and criticized his people for not
winning WWII in spite of his brilliant leadership. Let’s hope Washington stops
thinking as Narcissistically as Hitler; the USA needs government on it’s side
to flourish.
One country does not a monopoly make when we are free to buy our products from any country.
It doesn’t matter if all our manufacturing is done in Asia. They could design and manufacture our military equipment more cheaply too.
Manufacturing may be like printing money, but the USA is printing money! That’s why we’ll be the best forever!