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dc.contributor.advisorGreenberg, Sanford N., 1952-
dc.contributor.authorRosener, Mark W.
dc.descriptioniii, 51 p.en_US
dc.description.abstractAs a nation, we are faced with a crisis of faith which represents a crossroad in our history. We have for the most part, lost faith in our economic system - i.e. Capitalism - as well as our political system - i.e. Democracy. Some predict the demise of both, one system's failure bringing about the other's demise as well. Most have become apathetic to the point that they believe we must forever endure the chaotic floundering of both systems. Both capitalism and democracy in the United States seem close to the brink of destroying our nation as we know it, or perhaps more accurately, knew it. The United States has had to endure international embarrassment and ridicule through such events as the Vietnam War, the Watergate scandal, the hostage crisis, and the attempt to stop Soviet intervention in Afghanistan. Our international reputation as a super power, as a world leader, has begun to crack and perhaps even crumble. Faith in our governmental and economic processes' ability to resolve the tremendously trying issues with which they are confronted has begun to fade into history. Such is the crisis of faith. The examination that follows is an attempt to identify the issues which must be confronted to resolve this crisis. The conclusion that is reached is that economic regulation has contributed to this crisis of faith. Government attempts to make capitalism function more effectively are inevitably met with failure. Capitalism can only succeed if allowed to function free from government interference and regulation. Faith in the creative, innovative spirit of entrepreneurs risking their wealth in hopes of profit is necessary to the success of capitalism. This process based upon faith and unaffected by government can provide for the accumulation of wealth for this nation as a whole. Economic regulation by government is in itself evidence of the lack of faith in our capitalist system. If we deem the economic system in need of government aid in the form of regulation, we necessarily admit to the system's inability to resolve the issues at hand. Such is the economic crisis of faith. Democracy is based upon the concept of faith as well. The ability of our governmental process depends upon faith which we as political scientists term consensus. As our political system continues to be frustrated by failure in its attempt to regulate the economy, consensus begins to falter. Government regulation of our economy tends to hinder the proper functioning of our capitalist system. In short, economic regulation is ultimately destined to failure in that capitalism can only survive in the absence of regulation. This being the case, political consensus continues to dissipate as our nation attempts to rectify the perceived deficiencies of capitalism. Such is the political crisis of faith.en_US
dc.description.abstractIf you are not a current K College student, faculty, or staff member, email to request access to this SIP.
dc.description.tableofcontentsIntroduction -- The Economic Crisis of Faith -- The Political Crisis of Faith -- A History of Economic Regulation: The Supreme Court -- The Issue of Competition -- The Issue of Independence -- The Crisis of Faith -- Footnotes -- Bibliography
dc.relation.ispartofKalamazoo College Political Science Senior Individualized Projects Collection
dc.relation.ispartofseriesSenior Individualized Projects. Political Science.;
dc.rightsU.S. copyright laws protect this material. Commercial use or distribution of this material is not permitted without prior written permission of the copyright holder. All rights reserved.
dc.titleA Crisis of Faithen_US

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  • Kalamazoo College Guilds: Justice and Peace SIPs [733]
    This collection includes Senior Individualized Projects (SIP's) that deal with issues of justice and peace. Abstracts are generally available to the public, but PDF files are available only to current Kalamazoo College students, faculty, and staff.
  • Political Science Senior Individualized Projects [770]
    This collection includes Senior Individualized Projects (SIP's) completed in the Political Science Department. Abstracts are generally available to the public, but PDF files are available only to current Kalamazoo College students, faculty, and staff.

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