This article tells us about the riot that took place in Singapore and now the government of Singapore plans to restrict public consumption of alcohol and also reduce hours for its retail sales from next year. Alcohol is a demerit good; a demerit good is a good or service whose consumption is considered unhealthy, it has negative effects on the consumers themselves. Restricting the retail hours would help decrease the consumption to a very small extent because the people who want to drink alcohol would go and bulk buy at the time when shops are open. Bulk buying is when people buy large quantities of goods and often negotiate for discounts. High consumption of alcohol shows that there is an existence of market failure. Market failure occurs when social costs and benefits are not reflected in the market price, and the market mechanism does not cover these cost and benefits. There are four types of market failure; lack of public goods (street lights), under- supply of merit goods (education), over supply of demerit goods (cigarettes and alcohol) and existence of externalities. Merit good is a commodity such as education and healthcare provided free for the benefit of the entire society by the government because they would be under-provided if left to the …show more content…
Ban is making the consumption and selling of alcohol illegal. But banning alcohol would have a large effect on the alcohol industry in terms of shareholders and employment. If alcohol is banned the company would start taking out people as they will not make enough revenue (price times quantity) to pay the workers and this would create high levels of unemployment and also the tax revenue for the government would decrease and the alcohol industry is one of the most profitable industry and pays the most tax. Banning a product needs votes and as most of the population of Singapore drinks they are unlikely to vote against the consumption of
“Three-fourths of all the crime... existing in our land are traceable to the use of intoxication liquors (Kadish, 1983).” It is proven alcohol wreaks havoc on society. Then why isn’t it banned? If people say the government is stepping into their personal life, oh well, the government has a right to, for the sake of the public as a
I believe that this investigation will find that the ratification of the 18th Amendment, banning the sale, transportation, and public consumption of alcohol, had a significant impact on the American economy of the 1920’s. This is because of the economic changes that occurred in different industries in the years following the ratification of Prohibition. The ratification of Prohibition was significant to the industrial aspect of the American Economy in the 1920’s as indicated by increased factory productivity and higher wages. Prior to the passing of Prohibition, as many as five hundred men would be absent at the Cadillac production plant on Mondays, usually due to the effects of drinking from the night before.
The lockout Laws in Sydney are greatly effective in the way that they do exactly what they were put in place to do in that they help lessen the amount of drunk people are on the streets and in bars at later times of the day, greatly reducing fatalities and injuries caused by drunk citizens. These laws were first put in place March 2014 and entail the prohibition of the purchase of takeaway drinks after 10:00 PM, that there is no entering a bar or establishment in the central CBD area for alcohol after 1:30 AM and no purchasing of any alcohol after 3:00 AM. These laws also allow the banning of troublemakers for 48 hours and fines or cell time if these laws are ignored. These new laws are productive in many ways including they help lessen the danger of casualties and fatalities in bar and establishments like, they greatly discourage potential violent acts and spread people out, allowing less police officers are needed to deal with problems, all of which will be explored further in this essay.
Congress and Presidents’ tried to prevent the abuse of alcoholism by passing a law (National Minimum Age Drinking Act) to lower the possibilities of having more accidents, but with the law being created more than a million teens around the world haven’t abided by this law. Imagine that you had a bottle of whiskey that contained seventy-five percent of alcohol and later on you were wasted trying to get to your vehicle so you can drive home, but you got caught driving drunk by a police officer. What could you have done to prevent that from happening? 1) Being responsible and 2) Have a designated driver that would drive you home and 3) Don’t drink at all! Overwhelming the results of seventy-seventy percent of the American public had disagreed with lowering the drinking age from twenty-one years old to a younger age.
“ Though the per capita consumption of alcohol in France, Spain and Portugal is higher than in the United States, the rate of alcoholism and alcohol abuse is lower. A glass of wine at dinner is normal practice,” she says. “Banning drinking by young people marks it a badge of adulthood--a tantalizing forbidden fruit” (Whalen). She stresses the fact that if teenagers are taught early on, they will be well educated in knowing the dangers of violently drinking.
The consumption of drugs have always been a part of society, from tobacco used by the native Americans to the coco leaf used by mayans, people exhibit a tendency to use narcotics. While drugs were used for medicinal purposes risks were still associated with them as they are today. As with most things, narcotics can be harmful, and even dangerous, while drugs do not usually cause a society to collapse, it does have a profound effect on how societies function as in the case of the 1900s. While there were positives to the initial inaction of prohibition it was more detrimental than beneficial.
“A European Union study shows that the countries where moderate daily drinking is the norm like, Spain, Italy, and France, have the fewest binge drinkers at 2 percent, 2 percent and 8 percent, compared to 34 percent in Ireland and 27 percent in Finland, who were not exposed to moderate use” (“Lowering”.). Those who have grown up with alcohol and structure know the responsibility and do not abuse it or depend on it. Using alcohol is a right that one should have the right to choose whether to use it or
Most people probably think that allowing eighteen year olds to drink legally would create more car crashes and increase their medical bills, but 18 year olds are becoming more responsible. In 2010, the alcohol industries contributed over $400 billion towards the U.S. economy (“Economic Contributions of the Distilled Spirits Industry.”) This is due to the fact that the alcohol industry provided nearly 3.9 million people with jobs throughout the U.S. What this shows is that the alcohol industry produces an extreme amount of money for the economy. The obvious part of allowing eighteen year olds to drink is that it would create a new range of customers for bars, restaurants, and clubs. With eighteen year olds now allowed to consume alcohol, bars, restaurants, and clubs would see their profits increase tremendously with all of these new adults eager to get out and have a good time with their friends.
Dang uses oversimplification logic by suggesting solution to help students all while keeping the pub open. The solutions proposed include; stricter punishments for underage drinkers, a week of alcohol abusive education, and providing shuttle services so students can return home safely. Ad bominem argument is used when Dang implies that colleges only ban alcohol because they don’t trust their student and by banning alcohol they are taking the easy way out by saying the students were not on campus. Therefore, the college is not responsible for that student. In the concluding paragraph of this essay, it states that even medical practitioners dink from time to time.
How important is Prohibition to “The Great Gatsby”? F. Scott Fitzgerald’s masterpiece “The Great Gatsby” is a famous novel read by almost every American. The book’s setting is in the 1920’s and during that time period, prohibition played a major part in the society. In fact, prohibition caused the richness and greatness of Jay Gatsby, the novel’s main character. A lot of money is made by producing and selling illegal liquor and Jay Gatsby was one of those so called bootleggers.
In many parts of the story alcohol and its ban are the main driving force that continues to push the plot forward and mold the characters into who we see them as in the
“ [The drinking age] is unfavorable because it forces youth to consume alcohol in unsupervised places that are risky and consumption may be abused.” The idea is, if the drinking age is lowered, youth will be able to drink in open, public places that can be supervised by others. By being public, it would decrease the risky behavior seen with alcohol in private, unsupervised settings. Pomata also asserts, “The age restriction inspires undesirable activities just as the National Prohibition Act did.” Some undesirable activities that are associated with underage drinking include the making and distributing of fake ID’s.
A poll taken on July 2014 asked the public opinion of US adults for lowering the US legal drinking age from 21 to 18. Approximately 74% of the people opposed the idea, whereas roughly 25% of the people supported the idea ("Public Opinion" 1). The statistics indicate satisfaction among the majority of the people; however, with the current laws many issues arise that must be addressed concerning alcohol use. For starters, studies show an increase of dangerous drinking habits among young adults (Hall 2). In addition, the enforcement of the drinking laws and education on alcohol is insubstantial (Moyse, Fonder 3).
Macy’s The department store that had been around America’s business since 1858. The founder was Rowland Hussey Macy, he started with only 4 retail stores for dry goods in the state of Massachusetts in 1843 – 1855. The stores had failed, thus he decided to move to the new location in New York on Sixth Avenue in 1858. Later, the store moved to Herald Square in 34th Street in 1902 from a small store and now they are building the largest department store in the U.S.
Hence, the resulting market failure encourages the government intervention through the price control mechanism although seemingly lead to welfare