Economic interventionism

Economic interventionism is when a government actively influences or manages a country's economy rather than leaving it solely to market forces. This can involve measures like imposing taxes, setting regulations, providing subsidies, or controlling interest rates to stabilize the economy, promote growth, or protect workers and consumers. The aim is to correct market failures, reduce economic inequality, or address issues that private markets might not handle effectively. While proponents believe intervention can foster stability and fairness, critics argue it can lead to inefficiencies or reduce individual incentives. It’s a balancing act between free markets and government action.