Locke was all about normalrights, he felt the government must only have a very limited part in people’sbusiness, he felt that everybody has “normal rights”, so when the”old GM” came to government and requested for a bailout, Locke would maybehave felt that GM was giving up its normal rights? Also, they would no longerbe a free market since they were trade their souls to the government for abailout. Smith was a complete utilitarian viewer, he would have felt that if GMwould stay a free market and stay on its own, it would probably even prosper,more than if it were to ask for the government’s assistance. Marx would claimthat it was privatization and capitalism ideologies that took GM to its knees.2- The ideologies implied byall of the persons referred to in question two are free market, free trade, andcapitalism which are the ethics by which our country has been founded.
Theywere speaking out in contradiction of the bailouts of GM and Chrysler as wellas financial institutions because they felt that this crossed the line intosocialism which they were clearly against. They clearly held the belief thatthe government had no business in taking control of the financial destiny ofthese companies. They got themselves into the chaos and therefore they shouldget themselves out.3- Should the bailout havebeen done? I know that the bailout costa lot of money and in the end just extended the inevitable of GM goingbankrupt. I feel it did assist the utilitarian way of thinking.
All in all didit go along with rights and caring? To an extent sure, because GM didn’t wantto cut the peoples jobs, but did they don’t give to anybody a choice as towhether they as the public wanted to pay back their bailout? The answer is no! Iam not in favor of socialist ideologies. I have faith in in free trade and freeenterprise and privatization; However, I feel that some sort of mixedgovernment controls should be in place to hold private companies accountablethat get so giant that their lack of management and vision cannot affect oureconomy.4- The government has the right to take possession of 61%of GM. Besides, it’s good for them because the government is getting a privatesector and 61% of GM is more than owning a company. Locke would believe that GMhas the right to property, but the government has a priority by owning 61 % ofGM. Plus, the theory of Smith and Marx would be desirable if the governmenttake the control of the company because they could manage the new GM better.