EconomicsToo

This report is contributed by Nathaniel Low, a Year 13 Economics student at Garden International School To what extent are gun regulations as a form of government intervention justified in the United States of America? By Nathaniel Low The Second Amendment of the United States Constitution declares that “ A well regulated Militia, being necessary to the security of a free State, the right of people to keep and bear arms, shall not be infringed. ” [1] This act, which granted every American citizen the right to possess firearms is still in existence today and has sparked many controversies in modern American society. Some of these will be explored in this report which explores if government intervention is justified in regulating guns in the USA. In an absolute free market, there are several market failures which can be corrected with some degree of government intervention, such as regulations. However, this intervention undermines the free market concept, according to ...