The economic activities of the government in Britain and the Adam smith's roles.

(Introduction.)

Anyone who looks at the economic activities of governments today sees a very fast changing scene of which a precise description is very very difficult. It is very possible hpwever to group the Departments concerned into two classes namely: The post office, the Ministry of Fuel and Power and the Ministry of Transport administering services and Industries which either have been or are being brought under the full Government control and ownership.

The Ministry of Agriculture, Fisheries and Food, the Board of Trade, the Ministry of Works and the Ministry of supply exercise control over other branches of production still, in the main, privately owned and controlled as well.

The performances and the ideas, duties too require different degrees of expense in the different periods of society which Adam Smith had become a vastly known champion of the private enterprise at that time but then, he ended realizing that his concepts of privately owned investment which he had become a father in cannot work unless the government or the State provides It with a framework of a public institutions of which a system of roads and lighthouses were obvious examples. It was also clear that Adam Smith saw that the goverment activities of this kind would grow given his thought of making it a reality when he first opted out in order to seek the permission of the State so as to have his economic idea of a private enterprise to be duly established.

Since his day, there has been an increase of services such as railways and electricity, for which a complete competition was never an efficient form of an organisation at a time when the State through the advice and ideas of Adam Smith, has moved into action in order to protect the State owned enterprise from the private owned ones in order to avoid all neccessary forms of Monoploy and the inherent Monopolistic tendencies that simply implies a total control by just a single person or firm without any form of competition.

Moreover, as was noticed in the Treasury case although was not discussed here, the growth of the large-scale buisinesses draws the State more and more into the aspects and activities of the individually owned enterprise and those of the economic field in general.

Meanwhile, "The third and last duty of the sovereign State or Commonwealth", wrote Adam Smith after he had successfully dealt with the issues arising from Defence and Justice, "is that of erecting and maintaining those public institutions and those public works which, though they may be in the highest degree advantageous to a great Society are however, of such a nature that the profit cannever repay the espense to any individual or small number of individuals and which it cannot therefore be expected that any individual or small group of individuals should erect or maintain.

The performances of this duty, too, requires very different stages of expense in the different periods of society".

These and many more policies he (Adam Smith) amde and convinced the State with, all gave so much impetus and the right to the formation and protection of the State owned enterprises by the State against the private owned enterprises, while wielding their powers of authority in order to avoid all manners of controls from the private owned enterprises and to remove exploitation of the masses in general through monopoly which has become a key economic factor and policy adopted by many industralists or capitalists at that time without any form of competition whatsoever within the economic activities and framework of which the State was strongly built upon.

This will go agead to become a world established way of political and economic genrally accepted ways of running an affair which is largely due to mankind's continued quest for Political, Social and Economic power and domination of their fellow man in what was seen as a loopsidedness and a solid bedrock in the great polity of most nations of the world alike even the advanced ones.

Situations at that time could be said to be better in terms of services but very worse off in terms of man's domination of fellow man and the general and undue exploitations of the less privileged in the great Societies at large.

Just stay tuned as we shall be starting with the next one 👉👉 - The Post Office in my our next article.

Thanks for reading and do make the most of your lovely day today.

Merry xmas and a happy new year in advance.

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