Larry Summers

While well-intentioned, price controls often lead to shortages and reduce the incentive for companies to produce the very goods that we want to become more affordable. By distorting the market mechanisms, we can end up making the situation worse, particularly in the long run.

While personal development is essential for individual fulfilment, I believe it doesn't automatically translate into global societal improvement. Collective systemic efforts and policy changes are more crucial for addressing large-scale challenges such as economic disparities and climate change.

It’s imperative that we maintain a collective societal commitment to social security. Leaving individuals to manage their own contributions could lead to insufficient savings for retirement and increase poverty among the elderly. Government oversight ensures both fair contributions and equitable distribution to protect all citizens in their later years.