James K. Glassman

Technological advances have been privately funded by investors, which some argue favor the wealthy by creating unnecessarily high costs. Others contend that private enterprise and individual initiative have been the cornerstones of America’s socioeconomic system, and that government regulation of technology would subvert capitalism and democracy in the United States. In the following viewpoint, James K. Glass- man makes this argument and claims that government interference in technology and private business would be detrimental to the American economy. James K. Glassman is a fellow at the American Enterprise Institute and a writer and speaker on financial, economic, and political topics.

As you read, consider the following questions:

1. For what two reasons does Glassman advocate free market policies"

2. As paraphrased by the author, how does Alan Greenspan claim that wealth causes inflation"

3. What benefits does...