Property Rights and Position Statement Scarcity Paper 400 words position statement. Just be very direct and straighforward please. guidelines are bellow

Property Rights and Position Statement Scarcity Paper 400 words position statement. Just be very direct and straighforward please. guidelines are bellow

Guidelines for Position Statement – Scarcity and Property Rights

Please analyze and answer the question/prompt below, taking a clear position and supporting your position. Include your consideration of the trade-offs or drawbacks to your position. You do not need to do any additional research to develop your response. However, your analysis should consider not only the reading specifically assigned for Day #4 of the module, but the entire content of the module including all readings, class discussions and class activities.

Prompt:

Assume you are the Chief of an island country that has enjoyed prosperity because of its citizens’ expertise as master weavers, a skill handed down from generation to generation. A breakthrough in digital innovation on the mainland has suddenly taken away the livelihood of most of your citizens, replaced by robots. The citizens are obviously distressed about unemployment, potential homelessness as people can no longer afford rent or mortgage, and scarcity of resources in general. Assume that that moving off the island is not an option and re-training for other well-paying jobs will take years.

As Chief, how do you plan to address basic economic issues such as income (UBI or some other system), allocation of resources, and property rights? What parts of the economy should be centrally controlled by the government, and what social goal are you aiming for as you make your choices?