Leslie is upset after a recent speech she gave in London, but Ron is there to help. Ron invites Leslie outside for a pep talk so she can get some fresh air. As a staunch libertarian, Ron isn’t too fond of the foul stench of European Socialism. Ron is not a big fan of his trip to London and has trouble adjusting to the differences between the two countries.
See more: comparative systems, Europe, libertarianism, market based economies, socialism
The Parks Department of Pawnee invites delegates from their sister city in Baraguá, Venezuela to attend a local townhall meeting. This particular townhall meeting includes complaints about various externalities associated with parks including frisbees and dog feces. The Baraguá delegate describes the command and control approach used by his country when citizens impose externalities on others.
See more: command and control, common resources, comparative systems, externalities, negative externalities, private benefits, public costs
Pawnee is hosting Baraguá, Venezuela as their sister city and Leslie warns the group to make sure they understand how poor Venezuela is. The Parks Department quickly finds out that the group is much more affluent than they previous considered.
See more: comparative systems, globalization, inequality, quality of life
Ron teaches his young basketball players that capitalism is God’s way of determining who is smart and who is poor. In the long run of a perfectly competitive market, the worst performers should be pushed out of the market.
See more: capitalism, comparative systems, globalization, government programs, government spending, inequality, normative statements, taxes
Economics of Parks & Recreation 