... the first is the rationalist approach and the second is planning associated with equity and empowerment. The main argument for abandoning planning is to reduce regulation and government intervention and increase private sector input and the forces of a competitive market. This is apparent in recent years where the increase in house prices has also reacted in a boom in the construction industry driving planning further and a further increase in house prices. This is down to the private sector investment to developing towns and cities. State intervention was often unnecessary and an unneeded expense to the government; 'government regulation and planning are necessary and often harmful because they stifle entrepreneurial initiative, impede innovation, and impose unnecessary financial and administrative burdens on the economy.' Adam Smith and John Stuart Mill developed a similar attitude whereby they believed in individual freedom of choice and action and minimal state intervention. Based on a ...

See this essay or coursework document in full right now