Identify Any Fallacies in the Following Passage Either by Naming

question 167

Short Answer

Identify any fallacies in the following passage either by naming them or, where they seem not to conform to any of the patterns described in the text, by giving a brief explanation of why the fallacious reasoning is irrelevant to the point at issue.
"I certainly don't think much of the totalitarian form of government. A so-called free election with only one candidate is not free at all."
"Oh, I don't know. I don't think it's all that bad."
"Why not?"
"Just look at our elections. Sure, we have more than one person running, but the candidates are all alike. They might just as well be one person, for all the difference there is among them."

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Definitions:

Exchange Rates

The rate at which one currency is exchanged for another, affecting international trade and investments by determining how much one currency is worth in terms of another.

Foreign Subsidiary

A company that is based in a different country from the parent company but is owned or controlled by the parent company.

Functional Currency

The main form of money used in the leading economic setting where a business functions.

Current Liabilities

Financial obligations or debts of a business that are due to be settled within one year from the balance sheet date.