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Anti Capitalism Research Paper

2091 Words9 Pages

Argument Statement “Capitalism isn’t working, another world is possible “This report will focus on Anti-capitalism as a whole Introduction According to a poll by the BBC World Service, only 11% of people from 27 countries thought free market capitalism is working well. (Top 100 Arena, 2012) Life could be better if we could all agree on one thing. There is a very small percentage of population that can control money and resources. This percentage moves around in order to get high profits and low wages. We can all benefit from resources in our community. If we were to live in a society where there is no privately owned properties the crime in communities would disappear as the communities will stick together. In today’s time there is no free …show more content…

Individuals within the society invest their funds in the economy in order to generate money. The main objective of capitalism is to make a profit for the owners, which are private individuals. This economic system differs from others with regard to the fact that there is no government intervention, the term used is Laissez-faire, meaning individuals are free to determine what products to produce, to whom these products will be sold to as well as the pricing of these products. (Scott, 2009). The types of capitalism are as follows: 1. Turbo Capitalism, which refers to a free form of capitalism with no regulation for banking and financial systems, privatisation and lower taxes on individuals that earn a higher income. this led to a rising gap of income inequality and also played a key role in the unsustainable credit bubble of 2001-2007 thus it is referred to as unrestrained capitalism or free market capitalism 2. Responsible Capitalism is, broadly speaking a free market economy, however a level of government regulation …show more content…

The relationship between ‘self’ (you as a person) and ‘the other’ (society or the community at large), and whether or not it is ‘good’ depends on the manner and intention of the actions performed by all parties. It is therefore used to test whether or not certain practices of capitalism are ethical or not. In capitalism, the ethicality test can be performed on various factors of capitalism. I will touch on a few factors namely: Labour exploitation, Discrimination, pollution, and thereby apply the ethicality test to them. 1. Labour Exploitation Effect on the self: the effect is predominantly negative because people were pushed to work extremely long shifts and do hard, manual labour for minimum wage. People were forced to work, or they would be denied of certain basic needs such as food and idle time. Effect on the other: Capitalist governments benefitted from exploiting workers as they could maximize their profit due to low wage costs. 2.

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