ipl-logo

Henry Ford And Bill Gates Who Exemplify Capitalism

939 Words4 Pages

Some of your statements need clarification. You write, “It would be difficult to form an argument against someone like Henry Ford or Bill Gates being deserving of more for the improvement they made for mankind, but as exemplified in the Wall St. crash of 2008, not all high earners can be placed in the same category.” High income earners do not equate with inventors. This statement is my personal opinion on two examples of who exemplify Capitalism. Bill Gates has accumulated the most wealth in America through the creation of a company that can be credited with major technical advancements in society. I feel that it’s easy to accept and admire those who have revolutionized the quality of life for so many accumulate so much wealth. I contrast …show more content…

Messmore may agree with your statement that we care less about our neighbors, but it is not because of capitalism but because people expect government to take care of their neighbors. According to Gregg (one of the required readings) states that it is not true that capitalism creates more greed. Greed is a part of human nature, but if a businessman wants successful business, he must treat his customers with consideration, fair, and empathetically. If he operates his business driven by greed, it will eventually fail Therefore, capitalism civilizes …show more content…

I read the piece by Gregg, but do not share the same viewpoint. In The Paradox of Supercapitalism by Robert Reich (which was referenced by Clif Mason and Rick Galusha in the videos, but oddly was removed from the required readings), he discussed how some of the structure of capitalism lead to a system that directly or indirectly supports greed in society. I would consider the company Wal-Mart to be successful, yet I would also use them as evidence that they are born from the system, Reich writes, “The executives of Wal-Mart or any other large company are not brutally insensitive or ruthlessly greedy. They are doing what they’re supposed to do, according to the current rules of the game – giving their customers good deals and thereby maximizing the returns to their investors. Just like players in any game, they are doing whatever is necessary to win. But just as all games require rules to define fair play, the economy relies on government to set the economic ground rules. If the American government wanted to do something about the means Wal-Mart employs, it could change the current

Show More
Related
1762 Words | 8 Pages

Capitalism: Pro and Con by Phil Washburn is a philosophical debate seeking for reading to determine whether capitalism is a respectable way of society that provides the most sensible format of government for justice to thrive. The author first seeks to analyze the good of capitalism mentioning that it is the most practical answer for the issues that arrive from the idea of Justice. The key factors for the pro-capitalist society is people can succeed and or fail, government allows the economy to proliferate on its own, and most importantly what a person gives to society (making a living for themselves) is what they are able to take from it (profit and consumerism) (Washburn, pg.155). Afterwards, Washburn seeks to counter the argument and writes

Read More
580 Words | 3 Pages

This essay will attempt to analyze and discuss the ways tycoons and corporations could be exploitative without government intervention. One of the main ways capitalism could be seen as exploitative

Read More
1402 Words | 6 Pages

In fact, the rich individuals prefer capitalism because they use their power to ensure that the poor remain oppressed, at their expense. Moreover, the book profoundly illustrates how work could lead to the dehumanization of people. I highly recommend this book to everybody who wants to understand the plight of workers in a capitalist nation. Notably, this book is relevant today, given that oppression in the workplace is yet to be eliminated. When people read this book, they get a picture of the mess created by the capitalist

Read More
968 Words | 4 Pages

Four hundred American billionaires own two trillion dollars, as much as the one hundred and fifty million Americans on the very bottom. The top one percent of the richest American own one fifth of the nation’s total income. Similar to the Gilded Age, people who do business and live in urban centers earn much more money than who do not. The unprecedented technological innovation cause the production easier and faster, which renders the employers benefits. Also, the economy gives huge advantage to those who control lots of money, causing the economic disparity even deeper and promoting the appearance of the “Robber Barons,” unscrupulous businessmen who achieve monopolies in their

Read More
191 Words | 1 Pages

Rockefeller and Carnegie used hard labor and ran into many complications to get their wealth. But, in the end, their wealth was used for the greater good. Their businesses created more jobs and increased the wealth of the community. Without these people, the community wouldn’t have gotten this far (The Gospel of Wealth). “Had it not been for these captains of industry, the free

Read More
869 Words | 4 Pages

Since, as I mentioned in the last essay, I agree with Schumpeter I think capitalism has its own institutions that maintain it through force that may seem justified to many but not

Read More
1769 Words | 8 Pages

John Isbister’s article, “Imperialism,” he explains how the past contributes to the realities of poor and rich countries today. The first wave of imperialism started with voyages to the in the “new world” where Western powers created and maintained colonies through military might. Colonizers not only dominated the people in their colonies, but they dominated their colony’s environment, stripping the places of their natural resources. These colonies were used for economic gains. The West’s demand for raw materials also began the trend of disregard for the environment.

Read More
618 Words | 3 Pages

After reading Wheelan’s argument, do you agree that Bill Gates should be so much richer than you? Explain why or why not. Wheelan argues that Bill Gates is rich because of his human capital, the sum of the total skills that an individual possess. Similar to the market for goods, some talents are in greater demand in the labor market.

Read More
5518 Words | 23 Pages

Quoting an unknown source, Fredric Jameson once exclaimed that “it has become easier to imagine the end of the world than the end of capitalism” (“Future City” n.pag). Mark Fischer in his book titled Capitalist Realism: Is There No Alternative builds on this notion and says that there is a “widespread sense that not only is capitalism the only viable and political economic system, but also that it is impossible to even imagine a coherent alternative to it” (8). What makes capitalism such an overwhelming, undefeatable force? How can one explain the pervasive presence of capitalism in each and every sphere of our lives? And finally, how does capitalism pre-empt any act of resistance or critique thereby reproducing itself endlessly?

Read More
650 Words | 3 Pages

Capitalism is a highly flawed system. The gap between the rich and poor widens increasingly over time (Ikred). The rich become richer as the poor struggle to obtain even the most basic of necessities. The richest 20 percent of the global population owns 77 percent of all global income and 94.5 percent of all global wealth,

Read More
749 Words | 3 Pages

capitalism cannot contradict its casualties. His theory is that capitalism is a historical system and is a consequence of historical events and struggles. (3/17) Capital is utilized to invest in commodities. The price of labor-power is determined by a commodity, labor-time is necessary for the production and the reproduction of profit (pg. 1). An example of this is the simplest form of commodity circulation C-M-C, which is Commodities, then to Money, and changing Money back into Commodities.

Read More
464 Words | 2 Pages

Until we are able to quench our thirst for money and luxury,we are good. We always seek more. This insatiability is actually the main driver of environmental problems that exist. Capitalism brings with it a capital gain and it is a measure of success of a company. If the profit is higher - the company is better.

Read More
1215 Words | 5 Pages

‘Is Wal-Mart Good for America?’ On PBS Frontline, May 11, 2015 ‘Is Wal-Mart Good for America?’ is a documentary that examines the relationship between Wal-Mart’s rapid growth and its impact on the US economy ever since it blossomed in trade productivity in the mid 20th century. The documentary, published on February 2014 by PBS Frontline, conveys a deep understanding of how Wal-Mart changed the living standards of many Americans and took consumerism and retail logistics in the U.S. to another level; by cutting costs through offshore outsourcing to China and employing cheap Chinese labor. The documentary focuses on the changing relationship between big retailers and manufacturers and the transition in pricing and decision-making.

Read More
964 Words | 4 Pages

Over the years, many economic systems have become prevalent and been subsequently debunked due to man’s quest for progress, yet none of them has lasted as long as capitalism. This economic system, as defined by Scott (2006), is “…a system of indirect governance for economic relationships, where all markets exist within institutional frameworks that are provided by political authorities, i.e. governments” (p. 2). Because of its unique characteristics, capitalism has frequently faced countless criticisms and many of its detractors have tried to discredit it and its efficiency. Nevertheless, the fact remains that none of them has yet to succeed and capitalism continues to be the prevalent economic system in the world today.

Read More
1779 Words | 8 Pages

Introduction The Nature of Capitalism The Capitalist system has been interpreted throughout the years as either, “moral, immoral or amoral”, depending on the various thinkers whom had associated themselves to a particular understanding of capitalism (Bassiry & Jones, 1993).Capitalism in its most basic sense, allows for, “commodity production, in which there is private ownership and/or control of the means of production”, in accordance with the Politics Oxford dictionary (McLean & McMillan, 2009). Throughout history, Capitalism had undergone several phases before reaching the concept of what the notion is understood at present, or otherwise recognised as the “Stages of Capitalist Development”, and how the concept has shifted over time (Albritton,

Read More

More about Henry Ford And Bill Gates Who Exemplify Capitalism

Related Topics

Open Document