ipl-logo

Is Capitalism Moral (Argument)?

1910 Words8 Pages

IS CAPITALISM MORAL(ARGUMENT)?
Many people believe that capitalism is selfish. They claim that it is a system that revolves around greed, and that it helps the rich get richer and the poor get poorer. However, many economists would argue that they are wrong. The free market is not only economically superior, it is morally superior to any other way of organizing economic behavior. The free market calls for voluntary actions between individuals. There is no coercion. In a free market, if I want something from you, I have to do something for you.
Let's say I mow your lawn and you pay me twenty dollars. What does that twenty dollars really mean? When I go to the grocer and say, "I would like to have four pounds of steak" He, in effect, says to me, "You want a lot of people to serve you -- ranchers, truckers, butchers, and packagers. All these people have …show more content…

Ok… let’s go there. This is a place where the middle class can’t even afford a car because of the 180% new-car tax. And the Prime Minister was so fed up with Americans pointing to it as a beacon for socialist success that he felt compelled to clarify, “I would like to make one thing clear: Denmark is far from a socialist planned economy; Denmark is a market economy.”
Socialism is when the government forces you to sell things, and comes in and mandates that you share your wealth. The idea that socialism is just sharing is belied by only the 100 people who have died as a result of the implementation of socialism in their country, people who failed to share voluntarily enough and therefore were taken off to the gulags or shot and placed in mass graves. Socialism is widely thought as a benevolent and wonderful thing that really has no downside, except for the casual “we have to shoot people if they do not comply and abide by my version of what charity should

Show More
Related

Upton Sinclair's Contributions To The Theme Of Socialism

315 Words | 2 Pages

Instead of splitting the population and using hardworking people unfairly, socialism allows an equal share among everyone so there is not a huge split between the wealth of a group. The packers and factory leaders all use the

Read More

Charles Scaliger's Article The Fruits Of Socialism

160 Words | 1 Pages

Charles scaliger wrote the article “The Fruits Of Socialism” in order to acknowledge the good things that come from socialism instead of what people describe socialism as. First, the author advocates that the term socialism should not be described for corrupted or poverty rather it be described to help the needs for others. Then, he illustrates some countries mostly adopted socialist economy before accruing capital for socialist to squander, and as a resultant role, socialism has kept them in permanent impoverishment. Next, Scaliger points out that socialist are certain of the sufficiency of socialism to provide necessary good and services is essential for the needs of some civilizations. Finally, Charles claims we should share with those

Read More

How Did Justin Trudeau's Quest To Stop Income Inequality

1249 Words | 5 Pages

In fact, socialism can have various positive impacts that benefit everyone according to G. A. Cohen. Cohen begins his argument by asking the readers to imagine camping trip with friends and loved ones work together to get things done easily. G. A. Cohen provides examples of this in the book Why Not Socialism? by saying. “We have, for example, pots and pans, oil, coffee, fishing rods, canoes, a soccer ball, decks of cards, and so forth.

Read More

Socialism In Upton Sinclair's The Jungle

1082 Words | 5 Pages

Socialism, however, ensures that the poor are able to receive money by limiting the amount of money that a person can make and giving the excess to the needy. Although this would sound ideal to an immigrant who has been taken advantage of in every way imaginable, this would create an idle society, something that is warned against in the book of Matthew when Jesus spoke about the Parable of the Bags of Gold. When one of the servants did nothing to increase the amount of gold that was entrusted to him, “His master replied, ‘You wicked, lazy servant! So you knew that I harvest where I have not sown and gather where I have not scattered seed?’ ” (Matthew 25:26).

Read More

Theme Of Socialism In Upton Sinclair's The Jungle

1390 Words | 6 Pages

The Merriam-Webster definition of socialism is “any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods.” In simple terms socialism is the collective ownership of goods and the means by which they are distributed. Although many socialists today would be quick to distinguish communism and socialism as two different things, they do indeed work together. Communism being defined by Merriam-Webster as “a system in which goods are owned in common and are available to all as needed.” Communism is just the outpouring of the philosophical idea of socialism.

Read More

Milton Friedman's Neoliberalism Analysis

1215 Words | 5 Pages

Milton Friedman revolutionized free market thinking. He believed in a free market as the best solution for the stability of an economy. Basing his theories on Adam Smith’s “invisible hand”, Friedman further developed Smith’s theory. In short, Friedman’s Neoliberalism can be described through one of his quotes on the social responsibility of business, “There is one and only one social responsibility of business — to use its resources and engage in activities designed to increase its profits, so long as it stays within the rules of the game” (Cooney, 2012). Friedman’s belief of the market’s perfection is based on the assumption that no actor would agree to a transaction if they did not find it fitting for themselves (Friedman, 1975).

Read More

Spencer Vs Adam Smith

261 Words | 2 Pages

A Market Economy significantly reflects the principles of liberalism due to a Market Economy primarily advocating individualist beliefs. The capitalist system is constructed fundamentally from the beliefs of Adam Smith and Herbert Spencer, both economic philosophers who publicly supported the idea of recognizing the worth of individuals and their rationality. Both philosophers during their time, promoted the idea of competition among individuals to as a result, allow individuals to pursue their own personal well-fare without government interference. Therefore, Smith's and Spencer's beliefs severely consisted on the right side of the economic spectrum, therefore, inducing their beliefs to mirror the principles associated to a liberalist ideology.

Read More

Essay On Canada Becoming A Mixed Economy

527 Words | 3 Pages

But since there is advantages there obviously has to be disadvantages. The disadvantages in a Market economy are pretty big and can really mess things up. Examples are, There is a very large gap between the rich and the poor. You don't really want that in a community or economy. Since there is such a huge

Read More

Argumentative Essay On Obama Care

1436 Words | 6 Pages

Socialism is displayed in the ACA where if you do not pick a plan you will be fined. In Social Security since they control how much you will receive if a person collects earlier than sixty-five. Lastly, for SNAP the government regulates the amount of money someone can receive monthly and also what that individual is allowed to buy with that money. If it was solely capitalist based Social Security would be privatized, ACA wouldn’t force a plan, and SNAP would allow any grocery store purchases to be made. It is important to remember that all of these programs have been designed to better the lives of the citizens who are in need of

Read More

Factory System During The Industrial Revolution

596 Words | 3 Pages

Business owners compete in a free market to make the best product or service at a price that will attract the most buyers. The successful businesses grow larger and employ more workers, thereby growing the economy. Proponents of the free market believe that this system encourages innovation, high quality goods, and increases the wealth of countries. The government does as little as possible in a free market economic

Read More

Adam Smith's Theory Of Economic Prosperity

1474 Words | 6 Pages

From the cooperation among civilians by a division of labor, to the limitations of government in an effort to achieve a free and competitive market, to the prioritization of the individual profit motive and accumulation of personal wealth, Smith argues that society can succeed in such an environment. Even though Smith’s economic platform revolved around a pre-Industrial Revolution era, his solutions to economic prosperity via the free economy allowed for an adaptable and flexible system. Nowadays, the idea of pursuing one’s own self interest is viewed as narcissistic, and oftentimes overlooked due to the accumulation of personal wealth. Government regulations force wealthy individuals to give a higher portion of their wealth for the betterment of the society, which some may view as unproportionable to their benefits from living in society. Simpler, fairer ways of devising a tax regulation have been proven to promote economic growth, however the current economic platform is seen to be arbitrary and obscure.

Read More

Mixed Economy

1039 Words | 5 Pages

Capitalism says that starvation and greed are ultimately the only reasons why people would want to work. Whereas, socialism states that the pleasure that a person gets from doing what they love is enough to fuel their want to work for society as a whole. “We don't agree with the capitalist assumption that starvation or greed are the only reasons people work. People enjoy their work if it is meaningful and enhances their lives,” (pg. 2, Socialism Pro). I strongly believe that the biggest motivator is starvation, especially if you have a family; but if you can help a person become financially stable and help educate them so that they may find the career they find the most pleasing, suddenly most people would have no problem working.

Read More

Socialism Vs Capitalism Essay

732 Words | 3 Pages

Instead of capitalists or private sectors owning the factories of production, the government owns them. This in turn results in the government collecting the profit instead of just businesses taxes. Pros and Cons Proponents of both systems have continually argued which economic system is better. Both have their advantages and disadvantages. Capitalism makes sure that an economy will produce the best products and that these are priced reasonably.

Read More

Compare And Contrast Capitalism And Capitalism

871 Words | 4 Pages

The individual by pursuing his economic self-interest simultaneously profits the all others’ economic self-interest of that society. Since each individual acts unhampered by government rules in capitalism, it causes the creation of wealth in a very efficient manner which then ultimately causes the rise of the living standard, the increase of the economic opportunities, and the rise of the supply of products. Therefore, when an economy functions with a free-market system everyone has the chance to create wealth for himself and in the same time he simultaneously creates opportunities for everyone else interests. This means that while the rich becomes richer the even poor one becomes richer. Such like, the Capitalism serves everyone for achieving their economic self-interest, including non-capitalists.

Read More

The Philosophies Of Adam Smith: The Father Of Economics

865 Words | 4 Pages

One benefit that a free market offers to society is economic efficiency. Since, a free market is self-regulating, producers are entirely free to make their own choices on what services or products to purchase. Of course, due to supply and demand the most desired products by consumers will be produced because they are willing to pay at prices they want. Moreover, in a free market there is the most economic freedom compared to a communist system. For example, in a free market economy workers have the independence to work at whatever firm/business they want.

Read More

More about Is Capitalism Moral (Argument)?

Related Topics

Open Document