The attack on capitalism makes sense because we generally believe that this economic system enables us a legitimate opportunity to succeed. Capitalism provides an opportunity for the individual without much government interference to arguably create something out of nothing. As a result, we are capable of using this tool as launching pad to uplift individuals out of poverty. Capitalism is an ideology that provides a unique opportunity regardless of education, socio economic background for any citizen to prosper.
It is understandably that capitalism is occasionally attacked based on the large gaps in wealth, disparities in health and education. It makes sense but for the very reasons that it comes under attack only reconfirms that the system despite its flaws is unchallenged as it relates to the freedom to express yourself. When we think about socialism and democracy we become fixated on defending these ideological beliefs but they do not necessarily uplift individuals from poverty like capitalism.
For example, many believe that socialism ultimately conditions the individual to become a ward of the state because the government provides everything for you. Under this particular ideology, the individual doesn’t retain any form of
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On the surface it does allows for the individual to partake in the political process but doesn’t necessary ensure that economic opportunities will be shared based on the democratic process. Democracy and capitalism often butt heads because democracy can create laws, policies and procedures that interfere with the market. Many narrative have been presented in defense of these ideology principles but capitalism appear to have stood the test of time. Do we have the capacity to modify capitalism to ensure that gaps in wealth are so large? I think that humanity and compassion are equally part of the human phenomenon and it prevents us from blindly ignoring those that don’t succeed as a