Communism Vs Relativism

Capitalism is more than an economic system-it is, in many ways, a philosophical view of life, a belief in how people should act and how the world should be. Capitalism even spills over into ethical decisions, based on a theory called Moral Egoism. Emmett Barcalow introduces the concept of Moral Egoism in chapter four of the third edition of his textbook, Moral Philosophy, on page 71. He describes Moral Egoism as the belief that one should make moral decisions based on one's own self-interest. Moral Egoism allows for behavior as genuinely helpful and benign as eating well and staying fit—since you would do this to boost your personal health, which is in your self-interest—and as sinister as lying, cheating, stealing, and even murdering—since

Capitalism is a social system based on the principle of individual rights. Politically, it is the system of laissez-faire (freedom). Legally it is a system of objective laws (rule of law as opposed to rule of man). Economically, when such freedom is applied to the sphere of production its result is the free-market. Capitalism might not be a perfect system, but it is not that evil. There is evidence proven that capitalism has helped the U.S. become the wealthiest nation. The primary concept of capitalism is totally devoted to the creation

Capitalism is an omnipresent system that has taken on many unique and defined forms throughout its existence. While capitalism comes in a variety of disguises, one thing about capitalism has always remained the same – the nature of its selfish being. Capitalism thrives on hard work. Individuals that work hard will undoubtedly be rewarded. On the contrary, those that are not able to work are left in a dreadful predicament. Even with two distinct versions of capitalism – plain capitalism and democratic capitalism – both involve the necessary component of free enterprise. Capitalism considers free enterprise something to be achieved individually with rewards intended for just oneself. Adam Smith came along and challenged that notation

Capitalism came into being as a social and economic system when private individuals or corporations--as opposed to the state or classes of people--began to build businesses where the goal was profit motivated for the self-interest of the owner. This is opposed to a socialist system where the business may be owned by the state and/or profiting the state. In an ideal world, it is the economic establishment of the individual right for self-accomplishment. The private individual/corporation succeeds or fails based on its own merits. The rewards can be great, but the downside, left unchecked, can yield greed and corruption. It's survival of the fittest, whether fair or not. To those who love

An obsession of any kind is usually unhealthy, but obsession with money can destroy the soul. Karl Marx believed that human activity is paralyzed by the capitalist system. To be sure, the all-encompassing passion for wealth and power is unchristian, but is all capitalism evil? If the answer were yes, then abandoning capitalism, with its central goal of profit, would seem to be an obvious solution to the social ills of mankind. Of course, eliminating capitalism is not the answer. The fact is that capitalism, based on free competition without deception or fraud, can lead to justly obtained profits, while serving the common good.

Capitalist society commodifies/market human activity by subjecting all aspects of people’s lives and social relations to market requirements. These relations are then normalized and made to seem natural. In capitalist societies, our prestige and status is related to productive ability; society values as by how much we earn, who our friends are, where we live, how we earn a living, sort of healthcare and education. Capitalist systems of structured inequality continue because society portray them as normal and inevitable; the victims blame themselves for their failure to be successful. In this way dominant groups are able to maintain the status quo and the hegemony because they face less challenges from powerless

Mr. Stanley quit his job waterproofing basements before Mrs. Stanley's new business was successful.This situation reveals capitalism because it was the Stanley family choice to make the decision to compromising on whether it be successful or not because capitalism is all about taking risks.Some say that capitalism is unfair because the government may need to intervene like the Stanley family.It is not fair that the family had to pay 30,000 in medical bills because Mr.Stanley got sick. However,i still say that capitalism is fair because it takes money from society and anyone can get sick so the government can’t pay for everyone.

‘Capitalism’ can be loosely defined as ‘An economic and political system in which countries trade and industry are controlled by private owners for profit.’ Being the driving

Capitalism has been the subject of ethical criticism since it was first introduced into society. I defend the morality of capitalism because it gives people incentive to work, establishes a web of trust between them, satisfies their material well-being, and generates a wide spectrum of prosperity.

Capitalism is defined as a system that uses a labor for wage exchanged to benefit the ruling class. Day in and day out people work for minimal pay to support themselves and their family. In a world dedicated to helping the rich become richer, what is left for the working class? This system is purely based around the oppression of the working class, by keeping wealth from the poor, gentrifying communities, and using systems that imprison those of lower income. The system does not allow for the working class to make much or gain economically nor socially. The capitalist system is the downfall of the working class, for those who spend all their time working for wages, it seems that the benefits do not outweigh the faults in the system’s design.

In a word, Greed… from oil to roses, and water, and who knows what else, not to mention atrocities from slavery. Capitalism is based on “free enterprise” and individual rights. This statement is misleading and suggests that capitalism is economically and socially progressive. However, it benefits the selfish interests of a few, and hurts the interests of everyone else. Capitalism encourages corruption, economic disparity, individualism, hyper-competitiveness, and consumerism.

Capitalism started up as a system of investing and sharing money in order to increase the value of resources in the future. Capitalism was just an economic system, but then soon turned into a complex system of ethical practices. Harari defines capitalism as, “a set of teachings about how people should behave, educate their children and even think” (Harari 314). This economic system evolved along with the people that were endorsing it. Capitalism enables the rich to get richer, while the poor continue to get poorer. There are many benefits to capitalism, but there are downfalls as well, and these downfalls tend to be masked because of the rapid speed capitalists grow at. Harari first presents a definition for capitalism, and soon goes into great detail on why capitalism, while fast paced and unforgiving, is able to stand unwavered while other productions fail.

The movie gave many description of Capitalism. It ranged from good remarks like “system of taking and giving” to criticism like how it is a “system of taking and giving, but mostly taking.” Based on what is shown in the movie, the second description would be more believable. The “successful” people shown in the movie took advantage of others’ misfortune. For example, the loan companies who bankrupt the poor people even more. The loan companies let people borrow more money with high interest rates, knowing that they would most likely not be able to pay it back, but in return the companies take everything they have. There is a family in the movie that owned a house for so many years, and the bank was able to take it from them for not being able to pay what they owe. Thankfully, the bank was “generous” enough to offer them money in exchange of cleaning out their house. Is that really the right thing to do? Another infuriating part of the movie is when another family became homeless and was forced to live in a truck. What happened to the “highest standard of living in the world” that they America promised? Is living a truck a luxurious thing now?

Capitalism is the more morally adequate system because it values the individual liberties of each man above the power of a centralized government. In theory, Capitalism is the ideal economic situation because it enables, as Smith argued, the competitive free market to keep one another in check and gradually increase the standard of living. It is under capitalism, that true social justice is achieved, where individuals are rewarded based upon their labor, while it is socialism which suppresses the potential of individuals. Theoretically, Capitalism gives more power to the individual and enables individuals, not necessarily grants, but enables all individuals the pursuit of happiness. It is far more preferred to live a life of poverty and hold sovereignty, than a life of wealth, but as a

Concept of capitalism can be difficult to understand. It is commonly identified by economist and political philosophers as a system in which the means of production are privately owned and operated in the free market in exchange for a profit (Galbraith, 1952). The economical/social system determines the structure of production, the allocation of inputs and outputs, and consumption of goods. Capitalism remains popular in America because it values freedom, much like the people in our country. This is true because it allows individuals to set their own plans and pursue their own goals; in addition, one can decide what career they would enjoy most, thus creating an incentive and reward for achieving ones ambitions. In a free market, everyone