Capitalism Good or Evil Essay - 1871 Words

INTRODUCTION: Along with the advance and development of the society, capitalism is acquired by lots of countries among the world. But in the meantime, an increasing number of problems are brought to our attention, one of which is the pros and cons of capitalism. As to whether it is a blessing or a curse, people take different attitudes. Capitalism can be traced back to the Middle Ages in Europe, and this economic system has been contributing to the whole human race for centuries. However, people are attaching more importance to what capitalism is really doing to us, and they start wondering if another world is possible. My paper will focus on the question â€Å"Is capitalism good or evil†, and discuss different views about it. Capitalism†¦show more content†¦American philosopher Jonathan Korman claims in his article that â€Å"Capitalism is an appealing way to try to provide for peoples essential needs because it tends to generate a lot of wealth† (Korman, Apr. 15 2005), and for capitalists, capitalism seems to be just right for them to accumulate as much profit and build their world of prosperity. But then again, Korman also indicates the dilemma that â€Å"It also tends to distribute that wealth so unevenly that you have a number of people who dont get their needs met† (Korman, Apr. 15 2005). Thus, whether capitalism is really positively influencing our society or not needs to be considered carefully. Personally, I side with the latter opinion – it is to some extent problematic. Hence, I want to start with some thoughts of David McNally. In an article of McNally called â€Å"The Invisible Hand is a Closed Fist†, he makes the statement that there has been something wrong inside capitalism in the market economy. Inequality, alienation, degradation of the environment and conflicts between individual rights and public interests are all factors that will potentially make a capitalist society unstable. And his article gives a thorough analysis on these points. Through an economic scope, McNally expounds the concept of â€Å"commodification† which is a part of globalization, and explains the fact that the process of capitalism is turning things that were originally out of a market into commodities, for instance, laborShow MoreRelatedMarxism : A Structural Conflict Theory1718 Words   |  7 Pagesbourgeoisie oppression under capitalism to a socialist and ultimately classless society. There are varying types of economic exchange that all vary dependant on the type of society and economic system the country is in. Namely these are barter, which is the exchange of gods and commodities; merchandise, bartering through the intermediary of money, and capitalism, that uses commodities in order to increase money. For Marx, the latter type of economic exchange (capitalism) is one that is based uponRead MoreThe Jungle by Upton Sinclair The story â€Å"The Jungle† by Upton Sinclair is somewhat of a declaration900 Words   |  4 PagesThe Jungle by Upton Sinclair The story â€Å"The Jungle† by Upton Sinclair is somewhat of a declaration of attention towards the matters of sociopolitical issues, capitalism, political corruption, and the depravedness of corporate personnel, corporatism, and industrialism; it inspires progressivism in its strong and thought-provoking messages and lives by its title. The story is about a recently married Lithuanian couple – Jurgis and Ona, and their ten other siblings who all come to America, as immigrantsRead MoreAnalyze Native American Societies1482 Words   |  6 Pagesholistic Native American beliefs versus dualistic world views, and in so discussing we will illuminate the reader’s knowledge about the differences in views of purity and salvation. The second important aspect is that of the economic ethic: American Capitalism versus Native American subsistence labor ethic. The reasons why these two aspects are so important in explaining change or the lack of change in Native American communities is because everything is linked to religion and the ceremonies that ensueRead MoreThe Societies Of The World1133 Words   |  5 Pagesbe hopeless and have no part in the global economy. Ultimately, Wolf understands that non-Western societies are just as intertwined into the workings of global processes and that they significantly contri bute to history and the global economy. Capitalism has been allowed to emerge as a dominant mode of production, however, Wolf challenges the notion that non-Western cultures and people were isolated and static entities before the advent of European colonialism and imperialism. Before active colonizationRead MoreAnalysis : The Tonic Of The Wilderness 911 Words   |  4 Pagesof seeing the wilderness as an essential value of the Earth is Gladys Swan. Swan clarifies Crà ¨vecÅ“ur’s message about men perceived as plants by analyzing how men have adapted and encapsulated the need of capitalism when coming to America. This need has shifted American Puritans focus on capitalism and has lost hope in valuing the land of Earth. Swan later expressing her reasoning’s through an article â€Å"The Tonic of the Wilderness† supporting that people living in the wilderness adapt to a slower paceRead MoreCapitalism Essay1175 Words   |  5 PagesCapitalism Throughout my duration in college, business has been my major area of concentration. Capitalism is the most central and consequential topic which has to do with business. The ideals of capitalism, over time, have faced much scrutiny. Many great minds within the past two centuries have discredited capitalism, for the virtues of socialism and the whole of society. It is my intent to put forth a moral justification of the ideals behind capitalism. Ayn Rand said â€Å"TheRead MoreCapitalism: A Love Story Essay1063 Words   |  5 Pagespromotes capitalism enables businesses to gain wealth at the expense of the consumer’s wealth. Ultimately this becomes a question of morality as these corporations reap the money from hardworking citizens for the purpose of greed and exploitation of the free market economy. In the film, Capitalism: A love story, the film makers use conventions and point of view to show that capitalism in America is an evil that is better replaced by democracy. Michael Moore warns everyone that promoting capitalism willRead MoreEssay on The Evil of Capitalism1061 Words   |  5 PagesThe Evil of Capitalism 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 isRead More Marx and the Communist Movement Essay922 Words   |  4 Pagescontroversial of stages, is known as capitalism. Here, private or corporate ownership of capital goods is determined by private decisions rather than the state. Price, production and the distribution of goods are determined mainly by competing in a free market. Lastly, the forth stage of human development, is referred to as Communism. This is a final stage of society in Marxist theory in which the state and private ownership is demolished, and econo mic goods are owned and distributed equally. InRead MoreThe Jungle By Upton Sinclair1525 Words   |  7 PagesThey poured themselves into working under the most horrendous conditions only to make a few pennies an hour and fall victims to the evil schemes of business owners and city officials. Eventually the story turns to what I believe is the most central idea of the novel. Sinclair wanted his readers to believe that socialism was the solution for the injustices of capitalism, which was to blame for the struggle of Jurgis Rudkus and so many other working-class families of the era. The remainder of this essay