Pros And Cons Of Capitalism Debate
analytical Essay
517 words
Capitalism Debate First Affirmative Construction:
Doing well is the result of doing good. That's what capitalism is all about.-- Ralph Waldo Emerson
Imagine a system in which everyone can gain wealth in a free market. A place where hard work actually pays off. Where freedom of speech actually allows unreserved opinion. This is Capitalism.
Resolution: Capitalism is the most just form of economic system.
Definitions:
Capitalism: a way of organizing an economy so that the things that are used to make and transport products are owned by individual people and companies rather than by the government “http://www.merriam-webster.com/dictionary/capitalism”
Economic: of, relating to, or based on the production, distribution, and consumption of goods and services “http://www.merriam-webster.com/dictionary/economic”
Just: Based on or behaving according to what is morally right and fair
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In this essay, the author
- Explains that doing well is the result of doing good, which is what capitalism is all about.
- Explains capitalism as a way of organizing an economy so that the things that are used to make and transport products are owned by individuals and companies rather than by the government.
- Explains that in capitalism, man is an end in himself, not a slave to society.
- Analyzes how the phrase "freedom and justice for all" has been twisted to read, "freedom if underlined deed or request is legally permissible and does not ruffle anyone’s tail feathers."
- Compares capitalism with socialism, which creates reliance on the demand of a product rather than the budget of the company, thus cutting down on production waste and overstock.
Reason 1: In Capitalism, Man is an end in himself, not a slave to society.
“Man—every man—is an end in himself, not a means to the ends of others; he must live for his own sake, neither sacrificing himself to others nor sacrificing others to himself; he must work for his rational self-interest, with the achievement of his own happiness as the highest moral purpose of his life.”- Ayn Rand
In Capitalism, the individual is sovereign. To live rationally in a society, a main component is freedom of action, which does not mean the permission to act freely, but a legal utilization of the rights of an individual. According to capitalism.org, rights are (in relation to capitalism) ‘moral principles defining a man’s freedom of action in a social context.’
Reason 2: In Capitalism, there is Freedom to act freely.
“If a nation values anything more than freedom, it will lose its freedom; and the irony of it is that if it is comfort or money that it values more, it will lose that too.” ~ W. Somerset
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In this essay, the author
- Analyzes how ayn rand uses fictional characters and events to dramatize the only economic system that is consistent with man's rights and virtues.
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- Argues that capitalism cannot achieve socio-economic justice because there is too much focus on profit rather than people and dislocates the consumers from the modes of production.
- Explains that the pursuit of profit is one of the underlying features that make up our capitalist system.
- Explains how the drive of profit stems from within the economy. stanford illustrates the mechanics and relationships between investors (lenders) and corporations.
- Explains that investors have the ability to reverse their investment choices if they feel that their investments are not generating the profits they had hoped to gain.
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2216 wordsRead More