Reflection Of Capitalism At Risk

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Reflection of Capitalism at Risk Capitalism at Risk was a great read and provided the ammunition to get my mind flowing. It touched on a great amount of issues that affect capitalism. One of the major perceived threats is the failure of the rule of law. Throughout this reflection essay we will explore in depth the failure of the rule of law and how it relates to capitalism. To figure out what exactly the failure of the rule of law is we must first determine what exactly is the rule of law. The rule of law is put in place to constrain the government’s power, establish order and security, act as a regulatory, protect fundamental human rights, and reduce corruption. It is also “more of an ideal that we strive to achieve, but sometimes fail …show more content…

I agree with the authors and also believe capitalism is a risk, but I don’t agree that a capitalist system is the best system there is. I believe the best system is a mix and not strictly capitalism. I also think the biggest failure of the rule of law is lobbyist influencing officials that make our laws. The lobbyist try to ensure the law is written in their favor. Physical security for life and property is one of the key features that makes up the working definition of capitalism. It is extremely hard for some businesses to compete and protect their property against other companies with lobbyist. I truly believe lobbying for a better position is just as bad as using thuggery in governments that are not as sophisticated as the U.S. Thugs influence the government to look the other way or influence the government to make the laws in their favor. So what is the difference between thugs and lobbyist? There is no difference, they just get the results they want differently. The U.S. has a fairly developed government. So the majority of the issues involving the failure of the rule of law U.S is usually businesses finding loopholes around the laws. Usually the government notices highlighted loopholes and will try to fix the problem. This tells me that the rule of law in the U.S is working. Other places around the globe that don’t have developed governments have major issues with the failure of the rule of

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