Saturday, September 10, 2011

The Pros and Cons of a Capitalism Society

  A capitalist society holds the advantage in that it enables its citizens to own their own property, make their own living, and allows for a continuum of economic growth. Though all of these are highly beneficial to the individual, there are cons to the equation that void certain aspects of the country as a whole.
 
  For instance, because capitalism breeds an individualist society, we lose sight of benefits to the country, and sacrifice them for benefits to the individual. This means, in theory, more corruption, tax breaks, and stepping over the little man. The big profit makers of the society will use financial Darwinism as a means to justify their abrogation of the lower class. Although these are legitimate concerns, capitalist societies often have a system of checks and balances that in an ideal world, will prevent such things from happening.
 
  Adam Smith uses formulas that further help to even out the gap between individual and society. He makes it so that the better an individual does, so too does better the country.
Overall, capitalism allows for a free system of gain. It ensures that the government alone does not decide the worth of it's worker. Furthermore, entrepreneurial gains help to better the society. A person will better understand the needs of a country before the country itself does. Without capitalism there would be no BMW, XBOX, or Television.
 
  All of these items are the result of an individuals dream, that benefits himself at first, in a way that also helps the society.

1 comment:

Rich said...

I agree with you completely, if we let are government control the workers’ pay are country would be in a whole different economic standpoint than it is now. The people as a whole would have no voice. I would almost consider that a form of dictatorship.

Aside from that i believe if you have the tools to open your own business, you have a great chance with your company to grow into whatever it wants.