It is argued that capitalism creates inequality. Does this matter? Why? Justify your answer
This essay will argue that capitalism does create inequality. The main body of this essay will argue how capitalism creates a cut throat society that only an elite few truly benefit from. It will also discuss how capitalism and true democracy consistently contradict one and other. Capitalism is an economic system that became dominant in the Western world following the demise of feudalism. There is general agreement that elements of capitalism include private ownership of the means of production, creation of goods or services for profit or income, competitive markets, voluntary exchange, and wage labor. Wikiapedia 2011-12-05 Capitalism creates a society where those with money have power. This may allow corporations to influence politicians, so that they no longer make certain decisions in the interest of the general public. This is a violation of democracy which everyone as a human being is entitled to. This matters because the elected politicians don’t take notice of the general public as they are unable to put them under as much pressure as the corporations can. A way for the general public to have their opinions heard is through the media. In a society with capitalism as their economic system news corporations may not always publish the most correct and informative news, as they are dependent on advertising revenue they will say what the corporations want to hear. Therefore the majority of their stories meet specific news values which include A. Impact B. Audience Identification C. Pragmatics of media coverage. A news room is constantly receiving information from a wide range of sources. An editor must decide what to use. In a country with a ‘free press’ there is competition between the various news outlets and choices are made on the basis of what it is considered the readers or audience will find most interesting. However if a news corporation is...
Please join StudyMode to read the full document