Modern Capitalism

Topics: Morality, Capitalism, Free market Pages: 3 (1013 words) Published: December 5, 2012
In an economy where time equals money- and lots of it- people cannot afford to just sit back and wait for the social welfare offered to civilians in other countries. The America we live in today is not a capitalist country, for we have lived in a mixed economy- a mixture of capitalism and socialism- for more than a century. We live based on the principle of individual liberty--the unchallengeable right to follow your own dreams and act according to your own judgment. But in reality- isn’t pursuing profit and your own self-interest wrong? And if that’s the reason, then why do Americans love capitalism? It’s the great sought- after American dream, and the sole propaganda machine that tells us that if we work hard and are good members of society, we too will make it to the top of the pyramid. The most prominent problem, however- is that the top is higher and smaller than it has ever been before. In every society that wraps class and hierarchy in its fingertips, immorality amongst the human race is promoted by capitalism. A rigged system, or as Adam Smith describes it; the “invisible hand”, or the self-interest of individuals, dominates the economy, and so it is not the system itself that is immoral, but the people who follow the system. Strict capitalism has no regulations, which ends up creating opportunities for the rich to get around the rules and make more money while they leave the poor in the dust. Don’t we have a moral obligation to selflessly put the needs of others above our own? Why is it wrong to try to make the most of your own life, neither sacrificing yourself to others nor others to yourself? Don’t you have as much right to your life as anyone else has to theirs? There is much in capitalism that brings out the moral best in people. And there is much that can bring out our immoral worst. Capitalism as an economic system is based on one’s own greediness, willingness, and intelligence, to turn “evil” and exploit the system in order to take advantage of...
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