Capitalism or economic development has brought in some good consequences which are as follows:
Christmas, so it seems fitting to publish it on Christmas Eve. After the death of feudalism in the 19th century, a choice was presented to the world: Communism sounded great on paper but never really worked as intended, and the most well-known group within the Third Way movement was the Nazi party, whether the rest of the movement liked it or not.
Fortunately, the country in which you are living today is almost certainly capitalist, and in this article Effects of capitalism will investigate the numerous benefits that democratic capitalism provides: There are plenty of diets easily accessible and gyms with top of the range equipment, unparalleled in other countries.
There is greater awareness than ever of the importance of fitness due to government campaigns. All of these contribute to an extremely fit society, and, in desperation, one can always resort to liposuction or some other sort of surgery.
Which is why everyone is thin and healthy — on the front of magazines, at least. The basic principle is that the harder you work, the greater your reward. Arguably no-one epitomizes this better than Li Ka-shing, who fled China in and entered Hong Kong with next to nothing.
His father having died, Li left school at the age of 14 and labored 16 hours every day in a plastics trading company, where his sheer hard work and attention to detail allowed him to found Cheung Kong Industries in the s, after which he never looked back.
Greed is rewarded duly with large amounts of money and the entire economy is fuelled by people working hard to furnish their own needs. In addition, greed causes competition, which is an essential part of advancing the human race. The power of competition is shown during wars, where huge technological achievements are made.
Though greed and competition often damage society, one cannot deny that these traits have moved forwards mankind at a rapid pace. These have their place, too, in the capitalist world. Left-wing politicians like to claim that an extensive, expensive welfare system is the only way to provide a safety net for the poor, but in actual fact there are tens of thousands of registered charities providing not-for-profit activities, from The National Alliance to End Homelessness to Save the Rainforest.
Centrally planned altruism is completely unnecessary and, in fact, limits what people would otherwise give on their own initiative.
At school you selected your favorite subjects and could study them as far as you wanted, followed by applying to a job you chose from the widest variety ever seen in history.
This is capitalism at its finest: That is the beauty of freedom. In Britain, recent legislation has even allowed some prisoners to vote. Once you reach a certain age, you have as much power to choose the new government as everybody else above that age — whether that be your father, your boss or Bill Gates.
It is a basic fact of economics that the more money a firm makes, the more it can invest in production, and the more it invests in production, the more money it makes.
So long as no unfortunate events befall the firm, this growth can, obviously, continue indefinitely. Many see a problem arising with this: However, as argued by Julian Simon, the rarer a resource, the greater its monetary value, which leads to innovation.
For example as oil begins to run out we are seeing significant increase in prices, which has increased the reward and made it economically viable to search for new oil fields. Sites which were previously too expensive to profitably drill have now become available; and we are also developing new methods of harnessing alternative energy such as wind, solar and nuclear power.
Almost every attempted implementation of communism has failed for example, look at China — they abandoned total communism long ago and are slowly creeping towards capitalism and any central government risks large amounts of corruption.
This is because in these countries, thanks to the free-market, whatever products people want, they can get. Where do all these thousands of products come from?
Well, the less happy countries like the Asian Tiger economies tend to be the main exporters of consumer goods.
In conclusion, all these unhappy countries need to do is start consuming more than they produce, like Europe, and the wealth and happiness will start flowing in.Capitalism's negative effects mainly deal with the distribution of money. Because capitalism is centered on competition and the success of major companies, it can make it difficult for people with less resources or income to compete and succeed.
Jan 16, · There has been much discussion of the current economic system in the western world, capitalism.
This is mainly because of the growing anti-capitalist movement. However, as the owners of the free media are the wealthy, the anti-capitalist side of the debate has not been fairly covered. This list is. Capitalism is often confusingly equated with the free market and individual property rights when om fact laissez faire capitalism is only one version of capitalism.
There is also, for example, aversion of capitalism called state capitalism which w. Capitalism encourages corruption, economic disparity, individualism, hyper-competitiveness, and consumerism.
This wensite is an objection to the viability of an effective capitalist governance, with focus on its political, economical, and societal effects. With capitalism, more choice is provided than ever before. You can eat low fat food, organic food, free-range food and you know exactly what you’re getting due to the statistics on the packet.
Capitalism's negative effects mainly deal with the distribution of money. Because capitalism is centered on competition and the success of major companies, it can make it difficult for people with less resources or income to compete and succeed.