Question

FOR FURTHER REFLECTION 1. What do you see as the strongest moral consideration in favor of capitalism? What do you see as the strongest obijection to it? 2. How capitalist is our economic system today? 3. What do you see as the major economic challenges facing our society today and, in particular, your generation?

Answer 1

1-

Capitalism can be defined as a social system which is mostly existing in each and every country around the globe. In this type of system the major means of producing as well as distribution of goods for example the land, technology, transportation system is directly on by a small number of people which directly related to the capitalist class. Rest of the people sell their skills in exchange of the wages to survive in the society and are considered as the working class for the capitalists. The level of living in this kind of system is very low for the working class and very high for the capitalist. Basic profit of the work is given by the capitalist has the most of the working class produced its skills towards the specific minority based factories which directly benefit the capitalist to generate the huge revenue from the systems. Working classes are terribly exploited by the capitalist class and they usually leave of the prophets obtained from exploiting the working class and re investing then profit for the further gain of wealth.

This specific system is totally based on exploiting the working class and gaining profits for the capitalist class. Living inside a capitalist country itself is a challenge. Believing in a capitalist country more and more people are exploited in the capitalism is extreme. Rulers directly influence the overall policies made by them and implement them into the society with the help of the forces they have.

2-

Definitely our system is capitalist at many skills. As many of the monopolies are dealing with the strong businesses and holding most part of the total economic flow of any country, our economic system is usually carrying out the same ideology of capitalism. Due to unavailability of a referenced factors and the authoritarian approach used by these multinational organisations to influence the economic standards of the society, level of implementation for the current economic industry is definitely more towards the capitalism rather than being focused on different economic rulingstructures.

3-

Oursociety is facing major economic changes as it is moving towards a digital image. These digital technologies are definitely affecting the overall outcome of total business implementation. Availability of e-commerce and enhancement in logistics are creating a huge difference in operability of businesses in National as well as International environment. Due to the consistently changing environment, this business operations are being affected by a huge margin as well as the impact of the negative practices are also increasing. Changes in business operations at National as well as International levels are affecting the overall outcome and reducing the impact of the capitalist environment that is being forced by many of the bigger organisations directly deteriorate their capabilities of influencing the customers. People are getting aware by having extensive availability of assessment of the information from different sources such as internet. This capability is also providing positive support to the economic factors which are influencing and creating a better economic environment of work.

P.S.- Please leave a comment if any explanation is needed.