Where do you stand on Capitalism?
by jsbjsb001 from LinuxQuestions.org on (#4T2D1)
I know this is probably quite a broad subject, but it's something I've on been wondering about, probably for a long time too... I was reading this article, and I must say, I found it to be quite interesting read. Because what I've highlighted in the quote below, to my way of thinking, can and often from what I've seen, this inevitably and essentially tends to "devalue" a human being as nothing more than a "machine", that's only as good as their "economic output".
This has far reaching implications in wider society and politics as we know it. If we look at politics today, and the dog eat, dog eat world we seem to be living in, essentially, if one does not have money, particularly if you're poor, or "working class", you seem to be less than a human, and are treated as such by a system that only cares about profit.
In other words; morality means almost nothing (if anything) to that same system, but if you have a big bank account, you automatically seem to be worth a lot more, even if you have little to no morals - we only need to look at certain politicians to see what I'm talking about (at least one of them is the most powerful so-called "leader" in the "free world").
Just so I'm clear on what I'm referring to;
Quote:
It's what I've highlighted in bold that's essentially my question. Being, is "operation for profit" a good thing? Or should "Capitalism" be replaced and/or modified?
(While again, this is probably a very broad subject I know, this isn't just about one person, and there are many points that could be made; please keep this thread concerning "Capitalism" and other economic systems, rather than focusing on individual people. Thanks.)
This has far reaching implications in wider society and politics as we know it. If we look at politics today, and the dog eat, dog eat world we seem to be living in, essentially, if one does not have money, particularly if you're poor, or "working class", you seem to be less than a human, and are treated as such by a system that only cares about profit.
In other words; morality means almost nothing (if anything) to that same system, but if you have a big bank account, you automatically seem to be worth a lot more, even if you have little to no morals - we only need to look at certain politicians to see what I'm talking about (at least one of them is the most powerful so-called "leader" in the "free world").
Just so I'm clear on what I'm referring to;
Quote:
| Originally Posted by Wikipedia articleCapitalism is an economic system based on the private ownership of the means of production and their operation for profit.[1][2][3][4] Characteristics central to capitalism include private property, capital accumulation, wage labor, voluntary exchange, a price system and competitive markets.[5][6] In a capitalist market economy, decision-making and investments are determined by every owner of wealth, property or production ability in financial and capital markets, whereas prices and the distribution of goods and services are mainly determined by competition in goods and services markets. |
(While again, this is probably a very broad subject I know, this isn't just about one person, and there are many points that could be made; please keep this thread concerning "Capitalism" and other economic systems, rather than focusing on individual people. Thanks.)