Your stance on capitalism.
I am taking a philosophy class in school right now. I have learned that almost anyway you look at it, capitalism is immoral.
Utilitarians will see that the majority are not benefited by capitalism, therefore it is immoral.
Deontologists will agree capitalism cannot be universalized because it treats people as means to an end rather than means in themselves.
Virtue Ethics would say that it is virtuous to not have wealth, and not be poor. Possibly an argument for capitalism, but only if you are not planning to be rich someday.
These are not the only forms of philosophy, but they are among the most used.
I think it is fair to look at what an economic system says about the people who participate in it. What does capitalism say? One is an individual separate from a group, and one must follow the rules of the market.
Deepak Chopra tells us to ask ourselves, How can we serve? This is a wonderful reflection of self. The problem is: one should not have to consult an economic system when answering.
Capitalism exploits workers, alienates workers, and only benefits the few.
Why do we use it?
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nice thread so far. first, no matter the system, there is no such thing as worldwide equality of birth. Beyond genetics, some are born into areas where arable land is plentiful and life is relatively easy; others are born into places where survival of the fittest in it’s purest form eliminates many of the newborn and life is hard and short. some are born to horrible parents and communities, others are more fortunate. All of these things are more impactful on one’s life than economic structure. I don’t think we can blame “capitalism” for the difficulties in escaping the ghetto, – poverty, hunger, and lack of education still exist in non-capitalist societies.
another point to consider is that the current economy is *not* capitalism. Tarriffs, subsidies, and embargoes are not tenets of capitalism. If capitalism is allowed to continue, wage inequality among countries will continue to shrink – working conditions and wages are improving in China and India (and the gov’ts of those countries are impediments to that improvement, we play within their rules). Part of the “problem” with capitalism is that there are countries with vastly different pedigrees working together; in any system, the experienced will exploit the new until the new elevate themselves in the system as equals. Equality will mean falling/stagnant pay in the US; we’ll need to get by on less when capitalism starts working for all. Every American here who wants a living wage should recognize that any living wage must be global; otherwise your “living wage” is propped up at the expense of others.
A true global economy, with global capitalism and free trade, would encourage both local-sourcing and greater wage equality. but we’re quite a ways from that.
The real problem is not capitalism; it is consumption. And no matter the system, humans currently over-consume resources, sacrificing future for present (such as harmful farming practices in Africa). Humans need to hoard, to insulate ourselves from future famine – and money seems like the universal way to protect ourselves, except that there isn’t enough for everyone to protect themselves, and never will be.
If humankind can learn to scale back it’s needs – more to the point, when we’re forced to do so – there will be enough to go around and capitalism will work much better. I think the fastest (maybe only) way we’ll learn that lesson is through making the mistakes that capitalism grants us the freedom to make. socialism and communism amount to never letting the baby walk, for fear of falling down.