Greed Despoils Capitalism. Some Businesspeople Are Greedy Term Paper

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Greed Despoils Capitalism.

Some businesspeople are greedy and do not have a conscience, however Wilder believes that capitalism does not necessarily require greed. According to Barbara Wilder in her article, "Greed Despoils Capitalism," ethical business practices are the only way that everyone does not come away a loser from business. Wilder believes that Adam Smith, the father of Western capitalism, would be outraged and disgusted by the unethical business practices that corporations have shown in recent years. Ethics, dignity, and character are associated, in an ideal world, with wealth and capitalism. Democracy and capitalism are philosophically mingled, and the American Dream itself depends on capitalism to thrive. Capitalism thrives through the people, regardless of the system at large, and the businesses and jobs that are created by a capitalistic system provide wealth for all. When big business CEOs are unethical, it is not the fault of capitalism, but rather a direct dismissal of the values of capitalism. The economy of the future must be based not on greed or fear, but on integrity and care for all humans.

"The True Spirit of Enterprise."

While hugely successful entrepreneurs have often been criticized as ruthless, greedy, and unethical, some economists believe that the successful entrepreneurs of American history, such as Ford or Carnegie, are a symbol of the freemarket system. Many people believe that capitalism is inherently corrupt, and that the spirit of enterprise is equal to the spirit of greed. However, Don Matthews, in his article "The True Spirit of Enterprise," asserts that enterprise is about creativity, building, discovery, and innovating. Economic growth and development cannot exist without individuals creating wealth. The greatest American business leaders have been diverse, unique individuals, a sign that business and enterprise in America is diverse and available to all. Without capitalism we would not have cars, railroads, or computers in America today.

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"The Rebel Sell: If We All Hate Consumerism, How Come We Can't Stop Shopping?"

The behavior of the consumers in a free market system has a far-reaching effect. In the article "The Rebel Sell: If We All Hate Consumerism, How Come We Can't Stop Shopping?" Joseph Heath and Andrew Potter discuss the complicated free market system. Anti-consumerism has been a very popular philosophy among people of all walks of life, but statistics show that people keep being consumerists and continue indulging in consumer goods. Anti-consumerist movies like "American Beauty" and "Fight Club," and publications such as "Adbusters" are all very popular, but they also are part of the consumerist system. These are critiques of mass society, which appear to be anti-consumer, but actually enforce consumerism. The theory that capitalism requires conformity to succeed has been very popular, but these authors claim that it is just a theory that does not hold ground. Competitive consumerism is actually what creates waste. Legislation that would put a damper on the brand-wars that encourage competitive consumerism would be ending the fact that advertising is considered a tax-deductible expense.

"Economies of Meaning."

David Korten shares his belief that the values of the free market system are not necessarily consistent with "the good life." Business policies and practices undermine justice and economic stability for the majority of the population. The American economy is not serving both our materialistic needs and our ethical and spiritual ones. Sacrificing the best interests of others, and the community and nation itself, is what gets the wealthy more money and success. Political agenda supports this corrupted society. There are many myths that contribute to this basic philosophy. There is a myth that growth in aggregate economic….....

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"Greed Despoils Capitalism Some Businesspeople Are Greedy" (2005, April 23) Retrieved April 27, 2024, from
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