Category: Capitalism

Industrial Age can be defined as the time when people became actively engaged in the development of manufacturing machinery. The given historical period is associated with many break-through technological advances and inventions, which consequently permeated almost every aspect of human life. The industrial revolution is closely related to the rise of capitalism as well. Together,…

Background In their book Moral issues in business, the authors William H. Shaw seeks to demystify the notion that inheritance is justified by capitalism by examining the works of D.W Haslett. He explores this concept from a wealthy point of view rather than an income point of view where he identifies that though the top…

In most western countries, capitalism is typically lauded as the most effective way of regulating market relationships, whereas socialism is traditionally frowned upon as a threat to free trade. However, not only does socialism suffer from a prejudiced attitude reinforced by the infamous witch-hunts, but also has a range of advantages compared to capitalism. Specifically,…

Table of Contents The Division of Labor and Its Outcomes The Value of the Capitalistic Impact Critical Evaluation Works Cited Comparing Smiths vision of the impact of the capitalist economy to that of Marx, it can be claimed that the former offers a more positive evaluation of the relevant outcomes. Hence, he points out that…

Introduction Capitalism plays a major role in the separation of people according to class and status. Gay identity puts individuals into a different social class. In this paper, the author will review the link between gay identity and capitalism from the perspective of two essays. The two are written by DEmilio and Berube. Essays on…

Introduction Protestant work ethic In the realms of religious philosophy that governs motivations for wealth creation and distribution, is Protestant Work Ethic or otherwise termed as Puritan Work Ethic which stemmed from ancient classical doctrines from Catholicism. Conventionally, the mainstream church doctrines promoted good works; business with ethics and avoiding all worldly circumstances that would…

The Industrial Revolution is one of the most significant periods in human history that drastically impacted society and future development. There was a massive shift from the agrarian approach to the technological method of production, which transformed the common perception of work and peoples lifestyles in general. Factories moved from the manual to the machine,…

Table of Contents Individualism vs institutionalism Individualisation Integration Reference Every culture has a set of underlying social values and norms that not only motivate people to work but underpin all social interactions. In a community, some people are characterised by high levels of motivation to work while others hardly work due to low levels of…

Democracy is a political or social unit that gives power to the citizens in which they observe it through a free and fair electoral system. When the citizens do not exercise democracy themselves, then the elected representatives carry it out. This kind of system is illustrated by having recognized equality rights and freedom both in…

In the world of capitalism, companies strive to be profitable as they can while providing their products or services. However, this ideology does not always align with the Christian beliefs and principles that do not place profitability as their primary interest. Although some Christians agree with the fundamentals of capitalism, other Christian theologians propose different…