Is Capitalism Moral?|5 Minute Video
Is industrialism ethical or greedy? If it’s based on greed and selfishness, what’s the finest alternative financial system? And if commercialism is moral, what makes it so?
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Script:
Many people believe that free market commercialism is self-centered, even unethical. They state it’s about greed, about a cravings for cash and power; that it assists the abundant and harms the bad. They’re wrong. The free enterprise is not only financially remarkable, it is ethically superior to any other method of organizing financial behavior. Here’s why.
The free market calls for voluntary actions between people. There’s no coercion.
In a free enterprise, if I desire something from you, I need to do something for you.
When I go to the grocer and say, “I would like to have 4 pounds of steak” He, in impact, says to me, “You desire a lot of individuals to serve you– ranchers, butchers, packagers, and truckers. All these individuals have to be paid.
I provide him the twenty dollars. It’s evidence that you’ve served your fellow man.
Individuals accuse the free enterprise of not being moral due to the fact that they say it’s a zero-sum video game, like poker, where if you win, it means that I need to lose. However the free market is not a zero-sum game. It’s a favorable amount video game. You do something helpful for me, such as give me that steak and I’ll do something great for you– provide you twenty dollars. I’m much better off since I valued the steak more than I valued the $20 and the grocer is much better off due to the fact that he valued the $20 more than he valued the steak. We both win.
Paradoxically, it’s the government, not the free market, that produces zero-sum games in our economy. If you use the federal government to get a food stamp, a farm subsidy or a service bail out, you will benefit– however at the expense of your fellow citizens. Isn’t it more moral to need that people serve their fellow male in order to have a claim on what he produces instead of not serve others and still have a claim?
Not in a complimentary market. Since in a totally free market We, the People, choose the fate of business who want our service.
Free market capitalism will punish a corporation that does not please clients or stops working to use resources effectively. Services, big and small, that dream to prosper are held liable by the people who vote with their dollars. And, once again, it’s the government that can undo this.
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source
Numerous people believe that complimentary market commercialism is selfish, even immoral. People accuse the complimentary market of not being moral due to the fact that they state it’s a zero-sum video game, like poker, where if you win, it suggests that I have to lose. Ironically, it’s the federal government, not the free market, that develops zero-sum video games in our economy. Because in a free market We, the People, decide the fate of companies who want our business.
Totally free market industrialism will penalize a corporation that does not please customers or fails to use resources effectively.
