Arguments Against Capitalism

While many believe that capitalism is a great ideology, one fails to question, whether or not capitalism is beneficial to our economy. Bertrand Russell once said, “Advocates of capitalism are very apt to appeal to the sacred principles of liberty, which are embodied in one maxim: The fortunate must not be restrained in the exercise of tyranny over the unfortunate.” The articles “Does Capitalism Inevitably Produce Inequalities” (Robertson), “Of the 1%, For the 1%, By the 1%” (Stiglitz), “Hunger and Homelessness in America” (National Student…), “Inequality is real, it’s personal, it’s expensive, and it was created”, “Just Do What?,” (Victoria) and an audio clip “This is What Barely Making Ends Meet Sounds Like” (Edwards-Levy) all challenges wealthy politicians and CEO’s and their exploitation over the poor. One should question capitalism, …show more content…
In its essence, capitalism is an economic system in which private ownership invests in production, distribution, and exchange of wealth for the accumulation and reinvestment of profits. In Robertson’s article, she demonstrates that the wealthiest have a greater political influence by means of lobbying and campaign contributions. Robertson also mentions that politicians “accept money from the wealthy in order to fund their reelection campaigns,” thus leading politicians to make policy decisions favoring those who contribute money to their campaigns. Creating a strong relationship between the wealthy and politics. In the video, Inequality is real, it’s personal, it’s expensive, and it was created, former Secretary of Labor Robert Reich discuss the shift of power from the workers to the affluent 1% by using their wealth to influence policies such as lowering inflation and high unemployment. This demonstrates the dominance of wealth in politics and how easy it is for the rich to manipulate the financial