Capitalism And Its Effect On Economic Growth And Better Efficiency For Businesses

1834 Words Oct 11th, 2016 8 Pages
Businesses serve many functions and purposes, but when you think about a business in plain black and white terms the sole purpose of a business is to make money. Generating profit is what keeps a business alive and functioning. This general view of business has been the status quo for the majority of businesses from the 1950’s through the 2000’s. An organization tries to create as much profit and value as possible. Conscious Capitalism is changing this way of thinking. Conscious Capitalism views business differently when it comes making a decision about products and services, treatment of stakeholders, and looks at how to create a long term sustainable businesses that protect the environment and create higher profits in the long-term future.
When I was in middle school and in high school, I had a negative view of capitalism. I understood that there are many types of capitalism. Benefits of capitalism include economic growth and better efficiency for businesses, but also the disadvantages include potential monopolies, wealth inequality, and unfair treatment of stakeholders. Conscious Capitalism has changed my view on capitalism in that there does not need to be a clear-cut winner and loser. John Mackey and Raj Sisodia continuously refer to the concept of a win,win,win,win,win, and win relationship or win to the sixth power. We are taught growing up that there will be a winner and a loser in life. We learn this at a young age while playing sports, playing games at school, or…

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