Jammy Loeur
10/14/2014
MW 12-1:15pm
PHIL 103
Capitalism Is Morally Unjustified in Today’s World
A woman in Cambodia, working long hours whilst earning only $1 a day, manufactures apparel that will be sold to consumers in the United States for a price of $50 each. A man is paralyzed from the neck down in a car accident as a result of the car manufacturer neglecting to disclose a malfunction in its seatbelts, just so that they may save money by not issuing a complete recall. And lastly, an elder man from a working-class family, who has worked exceptionally hard his entire life still remains impoverished. These are only a tiny portion of moral injustices which have come to be prevalent in today’s capitalistic modern society. In this paper, I …show more content…
Companies and businesses have more often than not, placed an importance on earnings than the prosperity of its employees. The key feature of capitalism is the profit motive, to do everything in your power to accumulate wealth. Companies are then striving for the most effective way to lower their expenses whilst at the same time, generate more wealth. One of the tactics they utilize to control their cost is through hiring cheap labor. As capitalism grew to a globalized scale, companies began outsourcing the manufacturing process to other countries in return of a massive discount on manual labor. In many of these countries where employment is scarce and are largely …show more content…
The capitalistic system largely favors individuals of a wealthy background. The vast majority of the capital in the world are controlled by only a very small portion of the population. This, subsequently, produces a considerable and unfair disadvantage for those individuals who are born into a lower socioeconomic status household than those fortunate enough to be born into an affluent family. For instance, individuals who already possess a great deal of fortune, regularly have an easier time producing more riches. As a result of the abundant resources, they are able to invest their capital into either stocks or other financial endeavors which, more often than naught, tend to lead to a higher return than that of unskilled labor. This is in complete contrast to persons who are of an underprivileged background, who are not afforded the capability of such investments, and are forced to work the low-paying menial jobs that provide very limited opportunities to advance upward in the socioeconomic ladder. Besides receiving inherited wealth, affluent children also gain an unfair advantage in regards to education. They are afforded superior schooling whereas other children, who are less fortunate and do not vary in capability with respect to rich children, are settled with an inferior education which does not offer the equivalent level of
10/14/2014
MW 12-1:15pm
PHIL 103
Capitalism Is Morally Unjustified in Today’s World
A woman in Cambodia, working long hours whilst earning only $1 a day, manufactures apparel that will be sold to consumers in the United States for a price of $50 each. A man is paralyzed from the neck down in a car accident as a result of the car manufacturer neglecting to disclose a malfunction in its seatbelts, just so that they may save money by not issuing a complete recall. And lastly, an elder man from a working-class family, who has worked exceptionally hard his entire life still remains impoverished. These are only a tiny portion of moral injustices which have come to be prevalent in today’s capitalistic modern society. In this paper, I …show more content…
Companies and businesses have more often than not, placed an importance on earnings than the prosperity of its employees. The key feature of capitalism is the profit motive, to do everything in your power to accumulate wealth. Companies are then striving for the most effective way to lower their expenses whilst at the same time, generate more wealth. One of the tactics they utilize to control their cost is through hiring cheap labor. As capitalism grew to a globalized scale, companies began outsourcing the manufacturing process to other countries in return of a massive discount on manual labor. In many of these countries where employment is scarce and are largely …show more content…
The capitalistic system largely favors individuals of a wealthy background. The vast majority of the capital in the world are controlled by only a very small portion of the population. This, subsequently, produces a considerable and unfair disadvantage for those individuals who are born into a lower socioeconomic status household than those fortunate enough to be born into an affluent family. For instance, individuals who already possess a great deal of fortune, regularly have an easier time producing more riches. As a result of the abundant resources, they are able to invest their capital into either stocks or other financial endeavors which, more often than naught, tend to lead to a higher return than that of unskilled labor. This is in complete contrast to persons who are of an underprivileged background, who are not afforded the capability of such investments, and are forced to work the low-paying menial jobs that provide very limited opportunities to advance upward in the socioeconomic ladder. Besides receiving inherited wealth, affluent children also gain an unfair advantage in regards to education. They are afforded superior schooling whereas other children, who are less fortunate and do not vary in capability with respect to rich children, are settled with an inferior education which does not offer the equivalent level of