Capitalism: Core Value Of Democracy

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Introduction:

Capitalism is described as an economic system depicted by private or corporate ownership of capital goods, by funds that are influenced by private decision; and by prices, manufacturing, and circulation of goods that are influenced by competition in a free market. In other words, it is a system in which we live where it is failing to meet the necessities of the majority of the world’s population. Under this system, only a small portion of citizens are in control of the planets capital and resources. As more wealth and power is gathered, money and factories are moved to accommodate to keeping profits high and wages low. Ultimately, the amount of profit acquired is more important than people and the environment. Adam Smith is often
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Typically, in modern capitalist corporation’s democracy is ignored. The ban of democracy in the workplace causes workers to resent their task which leads to less productivity and profits. This may be the result from employees feeling disrespected from corporations’ commanding heights, and feeling undervalued and unrecognized for their achievements. To cope with this, corporations hire many costly workplace supervisors. Thus, with the accumulation of profit the corporate expenses are some of the many factors leading to wasteful costs of capitalism. Ultimately, as capitalism with its endless accumulation of profit increases, the popular will is increasingly overlooked in the determination to make room for more profits out of the system. It is through this progression that global capital begins to take on political functions, demolishing local authorities and establishing themselves as a kind of governing …show more content…
The concept that the amount of money obtained is most important, has its negative consequences on people and the environment. Firstly, an employee working for low wages, results in companies profiting immensely. However, not having the right of democracy or citizen participation in the workplace makes employees resent their jobs even more. The capitalist principals lead to inequality, which result in the rich getting richer and the poor getting poorer. Also, the capitalist system shows no ecological concern, and worries solely on economic growth. All in all, capitalism promotes workplace inequality, individualism, and ecological

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