2014년 1월 22일 수요일

Capitalism # assignment due by Jan 24 Friday: blog post






I believe that capitalism can not be compatible with equality and social justice.
Things might look different from the view point of someone else. However,
I would like to define the capitalism as governance structure or as possessive right structure, so that companies can enter into competition with equality and share right information from its industry. But the problem is that our society cannot compete with equality. For instance, if when Nike produce 100 dollar value shoes, and if other company produce exactly same shoes or similar ones for only 50 dollars, Nike company likely to face its bankrupts. Therefore, Nike should lower its shoe price lower than the other rival company so that it can continue its business and make profits from the Nike shoe company. However, in this competitive industry, they are not able to make a freely competitive circumstance.
and I also want to define the relationship between equality and capitalism.
I believe that equality from capitalism is equality from starting line or equality from opportunity. However, this equality from capitalism is highly related to the government and politics. However, If the capitalism was enough to be compatible with equality or social justice, there should have no history such as bankrupts or IMF issues because the reasons from economy depression comes from un equality from capitalism.
Therefore, I believe that capitalism can not be compatible with equality and justice.

댓글 1개:

  1. Thank you for sharing your opinion with us. I like your stand point on this controversial issue. You are right, with so many competing markets its hard for the individual industries to maintain equality. Variances in product and price are defiantly underling issues in todays economy.

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