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Essay / Capitalist society. - 1746
Capitalism is a very complex system that is discussed by many authors, academics and economists. Robert Heilbroner is a famous American economist who creatively discusses the capitalist system in 21st century capitalism. It reveals the abstruse system of capitalism and its role in society. Heilbroner begins by comparing traditional society with modern capitalist society and differentiating capital from wealth, which allows the reader to understand the basic definition of capitalism. It then illustrates the most crucial aspect of capitalism, namely the two domains of capitalism. According to Heilbroner, the two domains of capitalism are state and economy or government and business. The relationship between these areas is interesting in its nature because one aspect of their relationship makes them beneficial to society and another aspect makes them dysfunctional in society. The areas of state and economy are beneficial when they rely on each other, as they support each other and result in a peaceful state and economy of a society. At the same time, they have the power to act independently. As soon as they separate, they become dysfunctional for society because the state could block the free growth of the economy and the economy could survive independently without supporting the government, resulting in a weak society. Western societies are the living example of capitalism. They present very languishing moral and social values, but they proudly present their materialistic life. This situation of imbalance is due to the contribution of capitalism in modern society. The insatiable nature of capitalism results in an accumulation of capital, which diminishes the value of the human being and increases the value of money and...... paper...... do not cooperate with each other the others, they become dysfunctional for the society and can cause different social problems which led the society towards destruction. Capitalism is a modern economic system that is changing the world. The imperative factor of capitalist society is the accumulation of wealth which results in converting money into divine force and diminishes the value of humanity, morality and the values which distinguish us from animals. The pursuit of capital causes necessities to turn into commodities, so that capitalists can earn more capital to invest. Thus, the contribution of capitalism can be positive for those who only care about profit but not for society because it only improves materialistic life and weakens the soul which teaches us ethics and morality. Works Cited Heilbroner, Robert L. Twenty-First Century Capitalism / . Concord, Ontario: Anansi, 1992. Print.