written by Aizat. (Ethics/Politics/Economics)
You might be wondering, why on earth I put on the title "Today's Dilemma" as I post my first blog here. Well, it might be somewhat confusing you, but the thing is, if we don't take this matter seriously to the extent for our own good, we are doom neglecting all "[t]he very rich families and individuals who compose the owning class who live mostly off investments: stocks, bonds, rents and other property income"(Parenti 6). The matter that I am talking about is referring to capitalism. Nowadays, capitalism is applied by pretty much all country in the world. Is it a good thing for us? In some sort of way, it is great, but the fact is, it brings a lot of disadvantages to the people as a whole. In class, we talk about how capitalism is some quite connected to the story of Frankenstein monster. Frankenstein monster was indeed created by human and that also went to capitalism which was also created by human beings. Usually, if we create something, we have the power to control them as we would love to. However, that is not what happened to both scenarios I stated earlier. Humans are now being control back by them. Humans being forced to work under them as in order to keep them alive as they think they were supposed to be. Look at the meaning of the capitalism itself in which it is an economic system where profit –making is more important than anything else. Based on that statement, capitalism's world do not necessarily care about our labor work, they only care about the profit we make out off our labor. Parenti writes in his "Democracy for the Few", he said that,"[u]nder capitalism, however, the portion taken from the worker is not visible. Workers are simply paid substantially less than the value they create. Indeed, the only reason they are hired is to make money off their labor." I am totally agree with the things he mentioning about and I have my own justifications for that support.
Let us remember back to the second short 10 minutes video clip that Prof. Perry showed to us during our last class, unless you guys are sleeping at that time. In that video, we could see how cruel it was actually capitalism did to us. Such company that worked under this capitalist system, gave a lot of sweet promises to the people of Jamaica, which most of them still living as in a third world country, where they can improve the quality of their lifestyle as so as their income if they willing to work under this such company. But then, as we watched the video much further, we saw that, these people had actually trapped to a massive tricks played by this capitalism based company, where the only reason these people being hired was to make money off their labor and not to make money for their own personal good. Consequently, the upper class people become richer and richer and the lower class people become poorer and poorer. So, as for me to end this conservation, let me say couple of things that can relate this matter to other. Where has our right missing? Don't us supposedly to have right as our main protector. If we say about right, don't we supposedly to have the right to live in a country where people's need is somewhat more important than anything else. As what Hospers said, "Individuals have the right to act as they choose unless their actions interfere with the liberty of others and other's men live are not yours to dispose of" (Hospers 319).Thinks about it.
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Freedom of speech is one of those things in life that people will continue
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17 years ago

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SCHWEICKART AND CAPITALISM
Chris Johnson
Capitalism is the root of the American dream. People migrate from thousands of miles away to pursue the dream of freedom and riches. This is what makes our country so great, but it is it also the cause of all the despair? According to Schweickart there is no preferable alternative to capitalism that is as efficient in allocation of existing resources, as dynamic in innovative growth, and as compatible with liberty and democracy. But with so many great things about capitalism, there is also a fair share of negatives. These include: inequality, unemployment, overwork, poverty, mockery of democracy, and environmental degradation. While these are all very important issues in their own right, I believe that poverty and inequality are two of the most important ones on the list. How can a country that is so rich have so many people in extreme poverty? The issue is that the nation’s wealth is overly skewed to a very small portion of the population. I am all for pursuing the American dream of wealth and prosperity, and I don’t believe that the things I work for should be given to someone else just because they are poor. Capitalism is a competition and inequality is part of the game. Not everyone can finish at the top, and there will always be those who don’t succeed. That being said, living in a country with so much I don’t think that anyone should be without. I think the main problem with poverty and capitalism can be seen by looking at the ideas of Parenti. He states in a nutshell that workers are paid much less than actual value they create. Corporations exploit the labor of their workers by paying them less than they actually work for and turn that into the accumulation of capital. Maybe I’m a little naïve, but could we not pay workers a greater portion of the value they create? It is no doubt that this idea would come with great opposition for many, but it would do a great deal to even the income distribution and reduce the poverty levels.
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