Learning Paths » 5B Interacting
DMotta-Capitalism
by - (2012-09-26)
Up to 5B - The Crisis of Capitalism
In this article are given different definition of capitalism some are positive other negative. The people in the article who think that capitalism is a good thing for humanity are, Winston Churchill who thought that capitalism is the horse that pulls the economy of the state; Thomas Friedman said it is the answer to the question “which is the best form of economy? “. Joseph Schumpeter gives a positive judgment of capitalism in fact with creative destruction it means that capitalism destroys itself to create something better then before and he brings us the example of a craft shop that becomes a factory and at the end Thomas Sowell said that capitalism it’s not only an economy system but it is also a form of anti-racism because the money don’t care if you are black or white. However there are also people who think that capitalism is not a good way to produce wealth; for example Al Capone said that it is only the legal way with which the most powerful people steel money from the other men; Karl Marx wrote that this is an occult way to increase the vale of something without reason and so it isn’t good because it’s impossible to control. John Maynard Keynes then said that if we bury the money and then leave that the private company disinter them probably it will be a better deal that capitalism so he gives a completely negative judgment; and Naomi Klein said that capitalism is a succession of crisis that happen every time you make a law to curb the previous crisis. Lastly someone don’t give a positive or negative judgment for example Eric Hoffer explains that also if capitalism brings money and so corruption it will be certainly better of any economic system also if it corrupts the people