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Greed – An Examination Of Its Role In The Destruction Of Humanity

2224 words - 9 pages

"We're living to die", this is a bold statement, but nonetheless, it is true. Most people wonder how their life is going to end, but sadly, for most youth today, it will be due to age. Using the combination of technological advancement, and the natural corruption of humans, society has set into motion "the beginning of the end". Examples that reinforce this statement are the: countless wars fought over raw materials such as oil and diamonds, the selling of weapons by the military, and society's contribution as a whole to global warming, the list goes on. What is common about all of these issues is that human desire for wealth made them all into concerns. If money were not a factor, people would not exploit the planet and its population for a "quick buck". Therefore, because of the greed associated with it, capitalism has failed humanity. As an alternative solution, socialism is the most viable substitute for capitalism. This is because it takes the greed component away from the free market. In socialism, the government controls all business. In this essay, I will analyze the theories of capitalism and socialism. I will do this by referring to laissez-faire, and the ideas proposed by Adam Smith. I will also refer to the theories of Karl Marx and others regarding the topic of socialism. From this information, I will dispute the good and bad aspects of both economic and political theories, and finally, I will argue that because of greed, capitalism exploits and alienates humanity for profit.Most scholars believe that capitalism emerged during the time of mercantilism (Wallerstein., Kimmel 1982). What differentiated these economic and political theories however was the term laissez-faire (Simley., Knes 2006). This meant "to have limited, or no government interference in economic affairs beyond the minimum necessary for peace and property rights" (Merriam-Webster 2006). It is a term associated with capitalism, and was "coined" by French economists in the eighteenth century (Simley., Knes 2006). The reason for this theory was to "replace the old economic system of tariffs and trade restrictions that were common with mercantilism" (Simley., Knes 2006). From laissez-faire, capitalism evolved into what it is today, an economic and political theory in which the capitalist must "make, or at least maintain or retain their profits in order to be successful" (Simley., Knes 2006). Thus, a new system was born in which motivation came from monetary profit.This system became widely circulated in 1776 when Adam Smith, a Scottish political economist published the book "Wealth of Nations" (Simley., Knes 2006). This book was the first publication of modern economics, in it; Adam Smith explained, "[T]he wealth of a nation is measured in the number and variety of consumable goods that it is able to produce for sales or trade" (Simley., Knes 2006). Adam Smith also indicated that people produced and sold consumable goods in response to the needs of the public (Simley.,...

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