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The Foundation For Capitalism Essay

1394 words - 6 pages

Theory
Freedom is simply the right of an individual to control his or hers own actions, that aids in the development of humanity. As freedom reflects back to capitalism, people within their respective class who obtain money are the individuals who whole heartedly enjoy real freedom. However, is it really considered freedom if there are restrictions attached to one’s freedom?
The simplest things such as the production and distribution of goods and services or even the supply of new technological advancements, are ran and operated by a group or class of people. This group is known as the capitalist class. Those who work to produce and distribute the goods created by the capitalist class ...view middle of the document...

Therefore it is a freedom that hinders free will, placing limitations on the actions of individuals. Positive freedom is the certain extent to which a person determines a course of action or opportunity that allows them to reach their full potential. Positive freedom relates to the struggle of the working class people and the limitation of the capitalists to exploit them.
Some examples would include but not limited to: limiting the hours of work, formation of trade unions, child labor, public health systems, as well as many others. Freedom should have a disclaimer attached which states all of its many restrictions, with “Freedom is not free” as the leading disclaimer. The amount of freedom and individual has is based on two very important factors: the ethical system of society and which class of economic standing the individual is born into. One can only be as free as his economy and society allows him to.
Socialism simply refers to common ownership. The global population as a whole and in common has both access and ownership to the resources of the world. Individuals’ are allowed to own personal goods, but things that are used by a society have common ownership amongst everyone despite social economics status, or SES. Common ownership simply means that everyone will have an equal right to participate in the decision making of how global resources will be used. Everyone in a socialistic society would have the access to goods and services that would meet their needs, and there would not be any system of payment for the work produced.
Each person would contribute their services on a voluntary basis, all in the efforts of producing the goods that everyone would use as a society. This relates to the works of a fraternity. All of the members are not paid to work for their organizations; however the efforts of those members are used to see the continuance of the organizations for years to come.
Communism is similar to that of socialism in the aspect of common ownership. In communism people of a society all receive equal opportunity or share (equally) the benefits of labor within a society. In this formation of communism, rich or poor, black or white are allowed to attain social and financial status equal to that of the middle class. What does this mean for people of a higher class or people of wealth? People of the upper class are lowered to the same financial and economic status of the individuals in the middle class.
The state controls are means of production. So individuals cannot own their own business, cars, homes, etc., because the state owns everything. Placing all the power within the states is an issue for some individuals, as well as upgrading certain class and down grading another. Although communism and socialism share some of the same qualities, they also differ in certain areas.
So how then, do the ideas of Friedman measure up to the real world events displayed throughout? There can be flaws found in Friedman’s arguments more...

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