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Capitalism Report Sample

Report : Capitalism

Table of Contents

  • Introduction
  • Discussion
  • Conclusion
  • References

 

Introduction –

 

There is no argument that Capitalism is the best form to create wealth. There are various forms of Capitalism.  According to the forms Capitalism is dependent and it reflects though long term or short term. Due to the “Free market Capitalism” humanity is flourished in many ways. But there are many criticisms involved in the system. According to the Advocates and Critics of Capitalism, it can be considered that due to the distinctive contribution the “Encouragement of Economic Growth” is reflected (Britannica, 2020).  There are many criticism of capitalism. Here in this report three criticisms and the solutions to counteract these problems will be discussed briefly. The impacts of stakeholders also describe in this report.

 

Discussion- 

 

The criticism of capitalism arises due to the various political approaches and philosophical approaches. Apart from that it also included the point of view of socialist, nationalist and anarchist. Here three criticisms are discussed. First criticism is “The unreliability of growth”, second criticism is “The quality of growth” and the third criticism is “Equity”. 

“The Unreliability of Growth” is affected the system of Capitalism. The profit is the reason of the growth of capitalism. Due to the changes of the technology opportunities and social opportunities the growth of capitalism is fluctuated. Due to the fluctuation the stakeholders want new products and new services.  This criticism makes strong impact on the stake holders and their demands. Still this criticism is reflection of unstable growth of capitalism because it affects the process of industrialization, so the firms are not getting success. As a solution it can be considered that the new demand of the stakeholders can be a new path for the firms. Due to the new demand of the products and services the firms have new way for success and growth (steindel, 2018).

“The quality of growth” is the second criticism and it is very effective criticism for the growth of market. This criticism is based on the products and the process of productions. The quality is very important for the working condition of production and the useful products. In this criticism the environment and the division of labour is also included. According to the economist discover new technology and reduce the number of labour can be the one strong reason for the growth of quality. But on the other side the social environment is affected due this decision. The number of stakeholders will reduce. There will be many employees, who will lose their job permanently. This will be affected the society and damage the environment. Still there are argument in the point of view of socialist and economist. Due to the using of advance technology in the firms there are side effects on the society reflected. To increase the quality growth in the market the new advance technology is important along with the labours. This criticism has a lot of arguments but everyone is focused on the growth of capitalism and growth of economy (Mlachila, 2017).  

The third criticism is “Equity”. This criticism is based on the growth of the capital. In this criticism the stakeholders are directly involved because for expanding the wealth and capital distribution of the organization. This criticism has two forms one is general from and other is specific forms. Here the specific form is focused on the disparities in income. This criticism directly involves the stakeholders and their participation. In the year 1995 “the annual report the Federal Reserve Bank of Dallas observed” (Keehn, 1996).

“By definition, there will always be a bottom 20 percent, but only in a strict caste society will it contain the same individuals and families year after year.”

 

The general forms is the included the market, society, the rewards from the market, the participation of the all, the contribution for buying the product other general prospect. According to the critics in the general forms there are few problems are occurred but in the specific forms there are many problems arise. The problems are related to the productive systems and internal issues of stakeholders. There are an argument on this criticism one is related to the growth of economy which is involved the system, the power of employees and all internal conditions. On the other side the second argument is related to the efficient outcomes which mean the result. Due to the quality workers and proper system are reflected on the outcomes. So, to reduce the risks factors the firms need to focus on systems and the internal issues (Candelaria, 2013) .

 

Due to the negative issues and wrong drive the growth of capital is faced many obligations. So, the critics find out the major issues which are the main points. The criticisms are involved the market, the stakeholders, the products, the quality and other important factors. These three criticisms have many arguments at the different point of view. Still due to these few factors the flow of growth is hampered.

 

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The general forms is the included the market, society, the rewards from the market, the participation of the all, the contribution for buying the product other general prospect. According to the critics in the general forms there are few problems are occurred but in the specific forms there are many problems arise. The problems are related to the productive systems and internal issues of stakeholders. There are an argument on this criticism one is related to the growth of economy which is involved the system, the power of employees and all internal conditions. On the other side the second argument is related to the efficient outcomes which mean the result. Due to the quality workers and proper system are reflected on the outcomes. So, to reduce the risks factors the firms need to focus on systems and the internal issues (Candelaria, 2013) .

 

Due to the negative issues and wrong drive the growth of capital is faced many obligations. So, the critics find out the major issues which are the main points. The criticisms are involved the market, the stakeholders, the products, the quality and other important factors. These three criticisms have many arguments at the different point of view. Still due to these few factors the flow of growth is hampered.

Conclusion-

 

Here the report is the reflection of Re- imagining Capitalism. Due to the “Free market Capitalism” humanity is flourished in many ways. But there are many criticisms involved in the system. According to the Advocates and Critics of Capitalism, it can be considered that due to the distinctive contribution the “Encouragement of Economic Growth” is reflected. Criticism of capitalism arises due to the various political approaches and philosophical approaches. Apart from that it also included the point of view of socialist, nationalist and anarchist. Here three criticisms are discussed along with the solutions to counteract these problems will be discussed briefly and the impacts of stakeholders also describe in this report.

 

References

Britannica. (2020). Criticisms-of-capitalism. Retrieved 10 01, 2020, from Britannica: https://www.britannica.com/topic/economic-system/Criticisms-of-capitalism

Candelaria, C. (2013). Equity criticism. Billingual Review , 5 – 10.

Keehn, R. (1996). The annual report of Federal Reserve bank. The business history review , 12- 13.

Mlachila, M. (2017). The quality og growth. Springer , 90 – 100.

steindel, C. (2018). Unreibility of Growth in capitalism. Review of ecomonics an statistics , 50 – 60.

 

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