It seems to me that any weaknesses that the American capitalist-based market system has is outweighed by it's ability to hold closer to the principles that this nation is founded on; namely maximizing liberty. While the main problem with these free, market economies is that it is certainly true that not everybody can or will succeed. However, the large majority of the people have equal opportunity to succeed, which is much more fair then other nations and economies throughout history.
Another reason I believe the American capitalist system is more effective than other forms of economic systems is the vast competition it provides in almost all areas of the market. In command or socialist economies there is not much need to compete with anybody else, consumers would have little to no choice in their economic decisions, and therefore there is not much need to improve various goods and services for the people. Whereas in our system, the large competition that it present drives forward entrepreneurship and improves more technology, medicine, etc. Which in turn makes the vast majority of the population more happy.
When involving services to the public such as health-care, is it morally acceptable to do these things for a profit motive?
No comments:
Post a Comment