When the government is involved, a nation can reach its full potential, but without government control, societies are destined for corruption. Without having rules and regulations that the government sets, a capitalist society would quickly become overrun with greed, which would eventually lead to destruction. This has been demonstrated by the stock market crash. In the 1920’s, American capitalists had complete freedom and no regulations to follow. The strength of the economy encouraged Americans to take out more loans and buy more stocks, making them susceptible to future changes in the economy.
He illustrates that the mercy of helping many people may make catastrophes occur. In addition, the author highlights that prosperity people gaining is the exchange of dwindling of the natural resources from the earth. Moreover, he uses the yearly increasing population as an example implying that people should not share the resource to the poor people. Hardin identifies that the population in the poor countries is a huge global problem because the reproduction isn’t under control of the government. He logically acknowledges that mutual ruin will occur inevitably because people would like to share resources with others for being humane.
1) IT outsourcing of Perot Systems Inc., which was founded by Ross Perot in1992 would lead to a "giant sucking sound" of U.S. jobs over the border, is operating in a way similar to many outsourcing firms and is increasing use of overseas labor. Indeed, it has significantly affected unemployement in us with the company going to look for cheaper workers principally in India. Furthermore, it created a break in prices which led to a quasi monopoly for a specific period of time wi the consequences of killing the competition. 2) In the beginning of the decade the IT department has suffered from unsufficient founding. Indeed, compared to other departments the IT one received significantly less funds what did not enable it to develop at the same pace of other departments first and created a marginalisation of the IT department what might be deeply prejudicable to the company.
Libertarianism is an extreme laissez-faire political philosophy advocating only minimal state intervention in the lives of citizens. Since the 1970s Libertarians see themselves as part of the conservative movement as it is linked with supporters of free-market capitalism. On the other hand Libertarianism is also known as anarcho-capitalism which is associated strongly to the left wing of the political spectrum; this is understandable as the anarchist goal is freedom, liberty, and the ending of all hierarchical and authoritarian institutions and social relations. Libertarians believe that each person owns his own life and property, and has the right to make his own choices as to how he lives his life, as long as he simply respects the same right of others to do the same. Although libertarians do not advocate the abolition of the state they insist that the state restricts individual’s freedom and therefore its functions should be minimalized.
Individuals that support this are ecologists and believe that a nation that doesn’t maintain a proper food-to-population ration shouldn’t be helped. Pojman cites Garrett Hardin with three of his metaphors. From the way that Pojman explains his rational of Hardin’s ideas from “Lifeboat” are contradictory. As he puts “Lifeboat” obscures the point that we have/do profit from third world economic conditions. Next with Liberalism, we have the duty to help.
However, other factors such as: people power, role of the Pope, Gorbachev and Reagan must not be overlooked - as mentioned by Williamson ‘breaking the Soviet economy was a lobby not a strategy.’ By 1980’s it was evident that Eastern Europe was unable to compete with the West in terms of industrial production or arms, as the ‘Soviet bloc was suffering a steady economic, ideological, moral and cultural decline.’ (Williamson source 10) The decline of the Soviet Union was due to ‘its own economic inefficiencies and inability to match the West’s economic growth,’ Williamson highlights the economic pressures USSR faced and therefore backs up the statement that the war came to an end as a result of this. As picked up by McMahon (source 12) ‘vowed to remove Soviet troops from Afghanistan’ this implies that the war was an additional cost and hence a further economic burden. Additionally, the final straw in terms of economic pressures was Reagan’s SDI, this ultimately was the tipping point which pushed USSR to its edge and it was unable to match defence spending- leaving it no choice but to call an end to the war. Williamson stresses this point: ’developing the SDI, Reagan challenged the USSR… it simply could not keep pace’ therefore economic pressure was a major factor
To give context, Dalmia disagrees with the conflict theorist perspective proposed by Grusky regarding income inequality. Dalmia points out “Any indictment of capitalism worth its salt has to show not just that the rich are getting richer, but that they do so by making the poor poorer... Facebook recently floated an IPO making Mark Zuckerberg the richest 27-year-old in America. I didn’t notice my bank balance dip”. Many libertarians like Dalmia view income inequality as a social condition, rather than a social problem. As discussed in lecture this is an important distinction.
Capitalism vs. Environment Many people believe that capitalism is the American way; excepting the ideal that the all mighty dollar is what is most important for this world’s survival. Though that may be true for the economy, others like Gus Speth, believe that most environmental deterioration is a result of systematic failures of the capitalism we have today. (1:Gus Speth:“Capitalism vs environment: Time to take sides” ) Whatever the case may be, neither is going away, yet both seem to be dwindling. One might say their demise even go hand in hand Looking at an environmentalist point of view, the environment is becoming decrepit and our natural resources are dwindling due to the effects of the ever so “evil” capitalistic mindset of this world.
The west has forced the world to organize themselves into nation-states. Boff then goes on to say that there are three factors that have made globalization into a reality that can’t be ignored; the communication process, the threat of nuclear destruction, and concern about the ecology of the earth. This process of globalization is attacking nature, with the industrial development by the human race we have used much of non-renewable resources and caused a gigantic deterioration in the quality of life for all life forms. Liberation theology has asked where do the poor fit into the globalization process? From an economic point of view globalization only responds to the needs of capital, whereby the acquisition of profit and maximizing income are
Many may argue that the falling economy and the wealthy not wanting to share their shares is to blame for the raising rates of poverty here in the states. Poverty of course, has a lot to do with money and income but underneath that it is has a deeper story. Stories of how different people are suffering from it and how they are managing to live day by day. It almost seems as if it’s a foreign nation of its own and you only understand the concepts if you are in it. There is no doubt that here in America we are dealing with one of the greatest economic downfalls.