Conservatives argue that if a society is organic, there will be a 'natural aristocracy' (Burke). This is the idea that some people are born with the talents and abilities to lead society, while others do not. These people will lead and shape society. This could be said to lead to a natural inequality. However, conservatives argue that this is fair, as those who shoulder mores responsibility in society should be repaid more in terms of wealth than someone with less responsibility.
The neo liberals also believe that there should be minimal state but in an economic sense, and this is in order to allow capitalism to flourish without excessive restraints and laws imposed on business, and this is to encourage competition in the market to improve efficiency and profit. So in terms of their view on a strong, but minimal role of the state they differ on the reasons for support but it implies they are internally coherent. However, the New Right could be said to be internally divided in the sense that there is conflict between the ideas of society. Neo-liberals
In the past, present, and future, citizens all over the world live with different types of economic systems such as communist, socialist, and free enterprise. Numerous people would say that socialism and communism are inadequate economic systems compared to free enterprise. Since some people are unfamiliar about the dictated areas, people would assume that individuals don’t live a good life, but it’s not true. The free enterprise system creates one of the abominable lifestyles because there are extremely rich or poor people. As a result, socialism is the superior compared to other systems.
Weber believed it was linked to the type of job people could get, Weber thought differently to Marx about this, as marx believed it was due to owning factories or other resources, and weber thought it was due to skills and qualifications. Weber’s idea of class influenced the ideas of other sociologists, such as goldthorpe (1980). Goldthorpe derived a stratification scale which includes the Weberian concept of market position. This was felt by sociologists to be a more accurate technique of studying stratification, as a pose to just studying peoples jobs. Weber was skeptical about the possibility of the working class bonding together for revolutionary purposes, for example becoming class-conscious because of differences in status would always undermine any common cause.
Neoliberalism is a slippery contemporary term used to describe free market capitalism whose proponents believe first and foremost in an individual’s or a corporation’s rights to make profits. It is an outgrowth of the term liberalism, which is confusing because we associate liberalism with the promotion of enlightened individual rights and social wellness. Conversely, neoliberals are aggressive traders who feel government should not interfere with trade. This attitude is generally regarded to be prevalent among the Latin and South American governments. In the fairly recent past, different labels used to be enough to designate right wing thinking.
Marxists also believe that the capitalist system creates laws that are seen to favour the working class and make them think the system is fair and just, however, these are only put in place to appease the subject class and give the appearance of fairness. Marxists also recognise that crime happens across all social sections, and they challenge the view that crime is a working class phenomenon. This take on crime can be criticised because there is too much emphasis on class inequalities in policing and law enforcement, they fail to recognise racial discrimination within crime. In addition this theory is also very deterministic, believing that criminals are driven to crime as victims of the capitalist system, and for also believing that all the working class in a capitalist society commits crime, for example Japan is a capitalist society but they have very low crime rates, this opposes the view of the Marxists. Further criticisms come from the Left Realists, they say that most of the working class crime is not committed against the state as the
Of course, those already in power bitterly resent this; that is why there is such a strong anti-democratic streak in wealthy conservatives and business owners. They complain that democracy allows the poor to legally steal from the rich. (Liberals counter that unregulated capitalism allows the rich to exploit and therefore steal from the poor, and taxes simply correct for that.) But democracy also works in the other direction as well. If we lived in a society where everyone was paid equally, despite their different inputs, people would surely vote to create a system of incentives and rewards.
Power and wealth should not be distributed equally in a society, this is why capitalism is a more effective system. It is against human nature for everyone to be equal, and people who worked harder than others should be rewarded accordingly. A classless society is not a realistic society. This would only work in a perfect society, and such society has never existed. In theory, communism may sound as an appealing form of government.
As John Verdant introduces two families with similar economic conditions but completely different values, it is not difficult to find out that the family believes having more actually harms themselves (Verdant, 152-155). I believe people who are less obsessed with consumerism would have a better living standards if they were living in a society with scarce materials. However, those people who are obsessed with consumerism would be willing to conduct some unethical things in order to gain self-interested benefits. On the other hand, nowadays thrift is a way of showing a person is well-educated and money-conscious. In fact thrift is highly valued in many Asian countries’ value systems.
A country can be a capital (or labor)-abundant nations and labor (or capital)-scarce nations which consider their comparative advantage in technologies, input productivity, and wages of labor. Free trade can bring a lot of advantage to us; however, it does not apply in real world. Tariff and non-tariff are the tools that use to trade protection or prevent the economy from undergoing adjustment during economic stagnation. Although tariff and other restriction can concede the economic losses and using resource with less efficiency, but protectionism argue that non-economic benefit such as a national security can more than offset those economic losses. Normally trade protection is use to secure domestic industry and labor union’s economy welfare.