“Capitalism is good??”
“Kittens are soft.”
As you read the title of this post, you were probably thinking one of these things. Yes, kittens are soft. Yes, capitalism does indeed have good aspects. Having explored a lot of the negative side, I’d like to expose you all to a little bit of a different view.
The main negative point that I have reinforced is the effect of capitalism on the common man. Now, here’s a bit of detail on capitalism on the population as a whole.
One of the biggest, most valuable effects brought upon us by capitalism is democracy. There is a correlation between countries that have accepted capitalism and countries that have a democratic government. Here I’d like to delve into some more detail:
Capitalism causes there to be a large middle class strife to move up in the hierarchy. With this happening, this middle class works completely immersed in the system so as to move up. Due to this, the majority of the citizens are invested in the structure of government and rules. Since they have much more at stake and also much more to gain, a lot of the effort on the part of the citizens is focused on having a stable government and thus democracy is born and reinforced since it is not mutually exclusive with capitalism.
Another major positive effect of capitalism I’d like to point out is capitalism’s aid in the flow of progressive ideas. This is an issue that has shown up in various comments and I think it’s a key component. The competitive nature of capitalism causes people to come up with many new ideas. Even though capitalism may not be the only reason that these ideas are thought of, capitalism does allow an incentive to be present for new, progressive thinking.
So there you have it, capitalism has its ups. However, the purpose of this post wasn’t to express changed views; it was to explore the other side. The publicized side.