Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

in 50 words, respond to the following peer discussion: Capitalist system advantages and disadvantages both lie in self-centeredness. A capitalist system promotes individual opportunity and

in 50 words, respond to the following peer discussion: Capitalist system advantages and disadvantages both lie in self-centeredness. A capitalist system promotes individual opportunity and gain. In our capitalist society, one can take the initiative and achieve almost any result they desire. The major downside to capitalism is that individuals are always seeking to further their own desires and positions in competition with others. We are missing the mark in considering the benefit of the world or society. I don't think there is a perfect system because we humans will always find a way to fail and come up short. I believe virtue should play a much larger role in economics. I don't know if there is a balance to be had about money/profit/wages regarding virtue-driven economics versus capitalism (self-centered motives). Seeking God's virtue would require one to avoid the idolatry of money, and this is difficult in a capitalist society. When we focus too much on ourselves, we lose sight of the greater good, and this greater good involves everyone

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Foundations of Business

Authors: William M. Pride, Robert J. Hughes, Jack R. Kapoor

6th edition

1337386928, 9781337670975 , 978-1337386920

More Books

Students also viewed these Economics questions

Question

What are closing entries, and what is their purpose?

Answered: 1 week ago

Question

1. Why do we trust one type of information more than another?

Answered: 1 week ago