Document Type

Project

Publication Date

Winter 1995

Keywords

Free market, Capitalist economies, Socially responsible capitalism

Abstract

Free market, capitalist ideology is increasingly becoming the basis of the world economy. Over the past century the economic system of capitalism has proven to be highly effective and profitable, creating wealth and increasing productivity levels. However, the capitalist imperative to maximize profits is often accomplished at the expense of countless social and environmental factors. The ruling forces of capitalism that drive industry to be more efficient, more profitable, and expand to new markets, have left environmental degradation, cyclical poverty and hunger, as well as social strife in the wake of productivity. The social needs of many employees, including decent wages, job security, open hiring policies and support services are often lost in the quest for profit. Simultaneously, employees regularly become the scapegoats and suffer layoffs, lowered wages and/or benefits and increased work hours when production doesn't meet goals.

Department

Political Science

Subjects - Topical (LCSH)

Capitalism--Social aspects; Capitalism--Environmental aspects; Social responsibility of business; Environmental degradation--Economic aspects

Genre/Form

student projects; term papers

Type

Text

Rights

Copying of this document in whole or in part is allowable only for scholarly purposes. It is understood, however, that any copying or publication of this document for commercial purposes, or for financial gain, shall not be allowed without the author’s written permission.

Rights Statement

http://rightsstatements.org/vocab/InC/1.0/

Language

English

Format

application/pdf

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