What are the ends of the capitalistic society?
I am asking this not as an argument for another form of society, rather I am wanting to hear others' serious opinions on the 'results' of capitalism. The purposes of corporations are to increase profits and they are only accountable to their shareholders. Once a corporation maximizes their profits and reaches an unsustainable level of growth or income, they have to resort to cutting benefits, wages, etc. and what we end up with is an economy with a foundation built by service industry jobs, rather than important manufacturing jobs. NAFTA and other free trade agreements are extensions of the policy desired by capitalistic corporations than have an astounding amount of control over our political system. My question is if the corporations' only goal is to increase profits and they don't care how they do it, what are the ends. We are getting closer and closer by the day to financial ruin because of greed. Any ideas?
Asked By: Mr Christopher - 5/31/2009
Best Answer - Chosen by Asker
If by increasing profits you mean providing products and services consumers are willing to buy, then corporations seem to have other motives than merely profit -- like delivering to the market a competitive product and service people value... More
Answered By: Obamanable Faux Man - 5/31/2009
Additional Answers (8)
The end of capitalist society: Barack Hussein Obama.
Answered By: christianpmc2002 - 5/31/2009
Whatever media is telling you this is probably getting part of the stimulus package... More
Answered By: Why? - 5/31/2009
Corporations controlling politicians is scary. Fannie and Freddie were lining the pockets of politicians, which was a huge cause of the crisis. Deregulation of the banks was also a cause, which I'm sure the same garbage was occuring... More
Answered By: Matt C - 5/31/2009
To start.. The government is going to own the car industry, so they will decide what cars are made, what cars we drive... More
Answered By: Angel eyes - 5/31/2009
you are right on the money my man. the end is capital and capital is power. the winners are the bourgouisie and the losers are the proletariat.
Answered By: Trajan - 5/31/2009
what you describe is CORPORATISM not capitalism, government involvement with trade, or any business is NOT capitalism... More
Answered By: me - 5/31/2009
It is human nature to want to maximize profit and minimize risk and is not inherently evil. But I think the US has been a success because of more than capitalism. I think our common morality gained us our strength in the world and I think we're losing our strength because we are losing our morality. But the solution... More
Answered By: ruth - 5/31/2009
The free market system, competitive capitalism, and private enterprise afford the widest opportunity and the highest standards of living for all. Free markets produce more economic growth, more jobs and greater access to goods and services than those systems burdened by excessive government regulation. In essence, the... More
Answered By: Jerry O - 5/31/2009
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