A Second Slice of Pie
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ESSAY DETAILS
Words: 1301
Pages: 5
(approximately 235 words/page)
Pages: 5
(approximately 235 words/page)
Essay Database > Law & Government > Government & Politics
One of the most common complaints about capitalism is that it is inherently unfair. That the operation of an unrestrained, free market will inevitably lead to iniquity, and a great disparity in outcomes. Complaints usually proceed along the lines of - "the rich get richer, and the poor just keep getting poorer". Thus, government intervention is appealed to as protection against the vagaries and unfairness of free market forces. Arguments against unrestricted capitalism include charges
showed first 75 words of 1301 total
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showed first 75 words of 1301 total
showed last 75 words of 1301 total
promote an end which was no part of his intention. By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it." Hence, the underlying principle of capitalism is that if every individual is free to pursue his own economic interest, far from fighting over a piece of a fixed pie, their actions will actually increase the size of the pie! Second helpings all round!
promote an end which was no part of his intention. By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it." Hence, the underlying principle of capitalism is that if every individual is free to pursue his own economic interest, far from fighting over a piece of a fixed pie, their actions will actually increase the size of the pie! Second helpings all round!