Capitalism or consumerism Essay Example | Topics and Well Written Essays - 1500 words

Capitalism or consumerism - Essay ExampleEach has a responsibility to ensure patterned advance and profitability is not at the expense of our societal morality.Before delving more deeply into the issues involved a clear understanding of the principle doctrines surrounding the premise drives to be established. Capitalism is the economic story of a free society. The concept being that private or corporate ownership is a positive principal of it. The success or failure of the company is directly tied to the profitability of the entity. As shekels increase, reinvestment is made put acrossing to increased productivity and company wealth, within which context capitalism naturally leads to a personal stake in the company, regardless of whether it is a privately owned company or a corporation. Ones livelihood is directly tied to its success or failure. When in a cultural climate such as this, success is often perceived as material acquisitions and possessions which may lead to devasta ting consequences. Too often when the goal becomes merely the bottom line the path to achieve it becomes tributary and ethical improprieties become frighteningly commonplace.The second key term to define is consumerism. It appears an innocuous term initially. On the surface it is the societal fueling of capitalism. As the consumer buys, companies profit yielding gain and thereby there is make headway reinvestment of capital. This cyclic compliment of supply and demand defines the free market society. However, when looking deeper into the concept of consumerism it leads to the overwhelming need of the consumer to have, to possess, to buy materialism supersedes actual need. This accepted reality of a capitalistic society results in the disarray of needs versus wants. How these two principles interact has become the center of much habituality. The ethics of American business and the publics demand for materialistic gain comes to the forefront in the