Saturday, April 27, 2019

Is capitalism sustainable Essay Example | Topics and Well Written Essays - 1500 words

Is capitalism sustainable - Essay ExampleThus reduction in these capitals will baksheesh to destruction of the human capital. Contributions of capitalism to the society depend on their profit and growth. Thus the existence of capitalism also leads to reduction in human and accessible capital. With the increasing cost of production and diminishing social values the sustainability of capitalism is reduced. (Heslam 2002).The growth model used by the capitalism seems to be uncertain imputable to its dependence on depleting natural resources. Rapid decline in natural capital will be a challenge to the economic capital. Climate crisis, income disparity, and scarcity of fiscal and social resources in the global deliverance are affecting the sustainability of capitalism. Capitalism has helped the development of financial frame in countries through increased income from investment and employment opportunity to the society. Thus the existence of capitalism is necessary for improvement in society.Sustainability of any system depends on the dynamism procured by it. With step forward vigour, sustainability becomes impossible. Capitalism acquires its energy from the environment through extraction. But it does not go issue consideration for restoring the energy extracted by it. This makes energy reduction in the environment. It is termed as physical entropy. Capitalism is ground on the concept of profit. Without economic benefit, no restoration of energy takes place. Future generations benefits are not the bang of capitalism. It insists on making profit with the resources in the environment. It undertakes only financially profitable activities. Reduction of wastes and pollution carried out by firms depends on the profitability from that process. Individuals self interest is only considered in capitalism. Energy renewal is carried out to support current consumption and restoring of energy for future generations is not considered. Thus, capitalism inescapably disl ocates social energy through weakening the face-to-face relationships in society.In order to ensure maximum economic efficiency, dispassionate and impersonal relationship between people is necessary. For efficient functioning of market economies, competency instead of cooperation is required. In a more productive business environment social relationship gets less time and energy. In a price based marketing there is no place for trust and personal relationship. It reduces the personal relationship in the society. It is termed as disorganization of social energy through devaluation of personal relationships. In capitalism resources from the society are used for making profit. However, there is no consideration for restoring the social capital which is requirement for maintaining effective personal relationships in the society. Investment in the society for the benefit of future generation does not provide any economic incentives for the business capital. Relationship in the capital istic society depends on its financial benefit for them. Investment in social capital is treated as waste of resources in capitalism In an economy people transfigure their resources with other people for mutual benefit. Transformation of physical energy in raw materials with the help of social energy in human resources is carried on in capitalism. It is exchange on the basis of profit. Economic capital takes out energy from natural and social capital. Social and

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