The Corporate American Model Of Capitalism - 1316 Words

Capitalism is good. In reading the articles, it seems scholars are either pro or anti-capitalism. The corporate American model of capitalism is built upon free enterprise and encourages competition. It’s also called the Liberal/Social Democratic model. Our economy, supposedly, encourages and rewards competition and equality. Yet the lack of competition and equality in our economy are issues scholars take aim at the most. George (2013) wrote in his editorial, â€Å"In the United States, income inequality has escalated since the 1970s while millions of workers and their families are suffering the devastation of long-term unemployment or work that is insecure and unstable†¦.That is, the tenets of American corporate capitalism (ACC) might be in contradiction to compassionate organizing. ACC is an ideology that emphasizes, among other things, the pursuit of self-interest, competition, market exchange, consumerism, and using a profit/loss criterion to make decisions in organiz ations (George, J. 2013).† I’m pro-capitalism and I understand the views of those who are anti-capitalism. Capitalism is an economic system which allows private and corporate ownership of capital goods; investments that are controlled and determined by privately owned entities; pricing, production and distribution of goods in a competitive free market. Adam Smith is considered the Father of Capitalism and he described capitalism as a system with an invisible hand that would maintain the markets without governmentShow MoreRelatedCapitalism And Manager s Capitalism Essay800 Words   |  4 PagesJohn Bogle, in his article Democracy in corporate America, defines capitalism in two different ways, owner’s capitalism and manager’s capitalism. 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Too often, capitalist influence dominates the media market throughRead MoreCapitalism And Managers Capitalism1598 Words   |  7 Pages2. (800 Words for Question Two) John Bogle, in his article Democracy in corporate America, defines capitalism in two different ways, owner’s capitalism and manager’s capitalism. According to Bogle, owner’s capitalism is defined with the idea that purpose of a business or corporation is to make a profit. Manager’s capitalism, Bogle notes, is defined by William Pfaff with the idea that â€Å"the corporation came to be run to profit its managers, in complicity if not conspiracy with accountants and theRead MoreAn Essay on Cause and Effect972 Words   |  4 Pagescounterparts (Shelden, Tracy Brown, 2004). Due to these changes, significant changes were implicated on child development, teaching styles and general up bringing andof children along with family lifestyles and traditional ties all around the world. 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