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To what extent should a modern, Capitalist society be organised according to individualist : rather than collectivist : valu
Pages 6 (1506 words)
Modern societies have engendered the development of privatization, which tends to empower self rather than transcending being with ultimate authority; therefore, this stresses individualistic values of freedom and self-assertion while pre-modern approaches are associated with communal structures.
Therefore, culture directly relates to institution because cultures like the formal legal institutions impose constraints on individual behaviour; however, recent work on culture emphasizes the contrast between generalized and limited morality. Generalized morality means that individuals support various set of norms valid for all citizens in any society, without eliminating any group of people thus opportunistic and amoral behaviour is regarded as morally acceptable and justified. Recent works on individualism and collectivism cultural dimensions have essential and robust causal effect on innovation and long-term growth and found that cultural dimensions never correlate to individualism and collectivism do not have long-term effect on growth. Individualist culture rewards social status of an individual’s accomplishments like essential discoveries, humanitarian achievements, technological advances, great artistic accomplishments and other actions that make a person stand out. Collectivism emphasises collection of individuals in large groups that encourage conformity and discourage people from dissenting and standing out. ...
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