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Capitalism: Ethical Issues Regarding Economic Justice - Essay Example

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Capitalism: Ethical Issues Regarding Economic Justice

This essay concerns the problem of economic justice under the capitalistic market system.
Democratic capitalism has three combinations, namely economy of the free market and economy, a self-ruled policy and a classical liberal moral-cultural system that boost diversity. The open market enables free supply and demand relationship and promotes economic growth. Political liberty allows for the inclusion of both individuals and groups to be represented in the constitutional system of government. Under this system, associations such as corporations and groups are formed freely. Individuals are recognized politically based on their opinion and interest, and encourage one another on how to achieve identified interest.
Democratic capitalism can weaken political democracy. Political leaders who practice capitalism will directly influence the outcome of the results in a way that favors their personal interest. This is done through a corrupt deal, for an instant those who can have access to corporate dollar will use their due advantage to engage in a shady deal to get more dollars of their own, at the expense of those with few or no dollars
Due to financial command the outcome of the result will favor them; this shows no justice at all to young politicians with a brilliant mind but no financial power. Capitalism should be one that allows one’s effort, sacrifice, and transparency in all aspects that ensures that an individual obtains good results. In such cases, the society will be regarded as just and observes the rule of law ...Show more
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Summary

This essay talks about the importance of fair resolution of the ethical issues in ensuring economic justice in the society Ethical issues are the crucial situation that individuals or organization faces and requires options to be considered…
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