KPU Economic and Political System Managing Responsibilities Discussion

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kwantlen polytechnic university

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I have Attached Two Questions and They Need To Be Done In 12 Pages. Questions 1 in 8 pages, Question 2 In 4 pages.... So 12 pages In Total. I have Attached Question in the Attached file

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. Reading Assignment Coursepack Unit 3 • Capitalism (Heilbroner) The Nature of Capitalism (Shaw and Barry) Much Land (Tolstoy) Byron Chapter Five Fairness (Justice) Responsible Free Enterprise: What it is and Why We Don't Have It, Teaching Business Ethics, Volume 7, Number 3, August 2003. (author Jim Wishloff) read pages 229-239. . . Handout: Processionary Caterpillars Handout Cases: Made in the USA - Dumped in Brazil, Africa, Iraq ... Hucksters in the Classroom Hand-in Questions: 1) William Shaw and Vincent Barry in their textbook Moral Issues in Business define the essence of the social order of capitalism as being, "using money to make money" (p. 145). An assessment of capitalism so defined -- “the society or civilization that arises when money or capital is taken to be the ultimate end of the dominant institutions(s) of that society” -- yields the following moral criticisms: a) The process of relentless or insatiable capital growth does not fit in a finite world. b) Capitalism breeds oligopolies i.e. it leads to a concentration of economic resources that works against individual freedom. c) It promotes excessive and unfair competition undervaluing and undermining cooperation. d) The means used to gain competitive advantage are ethically questionable: -influence is exerted on governments (to provide, for example, subsidies to business) -responsibility is not accepted for costs external to transactions (eg. pollution) -barriers to entry are put into place (e.g. advertising, restrictive patents) e) Those who do not hold capital are exploited -- i.e. are treated not as ends in themselves, as persons, but as mere means to another's ends. f) It creates false needs and leads to a commodification of culture g) This political/economic system keeps people dependent and does not really achieve universal prosperity -- i.e. wealth is in fact transferred from "have not" individuals and countries to "have" countries. Which, if any, of these criticisms do you feel are warranted and of concern? That is, what do you see happening or what evidence do you know about that would support these criticisms and what makes this a matter we should be concerned about morally? 2) In the case Made in the USA – Dumped in Brazil, Africa, Iraq ... the moral question being raised is, in general, “is it morally right to produce X for exchange and sale in countries other than my own when it has been deemed hazardous in my own country?” The case gives numerous examples of what products are being referred to and the process by which they came to be sold overseas. Answer the general moral question the case raises.
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Managing Responsibilities
Student’s Name
Institutional Affiliation
Course Number And Name
Instructor’s Name
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Managing Responsibilities
Question One
Introduction
Capitalism is a cultural, economic and political system whereby a country's business,
industry, and trade are controlled by a specific group and not the state. Notably, the group is
in for-profit gain and not the welfare of its citizens. The private owners often own large
portions of the property that keeps the country running. Arguably, the U.S is known to be the
leading cultural capitalist country in the contemporary world. Primarily, the U.S economy is
in the hands of a few individuals who give directives on balancing the stock market and the
economy. Nearly all manufacturing, processing, businesses, and organizational firms are
privately owned in the U.S. the primary advantage of capitalism is that it amasses the
generational wealth of a country and stabilizes its economic development.
On the flip side, capitalism has also created a gap between the haves and the have
nots, increased poverty in developing countries, and facilitated questionable ethical
competitive advantages of certain countries. In this regard, the criticisms that are warranted
and of concern in this context incorporate economic systems keeping individuals dependant
and do not achieve universal prosperity, the means used to gain competitive advantage being
ethically questioned, and excessive unfair competition undermining undervaluing other
organizations. Thus, this paper provides a comprehensive analysis of managing
responsibilities while emphasizing capitalism and the criticisms that raise concerns named in
the context above.
Economic Systems Keeping Individuals Dependent And Does Not Achieve Universal
Prosperity

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Understanding capitalism and its framework should be a public discourse in the
contemporary world. Perceiving the narrative as an intellectual initiative limits most
government systems' renewal while the gap between the affected majority and those designing
political, business, and market policies (Ali, 2016). The widespread of capitalism facilitating
free competition, free choice, and private property had cultivated global capitalism. It is a fact
that global capitalism has widened economic opportunities and development; however, the
narrative has also facilitated the massive exploitation of natural resources from other countries
(Heilbroner, 1987). According to Ali (2016), capitalism does not benefit individuals equally,
and most developed countries have taken advantage of developing countries. Developed
countries have developed the self-interest guided by survival for the fittest narrative that
increases competitiveness and exploitation of natural resources. Arguably, the narrative
mentioned above has widened the gap between society and businesses. For instance, the
Democratic Republic of Congo is rich in minerals; however, its economic growth is impaired
due to natural resource exploitation. Most of their resources are taken to developed countries
(Ali, 2016).
Countries such as Haiti, Iraq, Somalia, and Libya have experienced the wrath of
capitalism because they have resources. Somalia. Libya and Iraq are rich in oil; however,
capitalism has disorganized the countries' economic development from a broader perspective
(Ali, 2016). Allegedly the U.S is responsible for oil mining in both countries leading to dry oil
wells. Many countries in Africa have not experienced meaningful growth for decades due to
instances of capitalism in Africa. As an example, Ghana has achieved phenomenal economic
growth due to its natural resources; however, the country has experienced a massive brain
drain due to the transfer of workers being poached by developed countries for greener

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pastures. By 2015 Ghana's GDP declined from 14% to 4% due to a lack of skilled personnel
and an increase in youth unemployment. After continuous exploitation in Ghana by other
countries, the businesses started folding up and laying off workers to save money, leading to a
decline of Ghana's GDP named in the context above (Ali, 2016).
Notably, the evidence stated in the context above shows that economic systems keep
people dependant and do not support universal prosperity from a broader perspective. The
evidence of the above criticism warrants concerns because the gap between the haves and the
have nots widens daily (Gilpin, 2018). The evidence supports the criticism above because
there is a decline in economic development from developing countries, especially in Africa.
The criticism raises concerns since there is overexploitation of natural resources in developing
countries and the transfer of wealth from the haves and the have nots (Heilbroner, 1987). For
instance, the alleged perception of oil mining by the U.S in Iraq, Libya, and Somalia that is in
turn transferred to the U.S is a perfect reflection of wealth transfer from the haves, and the
have nots. Morally countries should be concerned about the above-mentioned matter because
capitalism does not seek their citizens' interest, and the resources acquired by the haves are
not shared equally. Countries should be concerned morally because capitalism undermines
their development growth capabilities and management practices in their business and
organizations. Morally, individ...


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