Capitalism and The Role of Business in Society

1
Capitalism and The Role of Business in Society

• Ideas of Business
• Ideas of Ethics
• Ideas of Society
• Ideas of Capitalism
• Ideas of Socialism
• Ideas of Communism
• Role of Business in Each Economic System
• Contradiction of Capitalism and Ethics in Society
  
• Conclusion

2
Ideas of Business

• Activity being concerned with the supplying and
  distribution of products
• In the most efficient manner
• Benefiting Society
• Not causing harm to Society

3
Ideas of Ethics

• Ethics are a set of moral principles or values
• system of moral values, moralistic, noble,
  principled, righteous, right-minded, and
  virtuous.
• The Golden Rule"Do unto others, as you want them
  to do unto you."

4
Ideas of Society

• Society is a group of people who have connection
  with each other and affect each others lives.

5
Capitalism

• Principle of individual rights
• Laissez-faire
• Little government control of business

6
Socialism

• Governmental ownership of businesses
• no private property
• socialism the government gains control gradually

7
Communism

• single authoritarian party controls
• arrangement in which goods are owned in a public
  manner

8
Social Roles of Different Economic Systems

• Capitalism
• Socialism
• Communism

9
Social Role of Capitalism

• More Individual over Society
• Individual Entrepreneurship
• Often people outside of the society are taken
  advantage of.

10
Social Role of Socialism

• Public ownership covers only a section of the
  productive resources
• Changes are made through legal methods the
  people vote to make changes
• The government gives compensation to the owners
  of the property taken for public use

11
Social Role of Communism

• government is in control of all the productive
  resources
• government seizes private property it does not
  give any compensation to the owners for their
  loss
• http//www.usd.edu/honors/HWB/hwb_l/comvssoc.htm

12
Problems with Communism and Socialism

• Often run by Dictator
• Often abuse human rights e.g. China

13
Different Economical Structured Countries
14
Contradiction of Capitalism and Ethics in Society

• charts.pdf
• NCPA - Economic Issues - Number Of Millionaires
  Is On The Rise.htm
• Capitalism is only profitable for those who are
  successful
• Why do certain human beings live a more enjoyable
  life, or at least more comfortable.
• Survival of the fittest. Which is used to ensure
  a species of animal survives.
• The human race is most likely set in our
  population.
• How can one person possibly be doing so much more
  work than another person e.g. Bill
  Gates-makes millions a day
• The amount of work done and monetary value given
  to it is skewed.

15
Conclusion

• Individualism is important
• But remember society is just as much if not more
• If the overall society is healthy then the
  individuals within the society will be happy
• If only individuals are concentrated on then you
  risk the overall well being of the society
• With increasing globalization, communication, and
  international relations we have to be more aware
  of society being the idea of the world as a whole
  not one country.