One of the most significant criticisms that capitalism has faced is that it has destroyed culture. The question being asked is whether it is right to allow this destruction of culture for economic benefits. It becomes a cause of concern if this question comes from political observers as well. Most people today support open and …
Often, we don’t think about the generations yet to come when we talk about the recent crises. We don’t know how long humanity will continue to exist on this planet. This is because there are certain existential risks that can wipe out the entire human race. However, not everyone has shown such ignorance. Nostradamus and …
Humanity is in the middle of a great transition at the moment. Our natural surroundings, our society, and our economy are all going through significant changes. We are gradually realizing how important nature is for us. Many capitalists are also beginning to realize that being in harmony with nature is necessary for their long-term existence. …
Hannah Arendt, an author and political philosopher, had warned everyone about the effects of technological advancements. She had, in a way, prophesied how humans could use them to consume the world. In recent times, we’re experiencing mass consumption and seeing the truth in Arendt’s words. Consumerism is a socio-economic behaviour of consuming beyond the needs …
Under federal law, the native Indian tribes of America are considered sovereign nations. They have settled on reservations located within the borders of a state. These tribes have been given more control over their activities for economic development. However, some began operating gaming facilities over a period of time. Such establishments have come under conflict …
For a couple of centuries, capitalism has progressed to a great extent by exploiting the environment. Nature has been seen as an inexhaustible resource by many of the capitalists. On the other hand, they’ve also treated nature as a dumping ground. Today, our planet’s ability to endure this destructive progress of capitalism is slowly reaching …
How Capitalism is Gradually Destroying the Environment Read More »
Capitalism is a system of economic organization. In this system, private ownership of property, free enterprise, and competition prevail. Goods and services are distributed among the buyers based on their ability to pay. When the demand is high, prices would increase for more profit. New firms also enter into the industry upon sensing the existing …
