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Explicate the overall thesis's of Robert Kuttner's, Everything for Sale, and Daniel Bell's, The Cultural Contradictio - Admission/Application Essay Example

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Robert Kuttner’s “Everything for Sale” One of the key arguments or rather myths which have been shattered by Kuttner in his book “Everything for Sale” is that markets works and government intervention fail to correct market failure. Kuttner basically argues that mixed economy in which government intervenes is not only necessary for the economy but for creation of a decent civil society also…
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Explicate the overall thesiss of Robert Kuttners, Everything for Sale, and Daniel Bells, The Cultural Contradictio
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Extract of sample "Explicate the overall thesis's of Robert Kuttner's, Everything for Sale, and Daniel Bell's, The Cultural Contradictio"

Download file to see previous pages (Lemann, 1997)  Daniel Bell's “The Cultural Contradictions of Capitalism” Daniel Bell’s book is based upon arguments that rather than creating individualism, modern capitalism has created a strong culture of standardization. Rather than focusing on creating individualism, modern capitalism has created stronger corporate bureaucracies which are as powerful as Church and state bureaucracies were. According to Bell, this culture created by Capitalism raises the need for personal gratification for those who are successful and resultantly may not be good for overall work ethics in the society. Ultimately, this culture will invariably hurt the same work ethics which were responsible for the success of capitalism in first place. Bell argues that capitalism’s very fundamental ethics has now turned against itself and there is an inherent contradiction within capitalism now. (Liu, 2010) Compare and Contrast One of the key assumptions of both the books is the capitalist system as a supreme form of economic organization. By forming a consensus on the assumption that capitalism provides best form of economic organization in human society, both the others argue about the instances or issues where markets have basically failed to deliver what was perceived from them. Both the authors argue that as capitalism is heading ahead, it is creating a society which may not be health and constructive society because it tend to create wider level of shift into the same ideologies based on which it was founded. Both the authors however disagree on the point of intervention in the market. Kuttner views large role of government in correcting the situation however, Bell only suggests that it is the culture which emerged as a result of the rise of capitalism is creating these wider level ethical dilemmas in capitalist society. Bell’s arguments however, are historically rooted into the Protestant roots of capitalism and how the early writers and theorists focused upon amalgamating individual aspects of human life with the capitalism. This argument may not be relatively plausible because capitalism ultimately is a form of human organization and is based upon the notion of competition. In pursuit of competition, the erosion of moral and individual values may be one of the unwanted consequences. Kuttner has also restricted his arguments on the role of government and how it can critically subdue the structures created by markets. Criticism One of the common differentiating points between two essays is the role of government and how it can intervene into it to correct the situations where markets fail. Both suggest that it is the government which can actually overthrow the unwanted consequences of market. The overreaching of market institutions can be improved if government can intervene however, both the authors have basically failed to take into account the inefficiencies and inherent weaknesses of the government itself. Both the works have been criticized on the pretext that government can have its own limitations and therefore leaving market corrections to the government may further worsen the situation rather than correcting it. The basic argument therefore is to let the markets work on their own rather than intervening into them either ...Download file to see next pagesRead More
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