In the paper “Economic and Moral Devastation” the author provides a brief elaboration of the Bellum era to offer the readers an insight about the key elements of that period. He argues that capitalism would not only be beneficial but essential for the future progress of the race…
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Your long introductory paragraph is informative, but your topical statement in the opening remarks does not give a hint of the elaborative content that readers stumble upon through the paragraph. The mention of the period in question gives us a historical background. However, I would suggest an inclusion of characters in the society other than the Populist Party that raised the alarm on the possible outcomes of the changes that were being noticed. Failure to mention Karl Marx is a great injustice to your essay given he was in the front line while advocating against capitalism. As seen in his work, he was against the idea of exploitation of laborers and peasants to generate wealth for just a few in the society. In his work, he asserts that the state had allowed few characters to accumulate capital “by increasing the degree of exploitation of labor”. Marx addresses the concerns of your essay better as he sees how the capitalists take advantage of the proletarians and turn their blood and sweat to their wealth. It even hurts to realize that labor does not fetch as much as before as its supply is plenty. As Mooney notices, “their high wages were gone for good”.I find your essay address those elements that came with capitalism, but it again falls short of expectation when you downplay the rise of social classes. The United States had become conscious of classes, and the working class was the latest development back then. As you use the Populist Party as your pillar in examining the morality of capitalism.
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The author asks the question if the large gap between poor and wealthy can destroy capitalism. He divides it into several parts: (1) if the gap between poor and wealthy destroys capitalism; (2) if democratic capitalism represents reliable system; (3) if the gap between rich and poor destroys democratic capitalism in Europe.
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