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The social atmosphere of capitalism - Book Report/Review Example

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The social atmosphere of capitalism

Capitalism creates a scenario where the profit inefficiencies dominates it, such that it turns against the whole society, pushing the poor to fix their hope on their great-grandchildren other than themselves, making the unemployed forget their personal fate and the politicians down their ambition (Schumpeter, 147). This end up creating a long run scenario where the upper class of the society remains the only important thing, and thus everybody else has to look upon that class. Thus, to overcome the social order disruptions created by capitalism, active hostility has to be nurtured to eventually turn into consistent attitudes and actions that will overcome capitalism (Schumpeter, 152).
The author’s main argument is that capitalism is a social concept that begins with rational thinking of the society (Schumpeter, 145). However, the interests and impulses of capitalism eventually overrides those of rational thinking, pushing every other aspect of the society aside, and only concentrating on the generation of profits. While working towards generating profits, many inefficiencies occurs that damages the social order, since the capitalists no longer care for anything else, other than advancing their interests. This ends up frustrating the hopes of the poor, the unemployed and the politicians, who stops focusing on their welfare and starts looking upon the upper class of the society that has created immense wealth though capitalism.

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Summary

Capitalism has brought about an atmosphere of hostility to its own social order, in a manner that is striking to the extent that the Marxist theory cannot explain. This calls for the development of a theory that can explain how capitalism has created this air of hostility to the social order. …
The social atmosphere of capitalism
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