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Reflection paper - Essay Example

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With respect to capitalism, private possession is viewed a relatively basic need that voluntarily aids in the fulfillment of the desires of a society’s requirements rather than being merely in conflict with it. In analyzing the capital dimensions, there is a need fully to…
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Reflection paper
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Reflection paper

Download file to see previous pages... Unfortunately, without any consideration on the possible consequences that such an action or decision may have on the society as a whole.
The chapter tries to outline the adverse impacts that a capitalist society has on the development of the entire community, whilst negatively getting biased towards such an economic system. To help create the picture of the situation, three persons are used, A, B and C, who put their funds in a use that best suits them. The example of landholding, whereby A leases its holdings to B. if checked into considerably, the after effect on the society mainly depends on the actual purpose that the ultimate user of the property puts it into. In other words, the output of the property determines its usefulness to the society in a capitalistic system.
A property may be leased out or sold from one individual to the next, say A to B. for A, they shall have gotten the value worth their property, hence not suffered any loss. However, the problem remains in the sense that the ultimate output of the property is rolled to the society. In the case of A, the society benefits depending on the use to which they put the property. If they, for instance, decide to squander the money accrued in the sale or lease of the property, it remains up to the society.
Another problem falls on person B, who has bought the property. They may have it channeled in a use that is beneficial to them, or worse still, have it put in an investment that may be considered unproductive. For example, say B has a series of employees, who manage their property. If the employees choose to rip him of the property or divert the usage, the loss shall have been suffered by him, yet the eventual loss stills fall on the community.
In a capitalist society, the government also falls a victim of blame depending on the use to which its various assets and revenues are put. To help outline the precept from the perspective of the ...Download file to see next pagesRead More
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