Is capitalism really that bad? When you come to think of it – no, certainly not! How can we blame capitalism for all that’s wrong in the world, when clearly capitalist states are the heralds of progress, prosperity, and modernity. Don’t people, living in capitalist societies, have higher living standards, a greater access to education, a wider variety of careers to choose from? Isn’t our culture enriched by capitalism with its neverending demand for discovering something new?
Well, the critics of capitalism would definitely disagree with my optimistic and slightly naive view on capitalism. They would instead argue that capitalism kills culture with its impetus to gain more profit and thus leads to economic inequality and social alienation. But as Winston Churchill has put it:
“The inherent vice of capitalism is the unequal sharing of blessings. The inherent virtue of Socialism is the equal sharing of miseries.”
What we need to consider when arguing for of against capitalism is this: Is there a better alternative to capitalism? Is there a better functioning system, which guarantees private ownership and the freedom of speech, and encourages self-expression in any way possible? Let me put it this way: If I was living in a socialist state like North Korea, I wouldn’t be allowed to be writing the blog, to freely discuss and debate, I wouldn’t be even allowed to read as much as a sentence from a book that has been blacklisted. I wouldn’t be allowed to dress however I want, to study and work whatever I want, to travel wherever I want. So I am leaving you with this: Yes, capitalism may not be perfect, but it’s the closest we’ve ever been to “perfect” in out entire history.