Research Paper On Capitalism

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Capitalize on this! The United States of America was founded on principals, one of those being capitalism. It is said that “The freer the market the freer the people”, however, many individuals in the United States believe that the nation is moving from a Smithsonian capitalism to a Marxist socialism. This so-called “transitional phase” of the United States has already happened to many other well-developed nations in Europe. This culmination of a growing middle class and a right to self-destiny has lead many nations away from equality of opportunity to the idea of equality to access (Arneson). The mixture of a socialist state and capitalistic free market is said to be the forefront of the future, a new standard for the human endeavor. Though these principals are said to be ideal, the United States is exceptional, but not in the way that we are to good for it; we just have a different standard for access. The United States, working for the greatest good for the greatest amount of people, should maintain a Smithsonian, free-Capital market and limit Socialized programs for the reasons of Utilitarianism of equality, longevity of economic infrastructure, and fundamental economic ideologies. John Stewart Mill’s philosophy of Utilitarianism states “the greatest happiness of the greatest number” is the ideal model for a government. This statement derived from a book by Joseph priestly, called the Treatise of Government that explains the methodology and implementation of government. This philosophy is essential when dealing with nations such as the United States that following a democratic voting system based on the ideas of Majoritarianism, Pluralism, and, substantialism. These three fragments of democratic ideology represent ways in which the people are able to elect officials and in turn have those officials represent them in a congressional session (Representative Democracy). The election process in Majoritarianism creates a victor through the use of popular vote; this electoral process can have drastic effects on minority representation. Because of the lack of equality given to minorities, the United States also adopted substancailism; this being the idea that there are certain fundamental rights that can not be infringed upon, therefore creating a republic. However the United States also went on to protect one final organization structure, Corporations. The United States implemented the idea of Pluralism, which is the idea that the United States citizens can act through special interest groups in funding of political candidates, endorsements, and Etc. The United States implementation of the three tiers of democracy proves that the country should keep a foundation in utilitarianism in regards to economic policy. When the United States was founded two hundred and thirty years ago it was based on the idea of an unfair tax that limited the productivity and flow of income within the United States. This unfair treatment of capitol interest for the colonial citizenry caused the separation of Great Britain’s most prosperous colonies because they did not do the greatest amount of good for the greatest amount of people (with-in the colonies). In John Smiths book, The Wealth of Nations, he discusses an invisible hand that leads the market to equality; this model has been the primary economic philosophy for the United State’s until the nineteen thirties and lead the United States into its most prosperous economic output in world history (Smith W.A.). This prosperity following the great depression is best described as the United States government’s implementation of “The greatest good for the greatest amount of people”. This was achieved following the second World War, when the United States began to limit social programs created under the new deal and put ownership of capitol back in the Hands of the United States people, benefitting the nation all the way to economic prosperity in an exceptional manner (Conkin). The United
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