Arguments Against Capitalism

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treated as important economic assets because the model of unlimited personal and GDP growth may be over within a decade of years. Sustainable development may involve improvements in the quality of life for many but may necessitate a decrease in resource of consumption and a ‘steady state economy' for expanding human development on the planet. Pope Benedict XVI, in his encyclical Caritas in Veritate, speaks against the present-day market driven globalisation, which he says, detached from ethical living. We find erosion of 'social capital', which means we lack civil coexistence, network of relationships of trust, dependency etc, Pope does not believe those who argue that the problems of global hunger and poverty will be resolved simply by market growth, because, so far there is no balanced level of production, better distribution of wealth, concern for the environment and rights of future generations. By itself the market cannot guarantee integral human development and social inclusion. In a globalized world these actions may affect those who are most subjected to the forces of environment, those who are poor and those who are in areas of under developed economy. Laudato si makes the connection between …show more content…

It has influenced the human thinking so much so that it is now counter-cultural to view things beyond their utility and profitability. Capitalism resists any attempts to point out the harm they inflict upon the environment by upholding “the myth of progress and tells us that ecological problems will solve themselves simply with the application of new technology and without any need for ethical considerations or deep change.” What capitalism endorses is a view of the environment as an object that has tremendous resources for unlimited material progress. This view has been the underlying cause of unmindful exploitation of nature and the subsequent environmental

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