FREE ESSAY ON CAPITALISM

CAPITALISM

Capitalism is on of many different systems of government that has been created on this
planet. It also happens to be one of the most wasteful. It is an economic system that was
created in a different time when resources were in abundance and people were not. In
today's world it is the exact opposite. Although Capitalism is wasting our natural
resources, it is still one of the top economies and because of that we need to come up
with a better system of government that is not as wasteful. 
Although Capitalism is an outdated system of economics, it still can function in today's
society. It allows for private companies to become huge multi national conglomerates
without the government stepping in and controlling production of their goods. This allows
for a free market in which anyone can play a part. There are no rules for how an item is
to be made. The company has the right to waste as much of a resource as they want.
Environmentalists might protest the company, but the company can still do whatever it
likes. Modern capitalism is essentially mass production for the needs of the masses, as
stated by the famous economist Ludwig Von Mises. This means that the people that buy the
products of capitalism are the same people that cooperate in the production of those
products. Despite the economic burden capitalism has on our planet it is still one of the
most widely used, even though it is bad for the environment.
Capitalism is a hazard to our planet for multiple reasons but mostly because of the
pollution and waste that it creates. According to Hawkin, a notable environmentalist, for
every 100 pounds of product we manufacture in the United States, we create at least 3,200
pounds of waste. The human race cannot continue to thrive if we continue to waste all
those natural resources. As explained by Herman E. Daily, a known economist, we are now
facing a historic juncture in which the limits to increased prosperity are not the lack
of man-made capital but the lack of natural capital. If the countries in the world
continue to waste natural resources at the same rate that we are now we will use up all
the natural resources that are on this planet, and if that happens it will be a very sad
day for humanity. When that happens, the end of civilization, as we know it will cease to
exist.
Just doing the morally correct thing can solve many problems associated with capitalism.
The waste of natural resources can be prevented by creating new techniques for
manufacturing goods so that not as much of a resource is needed to create the same item.
The company can also try to find a substitute material so that they don't need to use all
of resource, but split the product half and half. The United States and other countries
must band together to make changes in our system of economics. The governments must step
in and enforce laws against the wasting of natural resources in such a flagrant manner.
The future is not too late to change, and with the proper steps it is easily avoidable.
In fact some steps have already been taken, but many more are still necessary to make
sure that the human race lives on long after our generation is gone.