Joe Zhankan Li

The Power of Ethical Capitalism (eBook, ePUB)

• Format: ePub

Produktbeschreibung

The purpose of national economic development is not merely to accumulate wealth

Many associate economics solely with money, materialism, greed, and capital. However, these are merely superficial elements. At its core, economics concerns human nature, which inherently includes values such as freedom, equality, and diversity. Focusing solely on economic growth without considering human values is impractical. Often, the world's most developed countries are also those that respect human values the most.

Capitalism cultivates human values better

Freedom and equal opportunity are central to the capitalist system. Many perceive capitalism as synonymous with greed and therefore at odds with noble human values, but this is a misconception. The capitalist market economy is built on respecting each individual and business, allowing each to produce, compete, and profit based on personal judgment. Moreover, a free market requires a fair legal system to ensure the protection of individual property and fair arbitration.

Capitalism requires improvement, not abolition.

Historically, countries that rejected the capitalist free market system, like the Soviet Union and China, have been far removed from humanistic values. Poverty, famine, and strife have been frequent in their histories. Even today, there is a tendency towards moral decline in these societies. While free market is not without its flawsmarket failures, economic instability, and income inequality are common criticismsit remains central to our societal values. Therefore, we should consider how to refine capitalism, rather than abolish it.

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Produktdetails

• Verlag: Outlying Islands Publishing
• Erscheinungstermin: 15. November 2024
• Englisch
• ISBN-13: 9798227815866
• Artikelnr.: 72400179

Autorenporträt

Joe Zhankan Li, born in Guangzhou (China) and grew up in Den Haag (the Netherlands), is an author, economics enthusiast and digital marketing professional. His writings often applying modern philosophy and history to economic theories. Joe Zhankan Li is graduated from Erasmus School of Economics in the Netherlands, and he is also a Global MBA Graduate of National Taiwan University. He is the author of Analysis of Income Inequality：Globalization, Technological progress and Money Supply (China Times, 2017), published in Taiwan.

He is now based in Frankfurt, Germany.