Can Capital Make Fair the Unfair?
Can responsibility be attributed to unfair competitive advantage in a free market?
On the surface, capitalism appears as both a superior and more efficient financial system than communism because of its solution to scaling the distribution of goods and services for an exponentially growing population.
However, while the history of starvation and staggering episodes of involving millions of deaths have rooted themselves deeply with the communist inefficiencies of the brutal regimes of Mao or Stalin during the 20th century, capitalism renders its own unique form of suffering in the modern era of globalization.
Capitalism depends on the idea of individual rights and a free marketplace and these aspects of its social and economic philosophy have allowed it to thrive as a result of the domestic prosperity it brought to nations that have industrialized first. The key problem of capitalism manifests most clearly on the international level, as industrialized and developed nations have a technological and infrastructural edge over developing nations. In the international context of the free market, competition from industrialized nations stifles the economic progress of…
