Capitalism is far and away the best system for allocation of resources and creation of wealth. It does have downsides though. The “consumer culture” creates a great deal of anxiety for individuals if they allow it, “keeping up with the Jones”. Without a clear Christian ethos (which we have mostly, if not entirely, lost) the capitalist system can become all about greed and money.
Capitalism is far and away the best system for allocation of resources and creation of wealth. It does have downsides though. The “consumer culture” creates a great deal of anxiety for individuals if they allow it, “keeping up with the Jones”. Without a clear Christian ethos (which we have mostly, if not entirely, lost) the capitalist system can become all about greed and money.
Capitalism is far and away the best system for allocation of resources and creation of wealth. It does have downsides though. The “consumer culture” creates a great deal of anxiety for individuals if they allow it, “keeping up with the Jones”. Without a clear Christian ethos (which we have mostly, if not entirely, lost) the capitalist system can become all about greed and money.
A goal of “keep up with the Jones’” is a person choice. An act of free will is always supported by capitalism because it’s foundation is freedom.
Taking out $100k in loans to major in gender studies is also an act of free will