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Nicholas Grosz Mr Burke Econ 3100 ETHICAL ECONOMICS The term ethical and economics should never be put into the same sentance They are almost oxymoronic in the sense that in order for one to succeed on an economic level ethics are usually never involved America as we have come to know it is a world full of mice and snakes The mice are those in society who voluntarily choose to live off of the prosperous as the snakes go out and get their prey The capitalistic society we live in known as America is truly what we make of it The standards and principles of Americas capitalism are truly ethical and fair One is reminded of the Darwinian theory of evolution that only the strong survive Those who do not provide for themselves will be left to die in American society The American economic society that we have come to know and love is truly fair and equal on all levels Since the end of Feudalism America has lived up to its reputation as a Capitalistic society The True Market System kick-started the freedom of possibilities of capitalism The right to private property choice voluntary exchange comptetition and economic incentives are what we thrive towards every day With the incorporation of voluntary exchange and competition Americans were forced to go out into the world and produce in order to survive and make a profit much different than traditional economics when a child would inherit his fathers work Economic Incentives better known as profit lead to a broader array of choices that we are able to make as free-minded Americans The comparison between Socialist and Free Market economies show us how truly eithical and fair Americas economic system truly is Resources in a Socialistic Economic system are government owned and regulated which in turn the government determines what and how much of what will be produced The capital from
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