Week four was all about various perspectives of ethics.it was very interesting. For example: Hinduism, Islam, Buddhism, Christianity, Zoroastrianism, Confucianism, capitalism, socialism, Marxism, thiruvalluvarism, Judaism, and so on. Actually I do not know anything about some religions and even I have not heard before those names so, this class was the most important for me. During last few minutes before I leave the class, I decided to reflect about capitalism.
What is capitalism? Capitalism is the social system which now exists in all countries of the world. Under this system, the means for producing and distributing goods (the land, factories, technology, transport system etc.) are owned by a small minority of people. We refer to this group of people as the capitalist class. The majority of people must sell their ability to work in return for a wage.
In capitalism, the motive for producing goods and services is to sell them for a profit, not to satisfy people’s needs. The products of capitalist production have to find a buyer, but this is only incidental to the main aim of making a profit, of ending up with more money than was originally invested.
For example: “Coca-Cola is good for health” this is the one of advertisement for soft drink. We should think whether it is possible, exactly no. it is only for profit, they do not mind about right or wrong.