Question

In: Economics

One of the debates today is the idea of BIG Government. Many commentators in the main...

One of the debates today is the idea of BIG Government. Many commentators in the main stream media have suggested that we are progressing towards socialism. In some perceptions, the more the government attempts to provide for the people, the more the government is perceived as "interfering". On the opposite spectrum of socialism is the philosophy of social Darwinism. Social Darwinism refers to the idea that individuals who are able to survive should be free to do so, without the hindrances of the weak, the poor or the handicapped (physically, emotionally, or mentally). It means that the fittest survive, and allow for a propagation of others who are fit. Social Darwinism is a philosophical foil to socialism. Socialism argues that for a society to be strong and healthy, it must care for its weak. Social Darwinism argues that society benefits from the struggle for survival and that the weak should be left to their own accord while the strong survive.
Survival of the fittest is currently how businesses desire to operate, with little to no government interference and a sole reliance on competitive forces for success. Free markets and the free hand of capitalism.

Please answer the following question:

"What are your thoughts about the well-being of our society? What direction would you like to see emphasized: social care or survival of the fittest? Is our culture emphasizing society at the detriment of the individual? Or do you feel that we are emphasizing individualism, to the detriment of society? What are your thoughts about businesses receiving bailouts while the moral hazard of disincentivizing individuals to work is emphasized?"

(Please answer this question in the context of social Darwinism and capitalism. Also, mention concepts such work ethic, rights and private property, social contracts, free economics, economic advantage, historical exploitation, and ideological values.)

Please Write more than two paragraphs for this

Solutions

Expert Solution

The well being of the society is when the society is free from discrimination, poverty ,assaults , inequality etc .We can say that the society is in well being when every individual in the society is able to survive properly and do not have any kind of poverty related problems which means that inequality should not be there otherwise , the society will not be in state of well being (physically, mentally and emotionally) . On the other aspect of society is the heppiness which is also a measure of well being of the society which is not dependent on the GDP and per capita income of the society . I would like to see emphasized on the social care and not on darwinism because for the society to be well being there has to be cooperation among the individual or work ethics which can lead to the btter version of the societal hood .I must say that fittest survival is always possible even in socialism but if we emphaise on the social care , we will see that it include the darwinism also .Therefore we should go for social care because that inculcates economic advantages , and free economics .Yes I feel that we are emphaisizing on individulism an is detimental to society .We left the integrity approachs and it give the authority to the individualism cauisng restless society .The business who are being given bailouts are in the category of social care providing financial asssitance to the failing business because there are chances that if the business is failing today because of certain factor , it can be success tomorrow because that is how the business works .

Have a good day !


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