Reflections on the Contemporary Capitalist Economy

Rey-Sheng Her ()
Additional contact information
Rey-Sheng Her: Tzu Chi Charity Foundation

Chapter Chapter 3 in The Economy of Goodness, 2024, pp 51-75 from Springer

Abstract: Abstract This chapter delves into the complexities of the capitalist system, emphasizing its role as a predominant force in shaping modern civilization while acknowledging its paradoxes, particularly in wealth distribution and environmental sustainability. The narrative begins with a historical exploration of individualism, tracing its roots from pre-capitalist trade practices through the rise of industrialization, highlighting how religious and cultural influences shaped economic behaviors. A critical evaluation of capitalism’s impact on individualism sets the stage for discussions on reforming capitalism to ensure it benefits humanity and the planet long-term. By integrating philosophical insights and historical contexts, the chapter argues for a nuanced understanding of capitalism, advocating for systemic adjustments to address its inherent challenges while preserving its innovations. This exploration is framed around the need to balance economic growth with ethical considerations and environmental stewardship, proposing a reflective approach to reforming capitalist dynamics.

Date: 2024
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-97-6363-4_3

Ordering information: This item can be ordered from
http://www.springer.com/9789819763634

DOI: 10.1007/978-981-97-6363-4_3

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().