Federal Ammendment Essay

1106 words - 5 pages

Capitalism is simply the defining structure that propels American business forward. It allows the average U.S. citizen the opportunity to fulfill his or her desires or needs unobstructed within obvious legal boundaries. It also allows those same citizens to offer that opportunity to each other. If a person in the United States wants a certain kind of shoe then they have almost limitless opportunities to acquire a shoe that helps them feel the most satisfied. If a person in the United States wants a certain kind of ball or another kind of sporting accessory then because we live in a capitalist environment that person can acquire the sports accessory that makes them the happiest. Those are ...view middle of the document...

That is what happened with various companies and persons involved in the American 2004-2008 economic decline. Those companies then used the American tax payer to bail out their failures with hundreds of millions of dollars demanded by Henry Paulson. If those companies had been properly regulated then they might not have been able to impede America’s economy or take hundreds of millions of dollars in bailouts. They socialized the losses and privatized the profits in the same way that Soviet communist leaders privatized the former USSR’s national wealth.

The first argument commonly put forth for capitalism with less regulation is one that advocates for a so-called “free market”. The title free-market in and of itself is deceptive because it insinuates a support of freedom while at the same time allowing for America to be plundered of obvious benefits. One of those benefits is American jobs. The argument for the free-market is usually one that supports the unhindered exporting of American jobs to countries that allow for both sweatshop and near or literal slave labor at the expense of descent paying jobs for Americans. Of course the people that argue that outsourcing is good use the excuse that because they supposedly “love freedom” that they want the freedom to export American jobs anywhere else in the world. Those outsourcings not only hurt America’s national security by weakening our economy, they also work against the ability for Americans to support our own companies. Decades ago slavery was utilized by what might be today’s outsourcers. Then American slavery was legally abolished. After the confederate insurrection was destroyed the people who could’ve relied on cheap inexpensive slave labor decided to utilize labor in countries that still allowed for the exploitation of workers.

When an American job is outsourced to another country several things occur as a result. The first thing that occurs is that the number of unemployed in America rises. The second thing that happens is the weakening of America’s economy because of lack of purchasing ability. The third thing that happens is that the opportunity arises for a worker in a different country to have a job that might’ve supported an American family. The fifth thing that happens is that Americans sometimes have the opportunity to buy cheaper goods. The fifth occurrence in the occurrences that I...

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