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Essay on The Evil of Capitalism

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The Evil of Capitalism

An obsession of any kind is usually unhealthy, but obsession with money can destroy the soul. Karl Marx believed that human activity is paralyzed by the capitalist system. To be sure, the all-encompassing passion for wealth and power is unchristian, but is all capitalism evil? If the answer were yes, then abandoning capitalism, with its central goal of profit, would seem to be an obvious solution to the social ills of mankind. Of course, eliminating capitalism is not the answer. The fact is that capitalism, based on free competition without deception or fraud, can lead to justly obtained profits, while serving the common good.
Consider the entrepreneurs Eli Whitney, John Deere and Henry Ford, and the …show more content…

The John Echlin Foundation, for example, is one major contributor to The Hospital of Saint Raphael, in New Haven, Connecticut. Firms not only built and funded many hospitals and schools, but they essentially created such national nonprofit organizations as the YMCA. Companies created hospitals in areas where their employees lived, so future workforces would be healthy. They funded community chests devoted to social, educational, and recreational amenities for employees, and even gave money to employees' churches so that their spiritual needs would be met. Railroad companies built a system of YMCAs to give itinerant employees a place to stay the night and get a hot meal. These expenditures were relatively easy to defend to directors and shareholders, because the connection between them and the profits of the business were clear. Amoco Foundation executive director Patricia Wright put it, "anyone involved in the corporate world knows that it is necessary to have a strong strategic link between charitable giving and the corporation's bottom line" (Hood 20).
The nature of corporate giving has changed through the years. During the 1950s and 1960s outside directors of foundations, made decisions on the basis of social and humanitarian issues, not corporate goals. The Amoco Foundation had traditionally given money to a host of

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