Mr. Moore and Economic Systems Blog

When it comes to how a society functions, the type of economy that a certain nation integrates into the governmental system is what determines how everything else is run. From Capitalism to Socialism, each economic system brings a new set of problems and successes to the global table. In the video clip Mr. Moore, writer and star of the documentary Capitalism: A Love Story, seeks to define where our economy should be going , in the early twenty first century. While the information is clearly presented, Mr. Moore provided just his own opinion- therefore I have drawn different conclusions about the viability of what he says. One point of his that I resonate with, and that I now apply to my own understanding of economics, is the idea that in its structure, and economy should be morally and ethically good, not matter what term it is given. While Moore merely alluded to this truth, I believe that it is ideal in creating a lasting, fair economic system through which business is sustained. If the system of how business is run is regulated by ethical codes, such as making price-fixing illegal, then not only does the economy have a moral foundation, but consumers are more likely to stimulate the economy by buying products made under ethical laws, which leads to success in business on a national scale. As we live in an imperfect world, no business plan or economic system will ever be "perfect" or "the ideal". For instance, with socialism, communal property and jobs that are regulated by equal pay across the board take away (and effectively eliminate) the individualistic, competitive drive that sustains a positive work ethic, and thus, a better business. Therefore, in moving toward ethical practices, a nation can reform an economy into a more stable system. However, I do not mean to say that ALL of what Mr. Moore said is accurate, as I know evaluate my own opinion of what he presented. When he made the comment that all of the great religions have the same economy, I immediately disagreed. The primary differences that distinguish between each philosophy and theology prove that discrepancies do exist on a broad scale, from how different religions view politics, to how individual define their ideal economic system. Therefore, I refute Mr. Moore's statement with the simple idea that because these differences are clearly present, no worldview could ever agree on what an economic system should look like. How could a Secular Humanist or Marxist, who holds to the tenants of Socialism ever agree with a Christian or Muslim who holds to the idea of the Stewardship of Property? Additionally, while America functions under a Capitalistic system, many countries across the globe embrace Socialistic tendencies that are integrated into their economic systems. Therefore, it is important to realize that Mr. Moore's statement is erroneous, because he fails to distinguish between each worldview, and how there are many differing ideas of economic systems functioning today in our world. Mr. Moore had some very intriguing things to say, regarding our economy in the twenty first century. The state of and type of economy is what can drive our decisions, can control entire nations, and is what represents power in our world today. If we, as Christians, can help to integrate moral and ethical codes into the economy by reaching out and acting for our cause, we can surely make a difference. We live in a representative democracy, and as the people who make up this nation, we can't rely solely on the government to fully regulate the economic system-- and to solve all of our problems. It is important to understand how economies work, so that we can bring ethics into business, and can make a positive change in this system.