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What is capitalism and key components

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Questions

1. What is capitalism and its key components?

2. What is Adam Smith's ethical justification of capitalism, and what is the tragedy of the commons critique of it?

3. How does the Walmart case study both exhibit Adam Smith's defense of capitalism, and demonstrate the moral problems of capitalism?

4. Are American corporations and/or consumers ethically responsible for the dangers/exploitations of overseas workers in cases like 4.1 (Catastrophe in Bangladesh)? Why/why not? Which moral theories might you use to support your answer?

5. What are some of the ways that capitalism is related to the recent covid pandemic?

6. What is Marx's 3-pronged critique of capitalism? Do you find this critique convincing? Why/why not.

Reference no: EM133485005

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