A Second Slice of Pie

Title: A Second Slice of Pie
Category: Law & Government / Government & Politics | Words: 1324 | Pages: 5.6 (approximately 235 words/page)

A Second Slice of Pie

One of the most common complaints about capitalism is that it is inherently unfair. That the operation of an unrestrained, free market will inevitably lead to iniquity, and a great disparity in outcomes. Complaints usually proceed along the lines of - "the rich get richer, and the poor just keep getting poorer". Thus, government intervention is appealed to as protection against the vagaries and unfairness of free market forces. Arguments against unrestricted capitalism include charges of …showed first 75 words of 1324 total…

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…showed last 75 words of 1324 total…promote an end which was no part of his intention. By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it." Hence, the underlying principle of capitalism is that if every individual is free to pursue his own economic interest, far from fighting over a piece of a fixed pie, their actions will actually increase the size of the pie! Second helpings all round!

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