Effects of capitalism or materialism in the person’s moral, social and political perspectives.
Capitalism has positive and negative impact to humanity. In its positve side, capitalism allows people to own private property, have the right to gain wealth and compete in the market. This promotes a growing economy where competing industries produce higher-quality products. It also allows individuals to earn money based on the importance of their role in society.
However, capitalism has negative impact to society wherein it is like capitalism is slavery bringing the idea of work, buy, consume and die. It determines what we eat, what we watch, what we wear, where we work and what we do. We are inescapably surrounded by their culture and ideology.
People in consumerist societies live by the influence of advertisements, and often methodically buy things they do not need, and in most cases, cannot afford. This, in turn, leads to greater economic disparity, and despite having the most or latest products, consumerists have a feeling of dissatisfaction. In the name of creating new wealth, humanity is impoverishing itself that one feels empty without buying goods. Consumerism is ocncerned with the individual needs, choices and an increase economic disparity.
THE MORAL, SOCIAL, ECONOMIC AND POLITICAL PERSPECTIVE OF MAN ARE AT STAKE BECAUSE OF CAPITALISM. THERE IS MORAL DECADENCE WHEREIN MAN DERIVES HIS SELF-WORTH ON TANGIBLE MATERIALS— THERE IS SOCIAL CANSER WHEREIN IT PUSHES PEOPLE TO BE MATERIALISTIC AND CONSUMERISTIC. THERE IS ECONOMIC DISPARITY AND UNHEALTHY POLITICAL COMPETITION WHEREIN THE DISTRIBUTION OF WEALTH IS NOT EQUALLY FAIR AND JUST BETWEEN RICH AND POOR PEOPLE.