Do You Think The Current Economic System Works For Or Agains

Do You Think The Current Economic System Works For Or Against The Comm

Do you think the current economic system works for or against the common good? If you believe the economic system works for the common good, explain why. If you believe the economic system works against the common good, explain why. Please use only online Articles. Use citation.

Arial 12 point font Double Spaced 1 inch margins Must have a cover page Must have a reference/bibliography page 1 - 2 pages of writing (1-2 pages of writing, and reference/bibliography page) Simple work all i want you to do is introduction, three main point in which is the thesis statment, talk about them and conclusion. No more than 2 page. In the reference page I need the links typed please.

Paper For Above instruction

Do You Think The Current Economic System Works For Or Against The Comm

Do You Think The Current Economic System Works For Or Against The Comm

The current economic system plays a crucial role in shaping societal well-being and how resources are distributed among populations. Its impact on the common good—the collective benefit of society—has become a topic of intense debate among scholars, policymakers, and citizens alike. This essay examines whether the existing economic system supports or undermines the common good by analyzing three primary facets: wealth inequality, access to essential services, and environmental sustainability. Through review of online articles and credible sources, I argue that the current economic system largely works against the common good due to persistent inequality, inadequate access to healthcare and education, and environmental degradation caused by profit-driven motives.

Introduction

Economic systems fundamentally influence societal structures, impacting social equity, resource distribution, and quality of life. The debate over whether the current global economic model serves the collective interest hinges on numerous factors including wealth disparity, social services, and environmental health. The conventional capitalist system, which dominates much of the world, prioritizes profit over social welfare, often resulting in widened inequality and environmental harm. Conversely, some argue that capitalism fosters innovation and economic growth, which can benefit society if managed properly. This essay explores these perspectives with a keen focus on online sources that critique the current economic framework and its impact on the common good.

Main Point 1: Wealth Inequality

One of the most significant indicators that the current economic system works against the common good is the rising wealth inequality. According to an article published by the Institute for Policy Studies (2023), wealth concentration has reached unprecedented levels, with the richest 1% owning a disproportionate share of global wealth. This disparity not only hampers economic mobility but also exacerbates social tensions and undermines societal stability. The pursuit of profit in capitalist economies often rewards the wealthy and leaves behind the marginalized populations. Such inequality limits equal access to opportunities, education, and healthcare, crucial elements for societal well-being.

Main Point 2: Inadequate Access to Essential Services

The second point concerns access to essential services such as healthcare and education, which are often compromised under the current economic paradigms. An article in Forbes (2022) highlights that despite economic growth, millions remain excluded from quality healthcare due to high costs and privatization. Similarly, educational disparities persist, limiting social mobility. The commodification of vital services turns them into profit-generating industries rather than public goods. This trend is harmful to the common good because it creates a fragmented society where only the wealthy can afford comprehensive health and education services, thus widening societal divides.

Main Point 3: Environmental Sustainability

The third critical issue is environmental degradation driven by profit motives under capitalism. An online report by Greenpeace (2023) emphasizes that current economic practices, such as deregulation and prioritization of short-term gains, lead to deforestation, pollution, and climate change. These environmental harms threaten the well-being of current and future generations, indicating that the system fails to account for ecological sustainability — a foundational component of the common good. Critics argue that the pursuit of continuous economic growth overlooks ecological limits and the importance of a sustainable environment for societal health and stability.

Conclusion

In conclusion, the evidence from online articles suggests that the existing economic system predominantly works against the common good. The widening wealth gap, unequal access to essential services, and environmental harm underscore systemic flaws rooted in profit-driven motives that often neglect societal well-being. While capitalism has historically spurred economic growth and innovation, its current form frequently exacerbates inequality and ecological crises that threaten societal stability. Addressing these issues requires comprehensive reforms aimed at fostering greater economic equality, ensuring universal access to vital services, and prioritizing ecological sustainability—goals essential for advancing the collective good.

References

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