A society must ensure that the most functionally important roles are filled by those most talented and efficient, with education and stratification allowing individuals to have an occupation that best suits their abilities. Whilst they claim that a meritocratic society gives high reward (financially and status-wise) to motivate the most gifted and inequality means those disadvantaged wish to improve on their position, there is much resentment over "fat-cat" pay packets in today's world. ... Women have been harshly disadvantaged in employment until recently, due to previously being unable ...

• Word Count: 840
• Approx Pages: 3
• Has Bibliography
• Grade Level: Graduate

Although a capitalist economy supports most of these values some like, political equality seem at first to be contradicted by capitalism. ... This is a popular target for critics that start by pointing to the economic inequality that a capitalist economy produces. ... These laws and rules are a necessary ingredient for capitalism in order to produce goods in the most effective and cost efficient means possible. ... The article "Democracy and Market Economy" by professor Seizaburo Sato argues that capitalism is the most dominant economic model globally. ... He goes further and asserts that for...

• Word Count: 1285
• Approx Pages: 5
• Has Bibliography
• Grade Level: Graduate

Although socialist theory points to self-interest as a fault in the Lassiaz Faire market economy, Individualism embraces self-interest as a means for promoting competition for the most efficient production and social good. ... Yet, Marx saw how, "parliamentary democracy could provide the appearance of popular participation even while the economic basis of political power was becoming more concentrated," (66). ... Contrasting strongly with both Owens call for social welfare legislation and Marx's cooperative revolution, individualists promote limited government to allow the most ...

• Word Count: 1068
• Approx Pages: 4
• Has Bibliography
• Grade Level: Graduate

Most liberals are enthusiastic about the economics of the free market. In the international realm, such thinking is most obvious in liberal views concerning free trade (though many liberals would take a slightly more ambiguous view than the neoliberal one set out here). ... Comparative advantage (a state's most efficient production) varies from state to state (for example, Argentina may be better at beef farming than textiles). ...

• Word Count: 7309
• Approx Pages: 29
• Grade Level: Graduate