The Corporation

Essay by ngo92University, Bachelor's November 2014

download word file, 6 pages 0.0

Downloaded 3 times

Ngo 1

Stephanie Ngo


SOSC 1340

Kean Birch

November 30, 2012

Michael Moore'sCapitalism: A Love Story

In the film Capitalism: A Love Story, Michael Moore states "capitalism is a system of free enterprise, profit and demand, and the ultimate democracy" (Moore 2009). This system is based on production and distribution, where the working class is paid to produce goods and services that are sold for profit at a fixed cost. Capitalism plays a huge role in business corporations because everyone has one main objective, which is profit. Every corporation wants to result in prosperity, but due to the free market economy, industries would find inefficient ways to produce products, and would charge at a higher fixed cost in order to gain profit. Therefore, for every corporation that dominates, it also affects the society. Capitalism is a theory developed by Adam Smith who wrote The Wealth of Nations, and states "everyone has the freedom to produce exchange goods, thus opening the market to competition" (2009).

We live in a very capitalist society, where in order for corporations to have a high paying income; it would be at the expense of others. In addition, capitalism is useful to examine how it impacts the lives of many people. In particular, I argue that the profit motive, inequality, and exploitations are useful concepts to analyze the film Capitalism: A Lover Story, as it is represented in the documentary. This shows how capitalism strongly affects our society.

In today's society, the market economy for business corporations is highly competitive. One of the main causes for competition amongst various corporations is profit motive. Companies are competing with one another in order to supply the demands for customers. By doing so, companies are able earn a lot of profit depending on what the society...