Opal Leung's Blog

In the ethnography, Where Have All The Homeless Gone, capitalism and the flourishing of business are associated as the origin of poverty. As individuals strive towards maximizing their profits and utility, the wealthy tend to get wealthier and the poor get poorer.

Over time, economy climbs to a new high, but often at the expense of the ones truly in need.

This provides an alternative to my perception of business. In Sauder, many of us are here to become an active player in the business world of the future, often neglecting the possible harmful effects of only striving for profits. This is not to say that Marcus’ association with capitalism and poverty is the absolute truth. Rather, it reveals the flip side of the coin.

Capitalism is necessary for the growth of an economy, but it is of importance that governments issue the laws needed to ensure that profits are not made at the expense of others.