Articles Article Example | Topics and Well Written Essays - 500 words

Articles - Article Example Similarly, consider a farmer giving maize to a consumer in exchange for money. Definitely, the two parties are made better off in the second case, but the farmer is made worse off in the first case. So it is just better to have a free market. After reading the article, I thought that greed may be important as suggested by Williams, but it may also be used in a negative way. It is not that I oppose the argument of Williams; it is only that I do not fully agree with him. It is indeed true that most economically beneficial activities are performed as a means of pursuing one’s own interests. However, doing something with the interest of others in mind could lead to honesty and quality of service. For example, if Texas ranchers hated New Yorkers, they would decide to deceive them in terms of weighing scales. This would be unethical and socially irresponsible, and it would cause a decline in overall welfare of New Yorkers and ranchers of Texas. As much as I also think that the author was clever in the manner in which he used the example of ranchers and potato farmers, I also believe that he left out an important aspect of sustainable development – business ethics and social responsibility. Caring about one’s interests alone is unethical and has negative repercussions in the economy. I think this article explains capitalism and the free market in such a way that a common man can realize the importance of free market. I have learned that capitalism has given the common man an opportunity to enjoy the benefits of the free market just like the rich people. I think equal distribution of resources can be achieved if the free market works effectively. I think this post has demonstrated a good observation of the author. Nowadays the common man can enjoy some luxuries that were not enjoyed back in the yesteryears. Indeed, it is interesting; and I think it is all because of the great opportunities that the free market and capitalism have