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I believe in free market capitalism where transactions involve individuals rationally making decisions based on economic self interest.  As the availability of resources, jobs, products and market conditions change, workers, employers, producers, buyers, sellers, etc. compete to maximize gain. Competition, whether for the most gain, best job, or whatever, promotes efficiency, stimulates people to work hard, innovate, and take chances.  Laws and (limited!) government intervention should promote competition, protect property, serve individuals and small businesses --and corporations are people too!  Since market system exchanges are voluntary, I believe the right to pursue self interest is morally defensible. I see the dominant competitors in the modern capitalist economy as large profit-seeking corporations.  Ultimately owned by individual shareholders who appoint a board of directors, such organizations are superior to individual owned small businesses in their limited liability, greater ability to obtain capital, lobby and shape government policy.  While I am awed by their ability to harness the forces of production, satisfy consumers, and accumulate wealth, I wish corporate management more often pursued enlightened self interest.  Beyond seeking short-term profits for share- holders, they ought to be sensitive to the needs of all their stakeholders --including workers, the community at large, the environment, etc.  

WV Theme #19A: Economic Individualism

WV Theme #19B: Corporate Capitalism

--Alternate Concise Characterization with Wikipedia Entries

--Alternate Concise Characterization with Wikipedia Entries

self interest based ethics / values ethical egoism appreciates the advantages of the corporation in setting up a business
values individualism in economic decision-making has some understanding of corporate governance
values competition in organizing society, economic matters recognizes productivity as key to competitiveness in the marketplace
values Market Economy   values corporate social responsibility

summary Wikipedia article: Economic Liberalism

summary Wikipedia article: Corporate Capitalism

Numerical Characterization with TFJD code: 2122 Numerical Characterization with TFJD code: 3133
Numerical Characterization with Emotional Volatility VI index: 16 Numerical Characterization with Emotional Volatility VI index: 9

Related Words, Beliefs, Background -- 39 entries                 Songs            self-test          Discussion from The Worldview Literacy Book

Questions to Test Compatibility Between This Theme or These Themes and Your Worldview

playing  card related:  these are club worldview themes: individual <---> group             card #19 concise description 
Note: While certain applications will use two separate themes, #19A ECONOMIC INDIVIDUALISM and #19B CORPORATE CAPITALISM, applications based on playing cards (where 52 playing cards hold 80 worldview themes) will use a single theme #19 now titled CAPITALISM with (revised) playing card description shown here.

More to Explore -- Worldview Theme #19A: Economic Individualism

The Market System  (from online encyclopedia)
Small Business (from online encyclopedia)
Behavioral Economics (from online encyclopedia)
Informal Economy (from online encyclopedia)
The American Enterprise Institute--Economics Policy (American think tank devoted to "Freedom, Opportunity, Enterprise")
The Competitive Enterprise Institute (public policy organization devoted to "free markets and limited government")
Human Action: A Treatise on Economics by L. von Mises (on this 1966 classic book from online encyclopedia)
What is a Free Market System? 
What is a Market Economy?, by Michael Watts (on U.S. State Dept. site)
Economic Individualism, by James Fitzpatrick (Catholic perspective / critique) 
A Cambridge History of Capitalism ed. L. Neal and J. Williamson (book review  from The Economist Nov 1 2014)
Markets Over Mao: The Rise of Private Business in China by Nicholas Lardy (book review from The Economist Oct 25 2014)
"The Slumps That Shaped Modern Finance" (cover story from The Economist April 12 2014)
"The Benevolence of Self Interest" (from The Economist Dec 10 1998)
Economics A-Z Encyclopedia: Competition (sponsored by The Economist magazine)
Competition: Economics & Business Competition  (from online encyclopedia)
The Adam Smith Institute
Capitalism, by Robert Hessen (on Economics & Liberty site-- see also "Free Market" and "Competition" on this site)
Rethinking the Economics of Self Interests
Religion, Economics, and the Market Paradox
The Invisible Hook: The Hidden Economics of Pirates by Peter T. Leeson (excerpts of 2009 book at Google Books)
In Defence of Individualism (excerpt from the book from Edinburgh University Press)
The Fear of Individualism, by Tibor Machan
Gandhian Economics: The Economics of Altruism vs. the Economics of Greed
"Greed" by Julian Edney (2004 essay about the origins, nature, extent and morality of this free market force)
U.S. Financial Literacy and Education Commission

More to Explore -- Worldview Theme #19B: Corporate Capitalism

Capitalism (from online encyclopedia)
Corporations, by Robert Hessen
Capitalism, A Love Story, the film by Michael Moore (from online encyclopedia)
Worldview Watch #29: Corporate Personhood, Responsible Corporate Behavior 
Worldview Watch #34: Inequality in America
Corporate Crime Reporter (website includes excerpts, highlights from weekly "legal print newsletter") 
On Capitalism ed. Victor Nee and Richard Swedburg (more on this 2007 book from Stanford Univ. Press)
The Intellectual Voice of Capitalism

"Capitalism and Its Discontents" (article from The Economist October 3 2015)

"From Alpha to Omega: The Return of Conglomerates" (article from The Economist August 15, 2015)

"Advancing, not Retreating" (article argues that forecasts of the decline of capitalism are premature-- in The Economist August 8, 2015)

“Making Good, Plus a Profit” by Bill Saporito (report on article in Time March 23 2015
"Fanuc--Corporate Governance in Japan" (report in The Economist March 28 2015)
"The Business of Business--The Old Debate About What Companies Are" (article from The Economist March 21 2015)
"Unilever: In Search of the Good Business" (from The Economist August 9 2014)
Capital in the 21st Century by Thomas Piketty (review/commentary on this 2014 book by Charles Lane in The Washington Post May 14 2014)
"The New American Capitalism: Rise of Distorporation" (cover story from The Economist Oct 26 2013)
Spying on Democracy: Government Surveillance, Corporate Power and Public Resistance by Heidi Boghosian (excerpt from 2013 book)
"Capitalism in Crisis" (Jan 31 2012--special in depth coverage from Financial Times)
"The Rise of State Capitalism" (cover story / special report topic in The Economist Jan 21 2012 issue)
Borderless Economics by Robert Guest  (audio interview w/ author of this 2011 book, on The Economist website)
Creative Destruction: Corporate America Moves Jobs in Search of Profits (In These Times Oct 2010 story)
"What Isn't for Sale?" by Michael J. Sandel (how "Market thinking so permeates our lives" in The Atlantic April 2012) 
US Economy: Over-Regulated America (Feb 18 2012 editorial in The Economist)
"Crony Capitalism Has Killed the Free Market and Democracy" (2011 report on David Stockman's opinion)
"The Myth of the Rational Market," by Justin Fox (article in Time June 22 2009)
Capitalism: Money, Morals, and Markets  by John Plender (book review in The Economist August 15, 2015)
Free Lunch by David Cay Johnston (Feb 2008 NY Times review of book about corporations feeding at the public trough)
Moral Markets: The Critical Role of Values in the Economy, ed. Paul J. Zak (more on this 2008 book)
The Mind of the Market, by Michael Shermer (more on this 2007 book)
Manias, Panics, and Crashes, by Charles Kindleberger (commentary from The Economist on classic book )
The Rational Optimist: How Prosperity Evolves by Matt Ridley (website for 2010 book from Viking)
Capitalism 4.0: The Birth of a New Economy by Anatole Kaletsky (review of this 2010 book in London Times)
"Best Countries for Global Business," by Barbara Kiviat (article in Time November 26 2008)
Freefall: America, Free Markets, and the Sinking of the World Economy, by Joseph E. Stiglitz  (excerpts from this 2010 book)
The Crisis of Global Capitalism, by George Soros (excerpts from this book)
The Center for Ethics, Capital Markets, and Political Economy
quotes related to capitalism

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