Moral and economic category in capitalism Essay

Moral and economic category in capitalism - Essay Example If the gap between poor and rich is growing, it threatens the dominance by demonstrating its negative moments such as, for example, too much materialism. However, if to take into account the fact that capitalism is the most popular political system in the world, it is not at risk to be destroyed as any system has its negative sides. â€Å"But since no ideological alternatives currently exist — and even less, political parties or groups to implement them — the hegemony of capitalism looks pretty unassailable. Of course, nothing guarantees that it would look like that to our children or grandchildren, for new ideologies can be invented. But this is how it looks to a reasonable observer today† (Milanovic).The second question is difficult to answer as the combination of capitalism and democracy was not popular throughout history. Capitalism and democracy were usually separate. In the modern society there is also a tendency to separate capitalism and democracy and thi s is caused by inequality. â€Å"Thus, it does not take huge leaps of imagination to see that capitalism and democracy can be decoupled. And inequality can play an important role in that. It already does so by politically empowering the rich to a much greater extent than the middle class and the poor† (Milanovic). Actually, capitalism prescribes preserving the interests of the elite, than the interests of the middle-class. Such a tendency can be met in all the countries with capitalist regime. The answer for third question is positive as Europe has its own problems. First, there are certain difficulties connected with globalization. Globalization also increases inequality as wealthy people still benefits from it more than middle class and poor. Moreover, globalization is connected with migration. Migration represents problem for any country as brings such problems as racial intolerance and cultural differences, which prevent state from the development. â€Å"Both the propert y-rich and the highly skilled gain because their financial and human capital is more mobile and cannot be easily taxed unless one wants them to flee the country. Low taxation in turn increases inequality between the rich and the poor because it undercuts the funding sources on which the modern European welfare state was built† (Milanovic). Niall Ferguson is a historian the views of whom are rather controversial. â€Å"There are two common assumptions about Ferguson. One is that his newspaper columns and telegenic