PHI 2604 Home Work: Chapter 4

1- Historic background of Capitalism p. 151
2- Key Features of Capitalism (companies, profit motive, competition, private property) p. 153-155
3- Moral Justifications of Capitalism (Natural Right to Property, Adam Smith’s Concept of the Invisible Hand) p. 155-157
4- Critiques of Capitalism (Inequality, Human Nature and Capitalism, Capitalism breeding Oligopolies, Exploitation and Alienation) p. 159-163
5- Focus on the Short Term
6- Declining Interests in Production p. 166