CAPITALISM & GREED

582 WD

October 26, 2011 In the article, "Capitalism and Greed"(1982) by James L. Doti the author states, “In his path breaking work, The Wealth of Nations, Adam Smith described an economic system based on self-interest"(1). This economic system based on self-interest is the foundation for capitalism and pertains to the 21st century where America still uses capitalism as its economic model. In the article, "America's Disease is Greed"(2004) by Andrew Greeley, he discusses and makes many points how greed comes with capitalism. First glance at a capitalist economy the morals of the self-interest theory might get questioned, but a more in depth look at the capitalist society it shows that it is the best way to gain economic performance. First, Doti's discusses his idea that the goals of capitalism are to better society and benefit our fellow human beings. In Doti's article he relates this goal to a story he tells about himself during a snowstorm while he was an undergraduate in Chicago. During the snowstorm