Thursday, October 9, 2014

Elena Gutierrez, Chapter 8, Question 6

In this chapter Wheelan writes about the "status quo" of capitalism. Wheelan talks about normal progression in legislative policies, innovations in business and technology. A normal progress would be the "destruction" of old/dated policies and technology, and the implementation of new policies and technologies. I thought this was interesting, because of the positive, and negative affects these changes have on society. For example if a factory worker's job is terminated, because of a innovation and implementation of new technology, then the worker would suffer the loss of his/her finical support, and security. Though the worker is unhappy, the factory owner would be happy with a decrease in his/her factor payments. 

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