ISTE Essay Topics - Is Capitalism a Systemic Problem?

ISTE Essay Topics - Is Capitalism a Systemic Problem?This year's ISTE Essay Topic for the ICSE level C student exam will be 'Is Capitalism a Systemic Problem?' One reason for this is that recent years have seen the dominant economic philosophy of the Western world face a series of negative and crisis. But another reason for writing about this question is that, as mentioned earlier, all economic theories begin in an ideology, and that this ideology can be based on economic theory alone or it can be based on historical experience.The ideology of capitalism is based on the beliefs that the free enterprise system is a viable option for economic development, that an individual should be rewarded for their efforts, and that the ability to invest a firm's assets into new ones means that those assets should be redistributed to the general public. These beliefs are supported by the notion that, in an open market, competition will cause goods and services to be relatively inexpensive relative to the cost of production.Unfortunately, it is also known that this is also the situation with capitalism. But at least in an open market, a capitalist may be able to make a profit in order to pay back investors.There is also the possibility that in a market that is dominated by a few firms, individuals may not be able to make a profit in order to repay their investment, and they may be forced to sell out to make up for the loss. There is also the possibility that the cost of production could go up. A capitalist is therefore likely to be concerned that this would lead to higher prices for goods and services, and he will therefore propose some kind of government intervention in order to prevent this from happening.In order to avoid these problems, the best market is one where there are plenty of competition and where the government tries to regulate the size of the firms so that no firm becomes too large. He will support regulations such as those that limit the amount of liquid asset s a firm can hold, or that limit the number of days a firm can run before filing for bankruptcy.One of the reasons that an ideology like capitalism may be attractive to an individual in a free enterprise system is that it makes it easy to provide for the needs of oneself and one's family. In a capitalist system, money is the sole source of wealth and material comfort, and it is easy to see why this philosophy appeals to people who have limited funds to expend. This is because the 'more' that can be provided for material needs will also be provided for spiritual needs, as well.By contrast, an ideology that assumes that a person must choose between an economic opportunity and a relationship with God seems to assume that there is only one 'right' way to make this choice. It would seem to imply that everyone has the same amount of ability to choose and that nothing is better than anything else. It is this theory that has led many Americans to support a socialist agenda that emphasizes t he fact that individuals can always choose which economic opportunity they will pursue based on their own desires.Overall, ISTE Essay Topics in 2020 will be able to deal with both an ideology that makes individuals choose between different opportunities and an ideology that suggest that an individual can make decisions based on one's own desires and not based on what others expect them to do. In a world where people seem to have more freedom than ever before, there will still be some people who look at the idea of socialism with hostility. But perhaps socialism will eventually become the lowest form of totalitarianism that people in the West have ever had to face.