Module 5

Thus far in the course, we have surveyed the ethical treatment of animals, environmental ethics, and the concept of moral status. As the course examines the interaction between the environment and capitalism, we will define some basic economic concepts.

The Warm-Up: Thinking About Economies

Use the following interaction as a way of thinking about thinking about economies!


What is Capitalism?

Capitalism is often thought of as an economic system in which private actors own and control property in accord with their own interests. Demand and supply freely set prices in markets in a way that can serve the best interests of society.


Capitalism v. Socialism

Four Types Interaction

Given the types of capitalism we have discussed, which one best characterizes the US in 2022? In addition to identifying one type as the primary type of capitalism, please support your selection with reasoning and data.

The Pros & Cons of Capitalism

What are the strengths and weaknesses of capitalism?

The Morality of Capitalism Interaction

Step 1: Watch the following video in which capitalism (and a free market economy) is defended:

Step 2: Read the rebuttal as offered here through the Partially Examined Life podcast
Mark Linsenmayer's Rebuttal

Step 3: Take a stand!
Which position is stronger? You can start with a heart-felt opinion but you do need to support your position by examining the arguments offered.


Key Terms