Proceedings of the 1st Hasanuddin International Conference on Social and Political Sciences, HICOSPOS 2019, 21-22 October 2019, Makassar, Indonesia

Research Article

Capitalism, A Double-Edged Sword

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  • @INPROCEEDINGS{10.4108/eai.21-10-2019.2291526,
        author={Muhammad  Busyairi},
        title={Capitalism, A Double-Edged Sword },
        proceedings={Proceedings of the 1st Hasanuddin International Conference on Social and Political Sciences, HICOSPOS 2019, 21-22 October 2019, Makassar, Indonesia},
        publisher={EAI},
        proceedings_a={HICOSPOS},
        year={2020},
        month={2},
        keywords={capitalism global warming addiction planetory passport},
        doi={10.4108/eai.21-10-2019.2291526}
    }
    
  • Muhammad Busyairi
    Year: 2020
    Capitalism, A Double-Edged Sword
    HICOSPOS
    EAI
    DOI: 10.4108/eai.21-10-2019.2291526
Muhammad Busyairi1,*
  • 1: Regency Government of West Lombok, Nusa Tenggara Barat,Indonesia
*Contact email: muhammadbusyairi@yahoo.com

Abstract

Many researchers argue that Capitalism represents the interest of the rich and the superrich which then makes the poor suffer. However, analysing Urry’s [6] article “Consuming the Planet To Excess”, indicates that Capitalism has a negative effect on the rich as well. Using literature study and Urry’s article as the main source, this article finds double edges of Capitalism. First edge, the proponents of neoliberalism believe that neoliberalism will help the poor, however, it actually makes the poor suffer. Second, the opponents argue that neoliberalism benefits the rich, however, it also can disadvantage the rich. This applies in the case of places of consumption to excess which warm the world. At these places, the rich feel free, not feel guilty, and they seem to be happy. In fact, they are experiencing a kind of addiction. This article will also provide a unit of solution offered by McIntyre‐Mills which is called “The Planetory Passport” to prevent the worse global warming