What is the most convincing ethical system Why Research Paper

What is the most convincing ethical system Why - Research Paper Example A person can select the option that is best for him or her. The best should be according to the person in hand, how he admits what he wants and desires and also what is important to him. When a person identifies what is best for him, and then comes the premise of the most convincing ethical system he should dwell in (Bishop, 2000). If we perceive capitalism to be the most convincing ethical system or the institute of ethics then we first have to define what capitalism is. It is theory of the law. It is that theory of law that constitutes of description of property rights of an individual. This means to determine and avert the conflicts. Conflicts arouse when human beings make irreconcilable decisions about some of the resources that are used in ways proposed most of the times. This Theory of Law relies on the acknowledgment that individual actions are based on the decisions made by individuals and they are brought together by sense of responsibility (Kristol, 1978). Most of the resou rces are spent on the decisions that individuals make. The person who finally decides fate or use of a resource possesses the resource in actuality. Future conflicts regarding conflicts can be prevented by determining who has the authority to make decisions about the resources and who can legally hold it. Capitalism is therefore about recognizing the potentially disrupted resource an owner or proprietor can have. It’s the only way out to avoid the conflicts about future and determines who will get the resource in the end. To avoid the future conflicts about the resources and who will take what decision is about who is the lawful owner of resources. Therefore, capitalism is based upon recognizing owner and proprietor (Bishop, 2000). The ownership of resources is not subjective to anything in the realm of capitalism. Considering the ethical inferences of capitalism, it is highly advisable to unbalance the model of theoretical capitalism from the history of human civilization wi th the idea of emphasizing the significance of one’s freedom. This is the way that laissez-faire and free-market capitalism exist in market and also the perfect model of human society which ceases a difficult task for native Romans and Greeks and also the medieval kings. But, capitalism reassumes democracy as its highlight. The most basic form of economy and government is capitalism in its democratic form (Kristol, 1978). The possession of individual rights is the basic form of capitalism and everyone should have a free will in capitalism. It is known for giving autonomy to individuals on the basis of property rights, and freedom upon one’s own mind, body, and the spirit. Therefore, the everlasting rule of capitalism is that natural resources should be used by human beings free of will. Human beings are free to practice their rights until they don’t intervene in others’ rights. The historical theory of Karl Marx materialism is to try to impose laissez-fai re in medieval rulers which is not right jurisdiction of this presumption. If laissez-faire depends on development in history, how it is the best form of human civilization. These ideas dwindle in the mind of one as one pertains to think about comparison of contemporary capitalism from the pre-historic capitalism (Bishop, 2000). But, with powers comes responsibility. It is the ethical responsibility of an individual to have the freedom of recognizing the outcomes of such decisions. Therefore, all the creators receive what they make, regardless of the negatively or positivity of such object. Considering this justification, destroyers are solely responsible for the things they