Capitalism and Socialism

Prepare: Your initial post in this discussion must be informed by   the required material for this discussion. The required material for this   discussion will introduce you to what is new about Uber as a business model,   the profit incentive in business, and how laws can make or break innovation   in business. Your preparation should focus on the characteristics of   capitalism and socialism, as well as other business concepts presented in the   required material. Since your initial post in this discussion will examine   the relation between running a business such as Uber and the laws and   economic system of the nation(s) in which it operates, make sure to comb the   material on Uber for laws, regulations, and the economic setting that affect   its operations. You are encouraged to research relevant laws and regulations   to make sure that you have current information. You will also need to review   the material on the three ethical theories employed in the Week One   Discussion as you will draw from that material for this week’s discussion   too.

 

Reflect: Keep in mind that Uber has presented itself into the   market not as a transportation service but as a service that pairs consumers   with ride sharing services by means of a unique phone app. But some   sources—including the taxi industry and one California court finding (details   in the required material), as well as the characterization of Uber presented   in Section 3.4 of the textbook—seem to challenge this branding. According to   these sources, Uber is avoiding laws that apply to the transportation   industry and, thereby, usurping a rightful place that the taxi industry has   carved for itself. Consumers, on the other hand, have shown their preference   for Uber by a high demand for its services in the USA and abroad, including   those countries in which Uber has been banned. Compared to taxis, Uber offers   consumers an efficient system for procuring a ride even in remote areas where   taxis do not frequent, a convenient payment method (no need for cash, and   fares can be split among different users on the same ride), and significantly   cheaper fares compared to taxis. In many instances, Uber cars come equipped   with water, candy, and magazines, all for free. Uber drivers are also better   off because they keep the majority of the fares for the rides that they   service, which is exactly the opposite case of taxi drivers, and they can   choose when they want to work. Clearly, this is a controversial case and thus   very apt for the examination for this discussion.

Keep in mind that a nation’s   economic system is shaped by the laws that are in place. Accordingly, laws   (including state regulations and local ordinances) will give you a clue for   the kind of economic system that exists. Keep in mind also that most nations   have mixed economies and there is probably no economic system that purely   represents socialism or capitalism. So you will find a different combination   of both socialism and capitalism in any nation that you are examining.

 

Write: You have four tasks for your initial post. In order to   present an organized post, address each one of these tasks in a separate   paragraph and in the following order. Your first task is to articulate the   economic system (or combination of characteristics of both socialism and   capitalism) that such laws depict. Your second task is to examine the laws   that either support or limit the operations by Uber. Your third task is to   analyze how your findings from your first and second tasks affect Uber. And   your fourth task is to present your moral position with regard to Uber. For   this latter task, you will need to identify one of the three ethical theories   covered in the Week One (utilitarianism, deontology, or virtue ethics) as   support for the moral position that you are taking. For example, you may hold   the moral position that Uber is morally justifiable because it provides a   good for consumers that fills in a gap that had not been met by the taxi   industry. Or you may take the position that Uber’s positioning in the market   is morally wrong.

Get writing help on this assignment and more like it, the simple way.

Top nursing writing service online: Secure Top Grades with top nursing paper writers. Get Top Nursing Papers Now.

Order Now
Open chat