POLI 330N Week 1 Assignment (2020) - Benefiting the Public Good 2 - Chamberlain college | POLI330N Week 1 Assignment (2020) - Benefiting the Public Good 2

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enefiting the Public Good: Capitalism Chamberlain College of Nursing Professor Riggs March 6, 2019BENEFITING THE PUBLIC GOOD 2 Benefiting the Public Good: Capitalism Trying to find the right bal... ance to fit the needs of the public good has been the priority of politics since the beginning of more complex civilization. According to our textbook, the public good can be defined as “shared beliefs of a political community as to what goals government ought to attain” (​Magstadt, 2017, p. 26). Different political ideologies can be applied in order to benefit the entirety of the public good rather than just a select group of favored individuals. These ideologies are a “set of fixed, predictable ideas held by politicians and citizens on how to serve the public good” are varied, and they are used to justify political action (​Magstadt, 2017, p. 26). For this assignment, I will depict how the political ideology of capitalism ultimately - - - - - - - - - - - - - - - - - - - - - - - - - - - -- government needs to pick up where capitalism falls short. Without moderate competition between and within social classes, economic growth would ultimately stagnate, as innovation and an assiduous work ethic is less rewarded. By rewarding people for their achievements, it promotes future growth that will not only benefit themselves but also indirectly the rest of the economy and society.BENEFITING THE PUBLIC GOOD 5 References Hodgson, G. M. (2016). Conceptualizing capitalism: A summary. ​Competition & Change​, ​20​(1), 37–52. ​https://doi.org/10.1177/1024529415611264 Magstadt, T. M. (2017). Understanding Politics: Ideas, Institutions, and Issues (12th ed.). Boston, MA: Cengage. [Show More]

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