Is capitalism like Social Darwinism?
• It can be argued that, in a capitalist system, businesses and workers alike are subject to “survival of the fittest”, as the most effective businesses and employees will continue to expand their potential for profit at the expense of weaker and less qualified businesses and workers. • However, “fitness” in this context is decided by the perceptions of other buyers and sellers making economic decisions (“the market”). • These perceptions may be incomplete or inaccurate, and can be circumvented; they lack the strength of a biological law and are not applied consistently in the social world at all times.
