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Ethics: Capitalism vs. Socialism and Social Engineering

Trey Brant, PhD. & William “Bill” Brant, PE

It's an old debate, Capitalism versus Socialism, but, with an update. To socially engineer economic systems or not is one critical question. Other questions concern to what extent and in which ways they are to be engineered. Social engineering is defined and explained.

We will enlighten you about fundamental moral values that are, very arguably, requisite for the continuation of civil society. With such values, we suggest several ways in which society, in general, can be socially engineered to optimize stability. Other questions include economic markets and effects of capitalism and/or socialism.

These ideas offer an overall and unbroken picture of morality from the individual perspective. The individual taking action or inaction with intention and will, during urgent life situations, is contrasted with the perspective of economies with evolving market systems. We show you exactly what and where the values lie in the individual and humanity, including marketplaces and business activity.

For you taking this course, we present 30 figures serving to classify and describe concepts of utmost importance. Starting with changes in interacting economic systems of Western Europe and the Americas from about 500 years ago to present.

The importance of the Scottish Enlightenment during the emergence of capitalism and other economic systems, like feudalism and socialism, are elucidated. A general overview of their transitions from economies with phases proceeding "from production to distribution to finance" to economies that begin with finance, empowering bankers, is given with alternative means for socially engineering stabler societies methodologically. And we leave the evaluation of our method in your hands while appealing to your personal moral values. Our quiz has been designed as a tool to provide increased depth into your learning experience.

Thank you. We wish you an enjoyable experience during your course.

This course includes a multiple-choice quiz at the end, which is designed to enhance the understanding of the course materials.

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NY PE & PLS: You must choose courses that are technical in nature or related to matters of laws and ethics contributing to the health and welfare of the public. NY Board does not accept courses related to office management, risk management, leadership, marketing, accounting, financial planning, real estate, and basic CAD. Specific course topics that are on the borderline and are not acceptable by the NY Board have been noted under the course description on our website.