Capitalism is a very complex system that many authors, scholars and economists talk about. Robert Heilbroner is a famous American economist who creatively discusses the system of capitalism in Twenty First Century Capitalism. It reveals the abstruse capitalist system and its role in society. Heilbroner begins by comparing traditional society with modern capitalist society and differentiating capital from wealth, which makes it easier for the reader to understand the basic definition of capitalism. It then illustrates the most crucial aspect of capitalism, i.e. the two kingdoms of capitalism. According to Heilbroner, the two realms of capitalism are the state and the economy or the government and business. The relationship between these kingdoms is interesting by its nature, because one aspect of their relationship makes them beneficial to society and another aspect makes them dysfunctional in society. The state realm and the economy are beneficial when they rely on each other, as they support each other and result in a peaceful state and economy of a society. At the same time, they have the power to proceed independently. As soon as they divide, they become dysfunctional for the society because the state could block the economy's path to grow freely and the economy can survive independently without supporting the government, resulting in the weakness of the society. Western societies are the living example of capitalism. They present a very languid condition of moral and social values, however, they proudly present their materialistic life. This situation of imbalance is due to the contribution of capitalism in modern society. The insatiable characteristic of capitalism results in the accumulation of capital, which decreases the value of human beings and increases the value of money and… half of paper… do not cooperate with each other, become dysfunctional for society and can cause various social problems that they led society towards destruction. Capitalism is a modern economic system, which leaves the world shocked. The imperative factor of capitalist society is the accumulation of wealth which results in the conversion of money into divine force and diminishes the value of man, of morality and of the values that distinguish us from animals. The drive for capital causes necessities to transform into commodities, so that capitalists can obtain more capital to invest. Therefore, capitalism's contribution can be good for those who only care about profit but not for society because it only improves materialistic life and weakens the soul that teaches us ethics and morality. Works Cited Heilbroner, Robert L. Twenty-First Century Capitalism / . Concord, Ontario: Anansi, 1992. Print.
tags