chapter  7
14 Pages

The Capitalist System

What are the implications of this view of the self and community for the capitalistic system, which, it was earlier argued, is founded on individualism and rights, primarily property rights that are believed to inhere in the individual? The social self as described in the last chapter is not the individualistic self of traditional capitalism that encourages the pursuit of self-interest in a competitive environment and views rights as being individualistic in nature. The social self is not an isolatable entity but is an integral part of a community, such that it cannot be separated from the community in which it grows and develops, nor can the community be considered apart from the selves of which it is constituted. The self and community are an integral part of each other. What does this view mean for capitalism and a revised understanding of the capitalistic system?