Utilitarianism Vs Libertarianism Utilitarianism And...

In one of the courses I am currently enrolled, â€Å"Social Justice† our class spend copious amount of days talking about Utilitarianism and Libertarianism. These are two important theory’s that have been discussed for a very long time. These are two philosophies that elaborates how the citizen pleases to live by. Utilitarianism and Libertarianism may have similar things in common but at the same time they are very distinguishable. The Utilitarianism theory tries to maximize the happiness of the community and minimize the pain over all. On the other hand, Libertarianism focus on individual rights. They strive for freedom. As many may know that Utilitarianism and Libertarianism are two well-known theories wither it have been discussed in your†¦show more content†¦Being that Utilitarianism supports a free market economy, then owners of stores or when worldwide business are able to alter the price of whatever they please. In another word, it’s just like a m onopoly to a certain extend. A monopoly is when there is no competing when it comes to markets. For example, if Apple I-phones was the only types of phone in the United Stated then the people would not have an option but to purchase that phone. This intertwines with Utilitarianism because any business can raise the prices of the items in their store. The example that Sandel used in his novel, â€Å"Stores that normally sold small household generators for $250 were now asking $2,000† (Sandel 2009). Just because there is a storm and hurricane the companies that are in charge of generators, hotels or roof repairs can charge whatever they please. The second philosophy that will be mention is, Libertarianism. This theory focuses on individual rights, common currency of value, free market and most important collective happiness. Libertarianism believe that there is no such thing as redistribution of wealth. It is not morally right to resell or taunt with incomes, land reform or ta xation. They also believe that the government knows what right for the people. In the novel Sandel mentioned, â€Å"Taxing the rich to help the poor is not morally correct, it violates their right to do what they want with the things they own† (Sandel 2009). Many rich individuals mayShow MoreRelatedIntra And Inter Generational Equity2057 Words   |  9 Pagestaste. While Parfit (1997) and Weston (2012) discusses Utilitarian vs. egalitarian concepts; Narveson (Gabor, 2013) argues that principle of maximum happiness for the greatest number of persons is at odds with any duty to increase the population, regardless of circumstances. Furthermore, there is a duty not to bring children to life if the misery of future children can be foreseen, considering that, according to utilitarianism, nothing else matters more than the amount of benefits or injuries thatRead MoreHuman Experience Reflection1445 Words   |  6 Pagessystematic ways of deciding what is just and unjust. Each of the readings helped me look at situations with different perspectives to analyze a problem that must be addressed, like poverty. From these readings, I have learned that the belief of what is right vs wrong is situational and systematic ways of justice cannot be constant across all situations. The philosophies of justice we read can each be deemed correct or incorrect dependin g on the perspective of the situation. For example, this semester weRead MorePrinciples of Microeconomics Fifth Canadian Edition20085 Words   |  81 Pagesand Applications 412 Income Inequality around the World 438 The Poverty Rate 439 Problems in Measuring Inequality 440 Economic Mobility 442 IN THE NEWS: Child Poverty 443 The Political Philosophy of Redistributing Income 444 Utilitarianism 444 Liberalism 445 Libertarianism 446 Policies to Reduce Poverty 447 Minimum-Wage Laws 448 Welfare 448 Negative Income Tax 449 In-Kind Transfers 449 Employment Insurance 450 IN THE NEWS: EI and Work Incentives Conclusion 452 Summary 453 Key Concepts 453 Questions