Q1) Give 1-2 paragraph overview on attached PPT
Q2)Please give 1-2 paragraph reply to the PPT(Please find attached example reply)
Example: Presentation was quite interesting and provided insightful information that enhanced my comprehension of Vivek's points of view, especially in light of the two chapters we covered. In answer to the questions in the PowerPoint, I want to stress that, when not handled well, capitalism does have disadvantages. A noteworthy concern is when CEOs or executives abuse their financial power to impose socially or even tyrannically controlling control on their colleagues, which ultimately hurts workers. I really think that workers need to start speaking up more in order to draw a distinct line between capitalism and democracy. Employees must unite to fight CEOs who violate democratic ideals, even if it shouldn't be necessary for firms to take overt social or political positions. Rather, these decisions should ideally be taken by individual individuals. To protect democratic ideals at work, we must take a united stand. Additionally, I believe that employees inside the company should lead initiatives to promote diversity, equality, and inclusion (DEI) rather than just management. Executives can step in to resolve discriminatory situations, but workers must take the initiative to create an inclusive and diverse workplace atmosphere. While executives should encourage and assist these initiatives, it is ultimately the duty of all staff members to promote diversity inside the company.
Presented by: Casey Nabb, Alexis Hagen,
Algburi Abdulazeez, Edward Troendle, and
Adrian Ichaka
“HOW I BECAME A CAPITALIST”
“WHAT’S THE PURPOSE OF A CORPORATION?”
FAMILY IS OF
INDIAN
DESCENT
OVERVIEW BRAHMINS –
HIGHEST CASTE
WITHIN HINDU
SOCIETY
CEO OF ROIVANT
SCIENCES
PHARMACEUTICAL
COMPANY
BELIEVE THAT
IMPROVING THE
ECONOMY WILL HELP
INCREASE PATRIOTISM
AMONG YOUNG
VOTERS.
YOUNGEST
PRESIDENTIAL
CANDIDATE IN
THE GOP
WANTED TO REVIVE
THE NATION’S
IDENTITY WITH
CAPITALISM AND
POLITICS
fusion of progressive ideals and
capitalism. Helps to sell
Americans a standard for the
right way to think and live. Ex. If
you are black you are
automatically disadvantaged and
if you are white you are privileged
UNDERSTANDING THE CHAPTERS
economic system that
allocates respect and
resources based on merit
rather than birth or other
factors (such as the caste
system that Indians are used
to)
Vivek fell in love with
capitalism after
spending childhood
in India
Thrives on individualism and picks apart institutions based on collective identity
Stakeholder capitalism promotes winners to have greater power while
pretending to be a milder form of capitalism LLCs responsible for economic boom
because limited liability is an incentive to take greater risks
Liberals think that corporations should owe the Government in return
Capitalism should be solely an Economic system rather than a social system
Limiting shareholder liability could enhance corporate accountability
In the name of diversity we have sacrificed true diversity of thought
There should be a dichotomy of company policies that helps benefit society while also keeping true to the company’s purpose of pursuing its core mission
Central
Arguments
In
The
Chapters
REAL WORLD APPLICATIONS
Technology • Apple Inc.:
⚬ Ownership: Publicly traded company shareholders own portion
⚬ Profit: Revenue from hardware and services. Focus on premium pricing and innovation
⚬ Competition: Competes in smartphones, computes, wearables, and digital services
against Samsung, Google, and Microsoft, driving innovation.
⚬ Innovation: Known for groundbreaking products like iPhone, iPad, and MacBook,
emphasizing design and user experience.
Finance • JP Morgan Chase & Co:
⚬ Ownership: Publicly traded multinational investment bank and financial service
company.
⚬ Profit: Revenue from asset management, investment banking, commercial banking, and
other financial services. Emphasizes prudent risk management and diversified revenue
streams.
⚬ Competition: Compete in various financial sectors globally against Goldman Sachs,
Bank of America, and other financial institutions.
⚬ Innovation: Focuses on financial innovation, technology integration, and client service
to maintain a competitive edge in the dynamic financial service industry.
REAL WORLD APPLICATIONS Retail
• Walmart
⚬ Ownership: Publicly traded multinational retail corporation; ownership through shareholders.
⚬ Profit: Revenue primarily from retail sales of groceries, general merchandise, and digital services.
Focuses on offering low prices and convenience to attract customers.
⚬ Competition: Competes in the retail industry against Amazon, Target, and other brick and mortar
and online retailers.
⚬ Innovation: Emphasizes supply chain efficiency, technology integration, and customer experience
enhancements to remain competitive in the evolving retail landscape.
Healthcare • Johnson & Johns
⚬ Ownership: Publicly traded multinational corporation specializing in healthcare
products.
⚬ Profit: Revenue from pharmaceuticals, medical devices, and consumer health
products. Focuses on R&D, and marketing to drive sales.
⚬ Competition: Compete in pharmaceuticals, medical devices, and consumer health
products against Pfizer, Merck, and other healthcare companies.
⚬ Innovation: Known for its commitment to R&D, introducing new drugs, medical
devices, and consumer health products. Emphasizes product safety, quality, and
efficacy.
BROADER IMPLICATIONS
Consumers that show commitment to societal causes
may gain competitive advantage because they are
appealing to customers
So, they can impact political decisions and advocate
change and regulation
and influence on types of candidates that want to work
for the company
The more intertwined these become the more eroded
both become
Capitalism and Democracy should be kept separate so
both can continue strong
EVALUATING RAMASWAMY’S ARGUMENTS
01
02
03
04
Strength
Helps reader to understand legal concepts. He has legal expertise so can easily
break concepts down.
Clarity and Accessibility: Vivek’s ability to simplify legal concepts makes his
arguments accessible to a broader audience, including those without legal
background. This clarity enhances understanding and engagement.
Practical Application: Vivek’s legal expertise allows him to provide real-world
examples and scenarios, illustrating how legal concepts manifest in everyday
situations. This application can help readers grasp the relevance and
implications of legal principles.
Interdisciplinary Perspectives: Vivek’s blend of personal
experience, professional expertise, and legal knowledge offers an
interdisciplinary approach to the subject matter. This
interdisciplinary perspective enriches the discussion by
incorporating diverse insights and perspectives.
EVALUATING RAMASWAMY’S ARGUMENTS
01
02
03
04
Weaknesses
Subjective and Bias: Vivek’s arguments may be influenced by his personal
experiences and perspectives through the years, potentially leading to
subjective interpretations or biases.
Complexity Oversimplification: While Vivek aims to simplify legal concepts for
accessibility, there is a risk of oversimplifying subjects to the point of losing nuance
and accuracy. This could lead to misunderstandings or misinterpretations of the law.
Lack of Diverse Perspectives: While Vivek attempts to see both sides of the
issue, there may be a lack of diverse perspectives represented in his
arguments. This could result in a narrow or biased interpretation of the
subject matter. It may also lead into readers wanting more detailed analysis
and discussion.
Confirmation Bias: Vivek’s arguments may be influenced by
confirmation bias, where he selectively interprets evidence or
arguments that align with his pre-existing beliefs or experiences. This
could hinder the objectivity and impartiality of the analysis.
Capitalism should be kept separate
from politics and social issues
CONCLUDING THOUGHTS
Religion, democracy, social issues,
economies are strong because of their
unique specific importance in
everyday life.
CEOs need to understand that their
employees are generally socially
conscious people
Less regulation can make it easier for
companies to take meaningful action
to better their company, workplace,
and community.
FACILITATING DISCUSSION
● What are the disadvantages of capitalism? Are there
any?
● Is there anything that could be done to keep
democracy and capitalism separate?
● Are there any good examples that come to mind of
companies doing a good job at balancing the needs
of various stakeholders? (Ex. shareholders,
employees, customers, and the community)
● What steps can organizations take to promote DEI
(Diversity, Equity, and Inclusion) within their
workplace or culture?
Further Reading and
Resources
Woke Capitalism Against America – Vivek Ramaswamy. https://www.youtube.com/watc h?v=a5gwJ382dIw
Wolf, Martin. The Crisis of Democratic Capitalism. Penguin Press, 2023
How Capitalism DESTROYS Democracy – A Simple Explanation. https://www.youtube.com/watch?v=ejpD Tfvmb2s