In the capitalist and globalized society we live in today, there is a large gap between those who have and those who have not. This can relate to resources, political stability and wealth. The capitalist or neoliberal system practiced by our society allows our society to have a free trade market; where competition is supposed to produce equal opportunities for both rich and poor (which is obviously not the case), letting companies pursue whatever economic advantages they seek to gain without government interference, and the emphasis on individual responsibility rather than on the concept of public responsibility. goods and community. Once these elements are incorporated into society, the gap continues to widen. Therefore, the current economic system has failed due to unequal distribution of wealth which causes a part of the global society to become underdeveloped and poor. As a result, these underdeveloped societies struggle and continue to struggle in the depths of poverty, while societies considered “developed” enjoy the excessive luxury of wealth that is not necessarily necessary. This unequal distribution leaves these underdeveloped societies at the mercy of wealthier societies who exploit their resources, and their people, for the sake of profit. These exploitations include: human trafficking; the use of child and forced labor in poor countries for the benefit of manufacturing companies in exchange for low-cost labour, the damage to the environment through the exploitation of natural resources such as crude oil and natural gas for the production of material goods and the training of monopolies and oligopolies that use cheap labor abroad and no longer use domestic labor leaving the na...... middle of paper ...... Works Cited Caporaso, James A., and David P. Levine. Theories of political economy. Cambridge: CambridgeUP, 1992. Print.Daly, Herman E., John B. Cobb, and Clifford W. Cobb. For the common good: redirecting the economy towards community, the environment and a sustainable future. Boston: Beacon, 1989. Print. Lindblom, Charles Edward. Politics and markets: the political economic systems of the world. NewYork: Basic, 1977. Print.Marx, Karl. Economic and Philosophical Manuscripts of 1844. Mineola, NY: Dover Publications, 2007. Print.Schumacher, E.F. Small is Beautiful; The economy as if people mattered. New York: Harper & Row, 1973. Print.Smith, Adam and Edwin Cannan. An Inquiry into the Nature and Causes of the Wealth of Nations, London: Methuen &, 1904. Print.Smith, Adam. "The Theory of Moral Sentiments". Yumpu.com. July 2010. Web. 12 December. 2013.