Capitalism Essays


Differences Between Capitalism and Socialism

present. Of course, those three methods would be communism, socialism and capitalism. This report will address a number of pertinent questions when it comes to this topic. Answers will include why some systems are pilloried, why some systems are seen as superior and how both of these lead to the ebb and flow of how governments are structured and react given economic troubles, war and so forth. While no single system is perfect, there are those that tout the "best solution" based on a number of justifications and reasons. As for why socialism is seen as discoursing individual initiative,… Continue Reading...

Soren Aabye Kierkegaard

permitted to explore their distinctive identity. The issue was aggravated by the nation's recent, swift shift from feudalism to capitalism. Extensive rural-to-urban migration, highly enhanced social mobility, and universal primary education meant a shift from a very rigid, hierarchical social structure to one that was comparatively "horizontal." Such a context made it progressively harder to become oneself because of the unusual fluidity of social identities and the explosion of normalizing institutes that created pseudo-people (Obinyan, 2014; Malik, 1997). Considering the above problem from the aforementioned social scenario, Soren sensed a need for a kind of communication that wouldn't generate… Continue Reading...

Drugs and Gangs Among Detroit Teens

seasonal cycles of their lives and taught them about the nature and power of the state, capitalism and family." (p.13). As for Detroit, unlike many other cities, there is extensive drug trade among the people; this made Bergmann consider it as a social institution for the young people (Bergmann, 2010). Bergmann is categorical of the lives of Rodney Phelps and Dude Freeman, who are engaged in drugs from a very tender age, grows with it, sails through its challenges and repercussions, and know can relay the story, with them not being the only examples but also those related to… Continue Reading...

Vietnamese History Throughout the Centuries

is the rural people resistant to change. He recognizes some of the flaws in capitalism, such as income disparity and class conflict. He sees military advancement but also the terrible weapons of mass destruction. The Colonial era had imposed French culture on top of Vietnamese culture. In old Vietnamese culture, however, there was no middle class; now in the big cities there is a middle class that needs to understand the traditions. Young people have western customs. There is more gender mixing, young couples live on their own, they can hold hands in public, people drive cars, women are liberated… Continue Reading...

Book Review Of Bethany Moreton’s “to Serve God and Walmart

than one of power or mastery as a consequence of the characteristically female service economy of America. Influence of American capitalism The author has scripted a convincing argument on the established relationships between the nation's capitalism and orthodox evangelicalism. The book's latter half shifts focus from outlets to the part the retailer played in the broader political context -- of a conservative justification to advocate for a nation that supports capitalism and to spread a worldwide message that combined free enterprise and liberty. The distinctive historical events, which led to withdrawal of funding for regional and Christian educational institutions gave… Continue Reading...

Poverty in Young and Middle Adulthood

and economic frameworks can explain poverty. Views on structural facets maintain that capitalism gives rise to conditions that foster destitution (Sameti, Esfahani & Haghighi, 2012).). Furthermore, in my social work, I must appreciate the argument of structural theory proponents that one can largely trace back poverty to structural economic and interconnected institutional environmental aspects which give preferentiality to particular groups above others, usually on the basis of class, race/ethnicity, or sex. Of the many institutional settings which typically sustain numerous economic obstacles to a number of groups, gender and racial discrimination give rise to the most sinister barriers (Jordan,… Continue Reading...

Social Shift from Religion to Spirituality

adequately realize is that this process's later phases became closely entwined with commercial capitalism's dissemination across the globe (Carrette and Richard 13). Both the aforementioned movements may be termed as religious privatization, in two separate senses. In one case, the 17th-18th century European Enlightenment resulted in a heightened propensity to leave out religious discussions from public politics, science and economics. This was largely accomplished through a representation of 'the religious' largely with regard to individual choice, private mindsets and beliefs. Locke, Kant and other philosophers deemed it imperative to define the exact domain within which to place religion, to… Continue Reading...

How to Grow the Economy

reserve ratio?. Investopedia. Retrieved 1 February 2017, from http://www.investopedia.com/ask/answers/071415/what-happens-if-federal-reserve-lowers-reserve-ratio.asp Young, J. (2013). Does America's Shrinking Private Sector Signal capitalism's Unmaking?. Forbes.com. Retrieved 1 February 2017, from http://www.forbes.com/sites/realspin/2013/09/11/does-americas-shrinking-private-sector-signal-capitalisms-unmaking/#4fa140a96350 Continue Reading...

John Stuart Mill’s on Liberty

this fact, as an inhabitant of a capitalist society. capitalism by its very nature has a divide between the haves and the have nots. Mill supports this, given his view that "there are some actions which harm others, but which should nevertheless be allowed."[footnoteRef:6] Economic competition is not the same as fraud because "allowing economic competition, Mill thought, contributes more to the general welfare of society than preventing it."[footnoteRef:7] Commensurate with his utilitarian principles, Mill did not view liberty and the harm principle as an expression of individual rights as much as he saw it as furthering the good… Continue Reading...

Introduction to Global Business

democracy, Athenian democracy, representative democracy and totalitarian government. Economic-wise, there are three major national economic philosophies including capitalism, socialism and communism. Political risks encompass the political issues in a certain nation that can have a significant adverse impact on how business is undertaken in such a country. Micro-political risks include the political risks that solely influence a certain industry or group of companies in a certain nation whereas macro-political risks include the political risks that fundamentally influence all businesses in a certain nation. Political risks in tandem with global terrorism has given rise to the Terrorism Risk Insurance Act… Continue Reading...

Pope Concerns and Theology Of Book Of Amos

are throwing food away, some people are starving. Pope believes that the free market capitalism has led to the economy of inequality and exclusion, and it is time for policymakers to change the way they approach capitalism. It is time for capitalists to pursue profits ethically, and rejecting exploitation. Analysis of Pope Francis' concerns is related to the issues about the oppression of masses in the Book of Amos. During "the reign of Uzziah in the southern kingdom and reign of Jeroboam in the northern kingdom" (Brueggemann, 2003 p 256), it was clear that both kingdoms enjoyed immense prosperities.… Continue Reading...

Robert Hayden Those Winter Sundays

norms of masculinity create unrealistic expectations of fathers to remain as stoic and "austere" as possible, and the ways capitalism creates personal and social strain. Therefore, Hayden shows how patriarchy and capitalism are intertwined. The father's emotional austerity reflects patriarchal social norms, and his inability to create a work-life balance reflects the anomie created by capitalism. Works Cited Gallagher, Ann M. "Hayden's 'Those Winter Sundays.'" The Explicator, Vol. 51, No. 4, pp. 245-247. Hayden, Robert. "Those Winter Sundays." Retrieved online: https://www.poetryfoundation.org/resources/learning/core-poems/detail/46461 Hiraldo, Carlos. "Is Their Class in This Room?" About Campus. Wiley Online Library, DOI: 10.1002/abc.20042. Moore, Harry. "Offices… Continue Reading...

Camden New Jersey and Corruption Exploitation

that symbolizes racial segregation and embodies the worst of American capitalism. In Camden, "poverty is a business," (Hedges and Sacco 88). George Norcross, aka "King George" -- is the de facto big man of Camden. Only, Norcross does not live in Camden, has no official elected position, and is white -- unlike the vast majority of Camden residents. Camden is not the typical white flight story, either. The history of Camden reveals potent trends in American urban geography, particularly the theme of how intersections between race, class, gender, and power entrench corruption in American society. One research question that… Continue Reading...

The History Of American Social Welfare

privilege. References Social Work Speaks 8. The multifaceted causes of the Great Depression included financial speculation and runaway capitalism without any government control on monopolization or trusts, but the proximate cause was of course the stock market crash of 1929. Bank failures and crop failures due to environmental conditions and land misuse were also problems ("5 Causes of the Great Depression," n.d). References "5 Causes of the Great Depression," (n.d.). Retrieved online: http://www.cland.k12.ky.us/userfiles/13/Classes/441/5%20causes%20of%20the%20great%20depression.pdf?id=8459 9. The Social Security Act of 1935 was part of FDR's New Deal and was the hallmark and cornerstone of social welfare in the United States. The significance was… Continue Reading...

China and Confucianism Society

that the Western-style democracy itself is not the problem but the way capitalism and consumerism has been allowed to encroach upon that system. It is truly impossible to say that the principles of Western-style democracy like equal rights and freedom of expression are actually counterproductive. The authors also seem to neglect talking about other Western-style democracies that are not as imbalanced as the United States, including most of Northern Europe and Canada. The authors are willing to acknowledge that there are some failures with the rigid social hierarchies of Confucianism but they do not spend enough time discussing these… Continue Reading...

Mitch Mcconnell and Rand Paul

happen to fall into the latter camp because I would like to see an end to crony capitalism, useless wars in the Middle East, and government waste. Rand Paul feels that same and that is why I would support him: he voted against the Patriot Act, has opposed all the wars in the Middle East, and wants to approach the issue of health care in a sane and responsible manner. McConnell simply tows the party line and I see no use for such politicians -- and that is why I would oppose McConnell's re-election to Congress. References Majority Leader.… Continue Reading...

Recent American History and Pedagogy

because of its collectivist implications and its insult to free market capitalism. These readings show how all historiography must be considered within its context, revisited and approached with a critical eye. Brown showed how segregation became "grist for the Communist propaganda mills" and therefore "compromised the nation's cold war objectives," (Dudziak, 2004, p. 34). It was not about social justice so much as "self-interest" (Dudziak, 2004, p. 34). When learning history, it becomes important to resist the familiar tropes of identity construction and national identity branding. Educators can frankly frame historical discussions in ways that allow historiography to speak… Continue Reading...

Latin American Revolution

of life a better world for tomorrow. While the “global triumph of capitalism” has essentially turned the entire world into a single state, with a few competing emperors vying for control or else seeking a kind of triumvirate at best, local communities are sensing that the moment is at hand to seize control at the local level—which is really the only level that matters. The empire of the world is the new imagined ideal of the capitalist state—of the government as it seeks a broader part in the larger globalized Empire. But the member of the local community has… Continue Reading...

Repealing Of Glass Steagall a Mistake

to railroads, economic activity followed boom-bust cycles (Bordo, 2003). Marx predicted that these cycles would continue if capitalism were to be left unfettered. Following the latest bust, the stock market crash of 1929, the Glass-Steagall Act was passed in order to restructure the banking system (Heakall, 2015). Setting up a structure for the US economy was a work in progress – indeed at that time this was a work in progress for many industrialized nations. Some of the other, prior, steps had been the creation of Federal Reserve and the introduction of monopoly protections under the Clayton Act. The… Continue Reading...

Political Systems in Ireland and Britain

Reflective of Catholic values, the policy is designed to balance the best interests of capitalism with Catholic communitarian values (The Republic and Politics of the Republic of Ireland 21). No Seanad appointments are geographically based, just as no member of the House of Lords is. Unlike members of the House of Lords, Irish senators do not serve for life. Both the British and the Irish legislative systems (Parliament and the Oireachtas, respectively) are bicameral with uneven power distribution between them. In both cases, the democratically elected house retains a far greater degree of political and authoritative power than the… Continue Reading...

Globalization Is Not Americanization

result for the masses of laborers around the world is ongoing exploitation, the cause is not Americanization but unbridled capitalism. In fact, Owolabi (2001) offers as a remedy to American hegemony the “jettisoning the individualism of liberalism for the altruism and sense of community of communitarianism,” (p. 71). If and when the current model of globalization is tempered with humanitarian policies that promote social justice, then neither globalization nor Americanization will be viewed as negatively as they are now. Globalization is not Americanization because globalization does not preclude national sovereignty. However, American iconography, language, and semiotics have permeated global… Continue Reading...

Europe and the Modern Era

once Catholic identities and doctrines were largely overthrown by an invasion of new concepts. Communism, capitalism, atheism, materialism, anarchism, all came to the fore at some point in time in the modern era. Educational issues became a dominant theme later in the modern era when the need to work for many families became tantamount to the Old War method of education—whereby there were Guilds to which a young novice would be attached so as to learn a trade. With the ending of the Old World order, guilds were done away with by and large and public education was provided.… Continue Reading...

Oral History Of the Russian People

and money changers took power. Contrary to what Marx predicted, after socialism, we’re building capitalism.”[footnoteRef:1] Or there is the description of the young woman in love, recounting the experience of seeing tanks in the streets for the first time, and feeling alive, feeling liberated, feeling in love with Oleg and in love with socialism (happy to see Soviet socialism falling but hoping for a purer socialism to prevail): “Today, they accuse us of fighting for capitalism…That’s not true! I was defending socialism, but some other kind, not the Soviet kind—that’s what I was standing up for! Or at least… Continue Reading...

Proposed Immigration Bill

place were people from all across the world can come and live a life of rugged individualism and unbridled capitalism. We need to continue welcoming immigrants, and providing pathways for their success. Within this framework of genuine freedom and liberty, we argue FOR Immigration Bill #1, but we do have some concerns with Title I. Here are the reasons why: We Disagree With Title I. We Propose the Following Changes: Regarding Sections A-D: The wall is a waste of money and so too are the doubling of border control forces and the other physical barriers that create a police… Continue Reading...

Political Beliefs Personal Reflection

mine in an egregious way. Through his research in economics, Brooks came to the conclusion that free enterprise and capitalism do drive happiness—contrary to what socialists and many more moderate liberals believe. Michael Tanner also understands the principle of intrinsic motivation, and how social safety nets are geared towards removing that essential feature in the pursuit of happiness. In an interview with NBC News, Tanner states, “our welfare programs aren’t targeted at the right things: education, pregnancy prevention, and job creation. They’re targeted at giving people who are poor the resources to live in poverty,” (Raab, 2013, p. 1).… Continue Reading...

The Good and the Bad Of Capitalism

Statement: capitalism has great productive potential, but because in it, production is for the purpose of making a profit, it often does not meet human needs The production stage in a capitalist society, according to Carl Marx comprises of the proletariat and the bourgeoisie. While the latter is used in reference to the owners of the production means, the former refers to the working class. The relevance of capitalism cannot be overstated especially when it comes to the efficient utilization of resources. This is more so… Continue Reading...

Globalization and Neoliberalism Pros and Cons

nuanced perspectives and points of view. Economists, sociologists, and scholars frequently debate whether neoliberalism and global capitalism are causing or exacerbating global inequalities, or whether the ideologies and practices of the free market may be used to promote global equality instead. Martin Hart-Landsberg (2006) and Norberg (2004) weigh in on the debate. In “Neoliberalism: Myths and Reality,” Hart-Landsberg (2006) claims that globalization and the neoliberal policies that support unbridled capitalism worldwide are harmful to the working classes—the majority of people worldwide. Essentially, Hart-Landsberg (2006) claims neoliberalism and globalization increase global inequalities. Norberg (2004), on the other hand, claims that… Continue Reading...

Capitalism Industrial Revolution and Social Change

the Industrial Revolution did have a tremendous and far-reaching impact on reconfiguring socioeconomic classes. Industrial capitalism shifted the centers of economic power to the private sector, and economic systems became far more decentralized than ever before due to the emergence of market capitalism. The new economic regime necessitated new political institutions, which in turn transformed social structures. Nineteenth century social formations included a leisure class known as the bourgeoisie and the working class, known as the proletariat, while the new political ideologies that supported capitalism included liberalism and socialism. Prior to the Enlightenment, European social, economic and political institutions… Continue Reading...

Myanmar's Place in the Global Garment Business

this plan. While the Burmese economy overall is shifting towards capitalism, government still sets wages in the garment sector. It has set a daily minimum wage of $2.61, compared with the $4.07 wage that activists had been asking for. By keeping wages this low, the hope is that the sector can receive enough foreign direct investment to develop. (Friedman, 2017). Design Side Thus, in general Myanmar has specifically encouraged the development of this industry. However, it appears to see the garment business primarily through a job creation lens. The promotion of this industry is not just on the basis… Continue Reading...

American Dream and Wealth Gap

Economics and Global capitalism The American Dream has always been tied to homeownership, yet homeownership has always been a prospect made possible through long-term loans made to credit-worthy applicants. For Main Street, this was mainly the case at least since the Baby Boomers came to age. For subsequent generations, predatory lending came about as the monetization of debt became another way for Wall Street to make money off Main Street. The American Dream prior to this was connected to the concept of upward mobility, but this too has been linked to the… Continue Reading...

Bitcoin Essay

bitcoin? Bitcoin from a macroeconomics perspective Bitcoin from a political perspective, and how it potentially disrupts neoliberal capitalism How bitcoin can be used in money laundering Outline I.  Introduction A.  Brief definition of bitcoin and cryptocurrency B.  Brief overview of how bitcoin evolved and what it is used for C.  Thesis: Bitcoin has become an attractive investment because it allows people to bypass government regulations, but the future of cryptocurrencies is uncertain. II.  Why is bitcoin popular A.  History B.  Blockchain, briefly C.  Other cryptocurrencies III. How does bitcoin work? A.  How to buy, sell, and trade bitcoin B.  How to… Continue Reading...

Bartleby the Scrivener Analysis Essay

illuminated by the numerous cogs and wheels that make the short story an evaluation of capitalism in America, 19th century labor relations, stifled homoeroticism or a coded enigma for one of the many texts that influenced Melville (Kahn). To analyze this masterpiece is to commit to confronting its elusiveness, mercurial nature and the paradox at its core. Humans need to protect their individuality and still encourage their sense of social interdependence in order to survive. Bartleby, the Scrivener shows what happens when individuality is selected over all else to the point of self-destruction. This is but one interpretation of… Continue Reading...

Intimate Relationships in Britain

eroticism in modern societies. Stanford, CA: Stanford University Press. Illouz, E. (1997). Consuming the romantic utopia: Love and cultural contradictions of capitalism. Berkeley, CA: University of California Press. Illouz, E. (2007). Cold intimacies: The making of emotional capitalism. Cambridge, UK: Polity Press. Illouz, E. (2012). Why love hurts. Cambridge, UK: Polity Press.   Continue Reading...

American Exceptionalism Debate

the Vietnamese as a nationalist, internal conflict was viewed by America as a personal affront to capitalism and as a war with communism. Patriotism may be a natural impulse. But exceptionalism and jingoism are dangerous. Unfortunately, the idea of America as exceptional and a shining city on a hill has existed since the birth of America. Replacing it with a more inclusive ideology will be difficult. But if America does not, it risks being left behind in a world where geopolitical cooperation is vital and America must learn from and work with its neighbors. Work Cited Cease, James W.… Continue Reading...

Romantic Era Poems and Literature

and natural. Largely a reaction against modernism, technological progress, capitalism, and urbanization, Romanticism eventually did fuel interest in returning to a simpler, peaceful past—or at least an imagined one. Therefore, returning to folk music made sense from within the Romantic worldview. Appreciation of all types of folk music flourished during the Romantic era, which is why classical composers often weaved into their compositions folk music elements. In addition to the European folk music revivalism, the Americans also paid closer attention to the music that was the root of its burgeoning culture. Although excluded systematically from the production of cultural… Continue Reading...

Globalization and International Business

For one, China is not a democracy, but rather a Communist country. While there are some elements of capitalism in its economy, by no means does China run a capitalist economy in the Western sense of the term (CIA World Factbook, 2018). Instead, it maintains a strong level of central control, especially over large enterprise. Not only does the central government control major businesses, but it is not elected, and does not serve the needs of the people, but rather it serves the vision that it has for the PRC in general. Thus, the institutions of law are also… Continue Reading...

Introduction to Sociology: the Lorax

Introduction to Sociology: The Lorax 1 & 4 The aspects of capitalism that I personally appreciate are the ideas of a free market and the idea that anybody can bring their goods to the market place. I appreciate the fact that in a capitalistic society, there is the opportunity for people being able to compete in the market with products, letting consumers choose from among the lot that which they think is best for the cost. What I find worrisome is that capitalism can lend itself to unrestrained greed and complete disregard for everything that is external to oneself, as… Continue Reading...

The Interaction Of Capitalism and Industrialization America and China a Comparison

The Interaction of capitalism and Industrialization capitalism is one of the oldest economic systems in the world today and is founded on the concept of private ownership: what’s mine is mine and what’s yours is yours. It is also founded on the private ownership of all aspects of production, such as investment capital, land, and labor that is employed to create profits. Many scholars view capitalism as being synonymous with the free market system. Some have argued that capitalism is the protection of individual rights and property rights.[footnoteRef:1] Industrialization is… Continue Reading...

Africa from Colonialism to Neocolonialism

use of the colonial-era instruments of exploitation such as direct rule, these players actively utilize various capitalism tenets to further enhance their dominance over target nations in the developing world. In that regard, therefore, for many African nations, independence, thanks to neocolonialism, essentially became what Martin (2012) refers to as flag independence. This is to say that despite being deemed independent, most developed nations do not have actual state sovereignty. Instead, their economic policies and key political decisions tend to be influenced by external players in pursuit of economic gains. Today, the Word Bank and IMF, under the auspices… Continue Reading...

Introduction to Economics and Global Capitalism

cannot run entirely on each of the two ideologies; capitalism and socialism. While the general economy can run on capitalism, the social fabric of any society should adopt various aspects of socialism to ensure equity, a role that should be undertaken by the government of the day. However, the balance between capitalism and socialism is still a contagious issue. For example, the aspects of private property form a primary talking point in the discussion on whether private property should be and how it should be with regard to the ideology in place (TOP Wonks, 2012). Personally, I think that… Continue Reading...

The Global Economic Crisis

Economics and Global capitalism The problem with the kind of thinking that postulates that human nature is based on self-interest is that underlying this supposition is the assumption that human nature is completely rational and logical and would never do anything to harm itself. This is not the case and economic booms and busts indicate as much. Self-interest is not always aimed towards a positive end. Sometimes, for instance, short-term self-interest is detrimental to long-term self-interest and vice versa. Sometimes people are motivated not by self-interest (at least in a temporal sense) but… Continue Reading...

Capitalism and Economic Surplus

and largesse of society is managed varies widely based on the form of government in question. However, capitalism has its own way of such a thing evolving and shaping. Perhaps the best example of this would be the United States and what happens with its surplus. While there is little argument that the surplus of society should be used to benefit people who cannot help themselves, there should perhaps be a proper definition and enforcement of who truly is deserving of help and who is not. Analysis Before getting to the more personal observations about this topic that the… Continue Reading...

Trump Tax Cut Effects

be the lone or primary cause (Stewart). The article relates to economics and global capitalism in a lot of ways. Indeed, the national economy of the United States is very complex. It is not something that can be measured or assessed easily. When one considers how the national economy interacts with state and local economies, things get even murkier. When one tries to gauge the motives and reactions of the spenders of the country, there is even more complexity. This does not even take into account that there are national-level economies around the world and they often tend to react… Continue Reading...

23 Things They Don’t Tell You About Capitalism

Introduction to Economics and Global capitalism The book 23 Things They Don’t Tell You About capitalism is a very captivating and thought provoking read that purposes to provide the reader with some fundamental truths regarding capitalism that may not be easily perceptible or known. This is information regarding capitalism that most people would overlook and hardly take them into consideration in an extensive manner. However, there are a number of things from the list that I was unaware of and gained insight from the information contained in the book. One of… Continue Reading...

Corporations and Global Capitalism

Corporations and Global capitalism As an institution, I feel that corporations are playing a negative role in American society. While they provide a lot of great tools for people, from mobile smart phones to services like online shopping, the reality is that behind the scenes of these corporations, things are not so great. The amount of pressure that workers experience when working at Amazon can be immense, and the work does not appear to be particularly rewarding or allow one to really develop any skills. A worker at Amazon is… Continue Reading...

The Russian Revolution As a Direct and Indirect Cause Of Fascism

time (and which had existed there for so long), it was no wonder that capitalism seemed like failed and wayward system, that made the nation ripe for fascist influence. There are echoes of this notion buried in the Communist Manifesto, when it discusses the plight of Modern Industry and how it was turned the worker into a dehumanized slave. This manifesto describes workers crowded into factories, “Not only are they slaves of the bourgeois class, of the bourgeois state; they are daily and hourly enslaved by the machine, by the overlooker, and, above all, by the individual bourgeois manufacturer… Continue Reading...

The Ftc Monopolies and the Market

capitalism and Competition It is ironic that the FTC video points to the shopping mall as evidence that its anti-trust laws are working, because the mall is going the way of the dinosaur—i.e., many malls are empty, as Amazon has basically killed the bricks and mortar retailers. With Amazon, the e-commerce giant, seeming to take over everything (or at least retail), it does seem at times like there is not much competition in some respects. What I find to be problematic is that… Continue Reading...

Third World Relations with Other Worlds

in Africa and other third world countries as much as possible and promoting market-oriented economies, also referred to as capitalism. The US has also included other issues that during the cold war were at the periphery of their considerations like the issue of human rights, global environment and international peacekeeping have all become central to the US foreign policy especially towards the third world nations. On the other hand, the Soviet Union was deeply concerned with ensuring that as many nations as possible in the third world adopt the communist policies and socialism as a way of their governance.… Continue Reading...

The Rise and Interaction Of Capitalism and Industrialization

capitalism and industrialization are two concepts that have been talked about and documented over a number of decades with details and examples borrowed from across the globe. These two concepts still have connections with each other in an intimate manner such that they appear to be influencing and infirming the direction of the other. According to Corbridge S., (2018) capitalism is a political system where the industries and the trade of the country are controlled by private entrepreneurs in pursuit of profit and not by the state. Under capitalism, the… Continue Reading...

Minimum Wage and Aggregate Demand

Introduction to Economics and Global capitalism The idea that minimum wage, even though it has risen, has not kept pace with real wages, according to the U.S. Senate Committee on Health, Education, Labor and Pensions (2013). The issue of course is one of inflation. So if Sen. Harkin wants to grow the middle class, which he calls the backbone of the economy, he should simply get on the Fed to stop printing trillions and increasing the money supply so that everyone’s dollars are devalued. No one’s wages are keeping track… Continue Reading...

America's Failed Economy Analysis

these negative actions came a problem that continues today, unemployment. Unemployment is something economists thought capitalism would prevent at least regarding reaching high levels. However, that has not been the case. Even with government intervention, capitalism has led to an increase in unemployment and even though the article discussing unemployment is nine years old, unemployment is still a major issue in the United States, especially regarding obtaining full-time employment. Now that the undiagnosed bubble has burst, the true riskiness of supposedly safe assets has been revealed and the financial system has demonstrated its fragility. U.S. households have seen $13 trillion… Continue Reading...

Is Erdogan an Extension Of the Ottoman Empire

Turkey’s hegemonic power in opposition to the globalizing forces of secularism and free market capitalism. The Ottoman Empire once extended into regions that Erdogan would be hard-pressed to win back; and yet the cultural traces linger in the Levant and the Maghreb as well as into Balkan Europe. Nostalgia may indeed be what drives Erdogan’s supporters to embracing authoritarianism over the promises of democratic republicanism. Yet any cursory glance at Turkish history shows that at no time was there any tendency towards Western-style individualism. Even when secularism was the fundamental tenet of modern Turkish identity, the conservative religiosity and… Continue Reading...

The Housing Crisis and Insecurity and Poverty in America

public policy do need to change to reflect human rights and values rather than unbridled capitalism. With a small amount of social assistance, people can make tremendous progress in terms of planning their career paths, saving money, and providing their children with the stability and security they need to do well in school and pursue their own path. Increased community pride and solidarity would also help to reduce unnecessary aggression and violence, preventing victimization and the perpetuation of criminological patterns in poor communities. More dialogue between community members, land owners, and tenants would also help, but raising awareness about… Continue Reading...

Flint Water Crisis

Malini. 2016. “Thinking with Flint: Racial Liberalism and the Roots of an American Water Tragedy.” capitalism Nature Socialism 27(3): 17-33. Sadler, Richard Casey, and Andrew H. Highsmith. 2016. “Rethinking Tiebout: The Contribution of Political Fragmentation and Racial/Economic Segregation to the Flint Water Crisis.” Environmental Justice 9(5): 143-151. Continue Reading...

Communism in Latin America

according to the house’s rules. The global economy operates essentially out of the house of American capitalism—and many on the Left in Latin America are opposed to this house—but at the same time they recognize that in order to provide for their people they must play by the rules or risk being cut off from the global economic system. North Korea has long been considered a belligerent state on the other side of the world—Leftist and totalitarian and resolved to antagonize the capitalist model. Yet, when Trump expressed interest in meeting with North Korea to iron out their differences,… Continue Reading...

The Problem Of Poverty

concocted by the ruling class to separate the haves from the have-nots. The system of capitalism as it is today enables the wealthy to increase their wealth and leverage in huge amounts so as to buy up the assets of others and gain total control over industries. This plot is especially effective when interest rates are low, as they have been for a decade since the 2008 economic crisis. The ruling classes are able to perpetuate a system of inequality in this way by ensuring that the wealth of the top 1% of the country grows exorbitantly while the… Continue Reading...

The Historical Context Of Marx Scientific Socialism

way Marx demonstrates how societies have evolved throughout history. capitalism became the natural outgrowth of a free market economy, one in which the pursuit of profit subsumed other elements of the social order such as religion or monarchy. With capitalists as the hub of power in the society, the masses were only bound to revolt, especially as the people shifted towards self-empowerment in the aftermath of both the French and American Revolutions. Scientific socialism shows how societies have become increasingly supportive of individual rights and freedoms, and that while capitalism may be superior to slavery and feudalism, it is… Continue Reading...

Scarcity and Supply and Demand

A. (2005). Neoliberalism, higher education and the knowledge economy: From the free market to knowledge capitalism. Journal of education policy, 20(3), 313-345. Rijsberman, F. R. (2006). Water scarcity: fact or fiction?. Agricultural Water Management, 80(1-3), 5-22.   Continue Reading...

Hypercapitalism and the Yellow Vests

Globalization: From capitalism to Hypercapitalism—a Decoupling between People and Societies Globalization is the transition from capitalism to hypercapitalism—the movement from economic order predicated on a division of labor in which the means of production are controlled by the owners of companies and laborers are paid according to an agreed upon sum to an order in which labor is outsourced and offshored to the lowest bidder, which results in a hypercapitalism that ends up cannibalizing itself, as can be seen in places like France today where the “yellow vests” are lashing out… Continue Reading...

Visionary Leadership Of Nelson Mandela

had for South Africa. f) For most of his early life, Mandela leaned more towards socialism than he did capitalism. However, on being released from prison, he recognized that Socialism was failing many nations and had the vision to see that South Africa would falter if it embraced socialism. The environmental and business conditions organizations operate in today call for visionary leadership. There are a lot of variables organizations and institutions have to deal with as they operate in the real world. Mandela’s actions show how visionary and strategic leaders can execute and adjust their strategies amidst these legal, political,… Continue Reading...

Israel S Human Rights Violations

Malcom X famous saying that it is impossible to have capitalism without entertaining racism3. The US government fully supports the Israeli government. This has been seen as an act of solid racism by the American government. The actions by the Israeli government against black migrants should never be condoned or perpetuated by the American government. There are many similarities between the struggles endured by the Ethiopian Jews and the Black Americans. The genome of the Israeli people is quite wide and extensive. It details populations from various backgrounds including the Indian-Jews, the Beta-Jews or Ethiopian-Jews etc. There are various… Continue Reading...

How Germans View the Holocaust

Germany did not accept culpability for the Nazi past, stating that it was instead a result of Western capitalism. West Germany, although confronting the past more directly, also struggled with the process of denazification and memorialisation.” It is a hard thing to do to swallow these horrors, to say, “My people did this, now so what do I do to obtain forgiveness?” The question is left unanswered because the world does not forgive crimes such as this. Only it is after Germany is together again and no long divided in the 1990s that Germany begins to truly memorialize the… Continue Reading...

The Invention Of Peanut Butter by Matt Haig

and the have nots. Haig uses a deliberately simple product to convey the truth of innovation and capitalism--while on the surface, it brings great benefits, on the other hand having choice and creating social classes based upon the ability to have greater ability to choose objects for material consumption fosters division rather than community. At the very end of the story, there is an ominous turn as Sol talks about the need to have guards for the peanut butter in the story. Guarding food suggests that the beginnings of a more militaristic society are being laid. Once there is… Continue Reading...

Impact Of Nurses on Health Care Policy

deal in the US. There is a strong capitalist interpretation of society in America, and a version of capitalism where even health is something to be commoditized and traded. This social outlook is prevalent among a wide swath of the US population, and is sufficiently strong that arguments in favor for other health care systems often fail to gain meaningful traction. This sociopolitical environment does not exist in many other OECD countries, most of which have instituted far greater access to health care than exists in the US. Impact of healthcare politics Healthcare politics recently has seen an expansion… Continue Reading...

The American Revolution and Enlightenment Thought

Wealth of Nations, the same year the Founding Fathers were signing the Declaration of Independence. capitalism would be the economic system adopted in America, and Smith explained it in purely Enlightenment terms, though he also expected a degree of common sense and Christian virtue to still persist in regulating the avarice of industrialists and capitalists. He was wrong to expect as much, but it is evident in his writings that he saw such modesty as necessary in order for capitalism to work, when he warned of the danger of monopolies in a capitalist economy: “The monopolists, by keeping the… Continue Reading...

The Cuban Revolution and Marxism

transcend the limits of both U.S. imperial domination and capitalism.[footnoteRef:3] When the dust settled and Cuba emerged renewed, other countries began to act out as well. The era of military coups brought countries like Bolivia and Brazil (1964), Uruguay and Chile (1973) to the forefront of a tumultuous era full of change and instability. It was Castro’s decision to embrace Marxism and thus implement successful changes to his country that created the whirlwind that was Latin America in the 1960’s and 1970s. [3: Emir Sader, "Emir Sader: The Weakest Link? Neoliberalism in Latin America. New Left Review 52, July-August… Continue Reading...

Adam Smith Capitalism Ethics and Business

in the economy, it seems senseless to condone or ignore these types of behaviors. Adam Smith justifies the ethics of capitalism because his view of capitalism is idealistic. Smith’s concept of “enlightened self-interest” epitomizes his idealistic view of human nature, as the philosopher denies the prevailing role of greed and corruption within a capitalist system. Furthermore, Smith would have supported Reaganomics and other “trickle down” type economic policies that enable the already wealthy to grow richer, while exacerbating wealth disparity over time. capitalism does have the potential to benefit society but only when it is tempered with ethics; when the… Continue Reading...