...Throughout history we’ve seen political and economical forces work in tandem with each other. Whether it be communism and socialism, imperialism and nationalism, etc. great impacts on the world have been the result. The two forces that I chose for examine in this essay are Capitalism and Industrialization. What is capitalism and industrialization? Capitalism is a type of economic and political system where business is controlled by private owners, rather than be regulated by the government, and Industrialization is the transition from an agrarian society to an industrial one, with improvements in technology and industry. Capitalism and Industrialization are two forces that have shown a high amount of synergy throughout history. With the rise...
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...This paper is concerned with the relationship between capitalism and demographic trends; with the late twentieth century development of neoliberalism alongside historically low levels of fertility in rich capitalist societies. In particular, I question if and how the shift from postwar, regulated capitalism to contemporary, neoliberal capitalism has contributed to the aggregate decline and stagnation of birth rates in advanced capitalist countries. In short, my claim is that the institutional and ideational features of neoliberal capitalism undermine the various requirements for reproduction. More specifically, by reducing the material and psychological means to reproduce, and diminishing the normative value of social-reproductive activities,...
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...Do you believe that Capitalism is moral? Justify you answer. Capitalism can be defined ideally as an economic system in which the major portion of production and distribution is in private hands, operating under what is termed a profit or market system. (Shaw et al. 2013, p.118) As compared to other forms of economic systems, capitalism benefits the society in various ways (and based on utilitarian argument, this will be morally preferred because the balance of good over bad is the greatest). Few would deny that capitalism is the most productive and efficient economic system, especially after the collapse of Soviet Communism. But some critics still contend that capitalism is not a moral system. Yet morality is impossible unless one is free to choose between alternatives without outside coercion. Since capitalism is based on freedom of choice, it provides the best environment for morality and character development. In addition, business success not only requires but also rewards virtuous behavior by participants in the market. A social system such as capitalism is a system of relationships and cannot be moral or immoral in the sense that a person can be – only individuals can be moral agents. However, a social system can be moral in its effects if it promotes the possibility and likelihood of moral behavior by individuals who act within it. It follows, then; that there is a moral imperative to create a political and economic system that permits the greatest possibility...
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...Miranda Collins Dr. Jeff Kersh English 1010 March 10, 2016 Bernie vs Trump: A Contrast and Comparison of Capitalism and Socialism Getting the right ideas of how an economy should be run is a significant challenge. However, two systems can be used: socialism or capitalism. The United States continues to face this challenge. The current presidential campaign illustrates this important issue. Two candidates exemplify the two economic ideologies. Bernie Sanders adheres to the idea of democratic socialism, while Donald Trump follows capitalism. Capitalism is seen as a system that is mostly based on entrepreneurship, market allocation, and private ownership (Friedman 15). Socialism, on the other hand, is a structure where the control of factors of production is moved from individuals to the state. In light of these issues, below is a comparison and contrast between capitalism and socialism. While socialism helps to even out and equally distribute wealth in the society so that no particular person has control over production except the government, Capitalism does not allow for an evening out, and equal distribution of resources in the society. Also, the government has no control over production. According to Walter (7), Capitalism is “the economic system under which the ownership of goods and services are privately owned, and decisions concerning pricing, investments, and distribution are determined in a free-market system, primarily on the basis of competition among businesses”...
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...Capitalism, as defined by Austere is a social, political, and economic system that succeeded feudalism based upon recognition of the rights of private parties to choose how to employ their labor and capital in markets as indicated by market prices instead of tradition.(Austere 1966) Price is the main co-ordinating method rather than the command and control mechanisms and upholds the fact that,capitalists systems are differentiated among each other depending on the level and nature of governmental effectiveness and participation in their market. Capitalism is more of an indirect governance system,whereby private players in the business field are motivated to own and use property for individual gain subject to the laws and regulations that have been put in place .In capitalism, people are free to work for a pay,capital earns return for free and furthemore, labor and capital, in different types of business, are free to get in and quit.It heavily relies on pricing method to bring into equilibrium the supply and demand in the market.Depends on the profit margin to provide more chances and resources to the competing suppliers and relies on authority, for instance the government, to set the laws and regulations so as to include all the necessary societal uses and benefits. Capitalism appreciates the use of technology.High level technology results to efficiency and high productivity in the market.It is also economical, resulting to wide profit margins of which is the main aim for...
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...Capitalism: Capitalism is an economic system based on the private ownership of capital goods and the means of production, with the creation of goods and services for profit. Characteristics of Capitalism: • Ownership belongs to “YOU” • Freedom of own economic growth • Suitable environment for business • Profit in your “Pocket” • Reward based system • Creative and innovative environment Advantages and Disadvantages of Capitalism: Advantages of Capitalism: 1. Cost of production is reduced due to efficient control. 2. Production process is efficiently controlled. 3. Improved quality of goods. 4. Different varieties of product. 5. Consumer’s choice given full priority. Disadvantages of Capitalism: 1. Inequality in the distribution of national wealth. 2. Talent wastes 3. Level of employment fluctuations 4. Class conflicts 5. Heavy expenses on publicity result into increase in cost and price of the commodity. Communism: Communism refers to a political system that stresses the primacy of collective goals over individual goals. Characteristics of Communism: • Needs of the society are viewed as a whole than individual freedom. • State-owned enterprises are managed to benefit society as a whole, rather than individual capitalists. For Example Cuba, Vietnam, China (market based economic reforms). • In communism personal belongings, like shoe, watches and clothes are allowed to be owned by individuals and houses are owned by the states. Advantages and Disadvantages...
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...Thomas Hobbes “I was born in fear and remained in fear my whole life.” Who is the best sort of person to lead us? Not important to Hobbes All People are competitive, full of fear, and full of pride. People are Selfish Invents concept for life without government STATE OF NATURE is when there is no governmental body to rule over the people Hobbes believes it is not good, people would not be happy. Business would not exist The purpose of government is to put truth in words. What is the basis of government? Social contract- agreement of citizens to abide by laws and rules government creates. Natural laws are terms of social contract: Seek Peace, give up something (right to make own decisions), agree to keep promises, establish a rule maker called the sovereign, give him the power of enforcement Hobbes believes that the need for government is to protect us from our other fellow citizens. Rebelling against the government is a bad thing in Hobbes’ eyes because it puts society closer to State of Nature. John Locke What is the purpose of government? What would life be like in a state of nature? Human nature- everyone is selfish, everyone is born with rationality Locke believes that things wouldn’t change much in state of nature , business would exist. We need government to solve basic economic problems, Social Contract- people give up 3 inalienable rights: Life, liberty, right to Property Government must promise to improve the common weale or improve peoples lives and...
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...should only be temporary and used only to gear the population towards true order and then step down and let the work cycle continued. Many of the communist ideology is predominantly theory and is highly criticized by many nations. In today's day and age many countries have decided to opt out of the communist social structure because it is unpractical and does not provide true equality as theorized. Communism was a fairly modern ideology founded only about 120 years ago but has lingered throughout history. The majour man honoured with the creation of communism is Karl Marx who lived between 1818-1883 and was born in Germany but then fled to the United Kingdom. Marx was a major activist during the time period he lived in witch was the boom of capitalism. Marx joined a communist political party and was a newspaper journalist. He also wrote many books on his views most of which were considered communist. Marx's detested the capitalist ideology and saw many flaws...
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...Asses the Marxist view that the main role of the family is to serve the interest of capitalism. Within sociology there are many different perspectives on the family. Each different perspective sees different things as the main role of the family. Marxists view the family in a very critical way. They believe that the main role of the family is to serve the interest of capitalism. They also believe that the family is seen as an institution which serves to maintain the position of the ruling class. Karl Marx's view on the capitalistic approach shows the unequal nature of the economic system. He shows how the middle and upper class take advantage of the working class and their labour; and that the working class are a tool used to create profit and to keep profit margins at acceptable levels. Marx also argues that the monogamous upper class nuclear family is developed to help solve the problem of the inheritance of private property. The men needed to know who their children were in order to pass on their property on. The family was therefore thought to be designed to control women and protect property. It encourages male power and dominance through the inheritance of property. Marxists argue that the families function is to socialise us into the ruling class ideology. They see the family as an institution which serves and maintains the position of the ruling class. As a result of this they see the family class split into two categories, a small powerful ruling class dominated by...
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...The economic and social developments in countries have been undertaken by approaches. Some countries developed using the Marxism theory and late switch to capitalism while others maintained either capitalism or socialism. In this paper I will explain in detail the two approaches and recommend one approach as the right way to human development according to my opinion. Karl Marx has the most honored place. He is regarded as the founder of communism which had taken deep roots in many countries of the world. He is one of the intelligent man who influenced the masses with his writing and teaching. The great man’s works are significant from the point of view even in economics. His teachings became known as Marxist theory. Marx has analyzed the main stages which have taken place in human history. According to him all historical events are the results of a continuous economic struggle between different classes of society. According to Marx, the mode of production which determines the general character of social, political and spiritual process of life as the main cause of social change. (Smith J.W 2005 Page 15) As methods and techniques of production change the social relations which follow them also change. Against the background Marx describes four stages in history. They are primitive communism, slavery, feudalism and capitalism. Primitive communism is the first stage. It was characterized b a class of society. All factors of production were owned in common and people lived in groups...
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...society build on the ingenuity and progress of modern man and for generations the country has seen communism, and in turn Marxism, as its sworn enemy. In actuality Marxism and Capitalism were both born out the the same need, the same ideals. Though they require the participant to go about things in different ways, both are a call to duty working to create a better society. One came out of the movement away from the traditional Feudal System that had been prevalent for hundreds of years. The other came from the divides that Capitalism created between the working classes and the leaders of industry. Both ideals...
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...Thesis Capitalism has been the subject of ethical criticism since it was first introduced into society. I defend the morality of capitalism because it gives people incentive to work, establishes a web of trust between them, satisfies their material well-being, and generates a wide spectrum of prosperity. Exposition As citizens of the United States, we are members of the leading capitalist economy in the world. Our production and distribution is mostly done privately and we operate in a “profit” or “market” system. The capitalist system has been a target for criticism throughout the last three hundred years and is being discussed now more than ever due to the recent recession and financial crisis (Shaw and Barry n.d., 1). Its effects, structure, varieties, and possibilities provide for a large field of study and writers from several different disciplines have provided their input to the debate. Most fundamental is the question of whether our capitalist system is a morally justifiable one. This question can’t be answered by reviewing the efficiency and productivity capitalism provides, but instead requires a thorough analysis of ethics. A capitalist society is characterized by the private ownership of property and a free market that grants citizens the right to use their resources for their own benefit. Private property is the ownership of productive resources like companies, stocks, and bonds and should not be confused with personal property. Personal property consists...
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...needs and choices, market competition and other financial and economic formulas. Microeconomics also studies supply-demand ratios and its effect on consumer spending and business decision-making Supply and Demand An easy way to think about t supply and demand is to think of demand as marketing, and supply as production. It is the job of marketing to create demand from their practices and programs. Marketing must produce advertisement campaigns, sales initiatives and motivation for the sales force to excel. Set Up Your Business Location Setting up your place of business is important for the operation of your business, whether you will have a home office, a shared or private office space, or a retail location. You will need to think about your location, equipment, and overall setup, and make sure your business location works for the type of business you will be doing. Research your competition Although accurate, detailed information about your potential consumers and competitors may be difficult to obtain, first-hand observation of activity in your competitor's establishment, talking to potential customers and watching customer traffic and volume through the week and at various times of the day will give you a rough idea of what the new business may be up against. Capitalism Capitalism is based on free market; you can open whatever business and charge whatever you want. The government has NO hand at all in the economy or in business, whether small or corporate. The idea...
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...INTRODUCTION Is capitalism really man's enemy or is man his own enemy? I believe capitalism can be used as a very effective and productive tool but it must be used with caution for it can be very deadly. Capitalism has the power to eradicate poverty and at the same time has the power to destroy humanity within a blink of an eye. It is therefore a wise leader who will see the need for the inclusive capitalism as opposed to the real-world capitalist system. One of the greatest businessmen of the world, Bill Gates once said; "You know, Capitalism is this wonderful thing that motivates people, it causes wonderful inventories to be done. But in this area of disease of the world at large ,it has really let us down." -(www.brainyqoutes.com) While agreeing to this, Mahatma Ghandi said; "Capitalist as such is not evil; it is its wrong use that is evil"-[Mohandas (Mahatma) Gandhi (1869-1948)] REAL WORLD CAPITALISM VS INCLUSIVE CAPITALISM While an inclusive and desirable economy will strive to keep all the stakeholders happy and satisfied, the real world capitalism shall have inequality, waste, starvation, undemocratic, war and dictatorship just to mention a few. The inclusive capitalism economy will try to make the employees comfortable and will likely use the people-oriented leadership style are the democratic leadership style just to ensure its employees are free to voice out their opinions unlike in the real-world where the voice of the poor in oppressed. The real world economy...
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...give way. They must, perish in the revolutionary holocaust” (Karl Marx). Marxism was created in the mid-1800s by two German philosophers named Karl Marx and Friedrich Engels. Since the beginning of the 21st century Marxism has been making a comeback due to Marxism-Leninism in Asia and Eastern Europe, different morals of the upcoming generation, and due to the fact that it is one of the key components of the Communist style government that is being introduced around the world. Marxism-Leninism was created together in 1929, which was 5 years after Lenin’s death, by Joseph Stalin. Many communist parties today imagine it...
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