...same opinion; he also believes that division between the democrat and republican parties has blocked the progression of a failing economy. Marx and Obama have similar views concerning social-economics, justice, poverty and our society. Shallow thoughts that running the country by the wealthier classes standards should only benefit that particular class. This despicable thinking seems to disturb Karl Marx and President Obama, also produces internal tension, which leads to self-destruction. This broken Government has been proven that to be found true, our last our last 8 years of republicans. President Bush along with his constituents has pushed the economy to the edge of a cliff. Obama’s theory is that the working class would govern a socialism society, which would then be a workers democracy. Obama has spoken of history transforming our society, which calls for a combination of both parties participation. Page 2 It appears that both pioneer of history consider both classes of people. Painting a concise picture for all people should be a plan...
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...What is Marxism? Marxism is an economic and social system based upon the political and economic theories of Karl Marx and Friedrich Engels. While it would take veritably volumes to explain the full implications and ramifications of the Marxist social and economic ideology, Marxism is summed up in the Encarta Reference Library as “a theory in which class struggle is a central element in the analysis of social change in Western societies.” Marxism is the antithesis of capitalism which is defined by Encarta as “an economic system based on the private ownership of the means of production and distribution of goods, characterized by a free competitive market and motivation by profit.” Marxism is the system of socialism of which the dominant feature is public ownership of the means of production, distribution, and exchange. Under capitalism, the proletariat, the working class or “the people,” own only their capacity to work; they have the ability only to sell their own labor. According to Marx a class is defined by the relations of its members to the means of production. He proclaimed that history is the chronology of class struggles, wars, and uprisings. Under capitalism, Marx continues, the workers, in order to support their families are paid a bare minimum wage or salary. The worker is alienated because he has no control over the labor or product which he produces. The capitalists sell the products produced by the workers at a proportional value as related to the labor involved...
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...WOMEN UNIVERSITY IN AFRICA FACULTY OF SOCIAL SCIENCES AND GENDER DEVELOPMENT STUDIES PROGRAMME : MSc DEVELOPMENT STUDIES COURSE : PERSPECTIVES IN DEVELOPMENT INTAKE : 5 NAME : NOBUKHOSI NCUBE STUDENT ID : W120979 LECTURER : DR E.S MAKURA ASSIGNMENT: Karl Marx theory shed light on the understanding of relations of people in the society. Discuss. DUE DATE : 06 APRIL 2013. Karl Max’s theory shed light on the understanding of relations of people in the society. Discuss The epistemology of the Karl Marx theory is of the premise that the history of all existing societies is the history of class struggles. Scholars have had a long standing debate on the significance of Karl Marx’s theory of class conflict. The other party argues that the theory of class conflict helps in the understanding of relations of people in society. In contradiction, there are scholars who believe the theory does not help much in understanding societal relations. This essay seeks to establish how the Karl Marx Theory shed light on the understanding of relations of people in the society. In this context society is defined as a group of people in general living together in organized communities with laws and traditions controlling the way that they behave towards one another. Society is divided into three classes namely aristocrats in the upper class, bourgeoisie in the middle and the down liners...
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...The difference between capitalisms and socialism is the extent that the government interferes with the financial countries growth of the society. Under capitalism, private citizens can own their own business with limited government interference. Under socialism, the government owns all businesses. Socialist believes that private citizens should share the wealth of the financial growth to equalize out the gap between the wealthy and the poor. Capitalist Society vs. Socialist Society Does one live in a country where they can have the opportunity to have personal wealth or live in a country where the government makes all the decisions? In Belgium, the socialist system believes that everyone should have equal equality; the government does not permit much freedom when it comes to the economy because it controls all forms of capital. Living in a capitalistic country everyone is concentrating on their own personal wealth and success, Socialism is concentrating on society as a whole. Concentrating on a society as a whole can impair society by putting hard working people in the same financial group as the non-hard working people. The same person working hard in the United States can secure success and wealth. In Belgium, that same person is not able to profit from his success or wealth because he has to give his earnings to the government. Julie, who lives in the United States, might try to persuade Jean-Paul that moving to the U.S. would be more beneficial to his overall...
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...Two Kinds of Entrepreneurs Alia Dangerfield BA540 Managerial Economics Dr. Jonathan Green May 8, 2013 Two Kinds of Entrepreneurs In today’s market economy I believe the scenario of lower interest rates and more capital is important today. I choose scenario number three because when interest rates are low people tend to borrow money. “When interest rates are low, capital is easier to acquire. This can spur economic development because, human nature being what it is, the more cash you have available, the more you are likely to pay for something you want – whether it is a car or that new plasma screen television” (Kennon, J., Internet). On the other hand lowering interest rates can cause an additional devaluation of the dollar. Not to mention, lowering interest rates may not actually help increase spending if confidence is low (e.g. the falling of house prices). A market economy of lower interest rates and more capital is more conducive toward economic growth and that is why I choose scenario number three. Socialist and communist economists argued that a total government controlled and planned economy would take satisfaction in a more rapid economic growth than a capitalist economy, mainly basing their case on the idea that an intended economy would maintain a steadier and higher rate of investment, free of the broken slowdowns of investments caused by periodic financial crises in the capitalist business cycle. It was also understood that a more democratic socialist...
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...Socialism is an economic system where the means of production, such as money and other forms of capital, are owned by the state or public. Under a socialist system, everyone works for wealth that is, in turn, distributed to everyone. Under capitalism, you work for your own wealth. A socialist economic system operates on the premise that what is good for one is good for all. Everyone works for their own good and the good of everyone else. The government decides how wealth is distributed among the people. In a socialist economy, there is no market as such. The government provides for the people. The taxes are usually higher than in a capitalist system. There may be government-run health care and a complete system of government-operated education. It is a misconception that people do not pay for these services. They do pay for them through higher taxes. Socialist systems emphasize equal distribution of wealth among the people. The Pros of Capitalism and Socialism The pros and cons of capitalism versus socialism have been debated for hundreds of years and there is a lot of misinformation out there. Capitalism increases the opportunities in the marketplace for personal economic growth. It increases opportunities for entrepreneurs to increase their personal wealth and for societies to grow as well. Hard work is rewarded under a capitalist economy. In a capitalist economy, consumers can work toward riches and financial freedom. A competitive market results from capitalism and consumers...
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...Capitalism vs. Socialism. “The US is a capitalist there corporations can sue and be sued. They can buy and sell property. They can perform many of the same actions as individuals. A capitalist system is a free market economy or free enterprise.” Belgium is socialism everyone works for wealth that is, in turn, circulated to everyone. Capitalism you work for your own wealth. A socialist economic system operates on the foundation that what is good for one is good for all. Everyone works for their own good and the good of everyone else. The government decides how wealth is spread among the people.” “In a socialist economy, there is no market as such. The government provides for the people. The taxes are usually higher than in a capitalist system. There may be government-run health care and a complete system of government-operated education.” “Capitalism increases the opportunities in the marketplace for personal economic growth. It increases opportunities for entrepreneurs to increase their personal wealth and for societies to grow as well. Hard work is rewarded under a capitalist economy “Socialism seeks to promote equality among people by providing them with many of the same social benefits. Examples of benefits that individuals in a socialist society are provided are educational, health care, and care for the elderly. Socialism means paying for things without necessarily expecting a financial return.” “Consumers and companies control the free market in the US.“ I would rather...
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...The term socialist has been thrown around quite a bit in the past few years. Not since the cold war has the term garnered so much attention in the press and from politicians. But when you look at countries who actually have a socialist economic structure, you can see some similarities to the United States – but there are some really stark differences. Below, you will see some of the most socialistic nations in the world today: China Denmark Finland Netherlands Canada Sweden Norway Ireland New Zealand Belgium Despite popular myths, there is very little connection between economic performance and welfare expenditure. Many of the countries on this list are proof of that, such as Denmark and Finland. Even though both countries are more socialistic than America, the workforce remains stronger. China In China the government manages and controls the economy. Many of the domestic companies are owned and run by the government. Recently, the Chinese economy has become more geared towards capitalism, but is still officially socialist. Life in China remains relatively less stressful and more relaxed than life in capitalist countries like America. Denmark Denmark has a wide range of welfare benefits that they offer their citizens. As a result, they also have the highest taxes in the world. Equality is considered the most important value in Denmark. Small businesses thrive, with over 70 percent of companies having 50 employees or less Finland Finland has one of...
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...Future of Modernization SOC/120 May 4, 2013 University of Phoenix Future of Modernization Modernization in the United States has four traits which were identified by Peter Berger in 1977. The first trait was the decline of small, isolated communities. Approximately one hundred years ago there were 40% of Americans living in cities. Today, 80% of the population lives in cities. The next trait is the expansion of personal choice. Most people choose their lifestyles instead of allowing others to make that decision for them. The next trait is the rising amount of diversity in the United States. Interracial couples are more accepted now then it was even 20 years ago. The fourth trait is the orientation toward the future and a growing awareness of time. Now people are planning for their future instead of reminiscing on the past. Karl Marx, A revolutionary socialist believes these traits are necessary for capitalism to flourish. “According to Marx, capitalism draws population away from farms and small towns into an ever-expanding market system centered in the cities” (Society: The Basics, Eleventh Edition, by John J. Macionis, Ch 16, pg 489). Many believed Marx’s views on modern capitalist society were negative, but he was positive on creativity, human freedom, and community. I believe modernization will continue in the United States, as our country is always looking for ways to develop new technology to make things in life quicker and more convenient. Fifteen years...
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...Noam Chomsky on Anarchism, Marxism & Hope for the Future The following are excerpts of an interview with Noam Chomsky published in Issue 2 of Red & Black Revolution. RBR can be contacted at Red & Black Revolution, PO Box 1528, Dublin 8, Ireland. The interview was conducted in May 1995 by Kevin Doyle. RBR:First off, Noam, for quite a time now you've been an advocate for the anarchist idea. Many people are familiar with the introduction you wrote in 1970 to Daniel Guerin's Anarchism, but more recently, for instance in the film Manufacturing Consent, you took the opportunity to highlight again the potential of anarchism and the anarchist idea. What is it that attracts you to anarchism? CHOMSKY: I was attracted to anarchism as a young teenager, as soon as I began to think about the world beyond a pretty narrow range, and haven't seen much reason to revise those early attitudes since. I think it only makes sense to seek out and identify structures of authority, hierarchy, and domination in every aspect of life, and to challenge them; unless a justification for them can be given, they are illegitimate, and should be dismantled, to increase the scope of human freedom. That includes political power, ownership and management, relations among men and women, parents and children, our control over the fate of future generations (the basic moral imperative behind the environmental movement, in my view), and much else. Naturally this means a challenge to the huge institutions of coercion...
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...MARXISM Over 150 years ago Karl Marx and Friedrich Engels wrote The Communist Manifesto. In The Communist Manifesto they were the first to give a thorough and scientific analysis of the laws and workings of capitalist society: why it results in the polarization of wealth and how it can be overthrown. In the last few years their ideas have been regaining popularity. At the end of 1999 Marx was voted the greatest thinker of the millennium in a BBC online poll. It is the economic crisis of capitalism internationally that has forced many to reassess their view of Marx. Capitalism is a cyclical system: crises can be caused by a number of factors, such as financial crashes or political unrest. Marx recognized that capitalism, despite all its abuses, played an important role in developing the productive forces and the world market. It was an advance from the feudal societies that preceded it. Today, capitalism has developed the world market and the wealth, science and technology have laid the foundations for a socialist society. Under capitalism, wealth and power have always been concentrated in the hands of the capitalists. And the development of technology is driven by the need for profit. The anarchy of the capitalist market always results in increasing wealth and power for a few but poverty for the many. Today the capitalists are a far wealthier and a far smaller class than they were in Marx's time. In the last 50 years the wealth gap between the richest 20% of humanity and...
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...“The Great Depression (1929-39) was the deepest and longest-lasting economic downturn in the history of the Western industrialized world” (The Great Depression-History.com 2012). The great depression is said to have begun after the First World War, It was a time of hardship and uncertainty. Although the great depression began in the United States it spread throughout the globe and affected almost every country. It brought about drastic declines in output, severe unemployment, and serious deflation. Many countries such as Britain, Germany and France came out of the war with large debts to pay, this was due to the fact that they had been borrowing from The United States of America, after its entrance into financial crisis the rest of the countries depending on its financing would inevitably enter down turn and face similar crisis. World War 1 also left many industrialized countries weak and in large debts, they needed to finance the rebuilding of their economies and industries that were damaged during the war, this made it harder for them to recover. There are a number of explanations to as what brought about the great depression in 1929. These are structural and monetary weaknesses as well as a number of specific events that enhanced the effects from one country to another and eventually to all major industrialized countries. What Caused the great depression? The depression was also said to have partially started with the crash of the stock market in...
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...The Commanding Heights After World War I broke through, people in the world feared globalization. Ignorance was taking over people, fearing of what they didn’t know. They were skeptical, specially when terrorist attacks and depressions begin to happen. What people needed, and some still do, is to understand that globalization doesn’t make is dependent but interdependent. After War World II, the world economy was down as well as the trust people had in their governments. Governments and the marketplace both wanted to take over and reinvent the world’s economic order. The main question everyone wanted, and needed to know was “Which one is the best option? Which is the best style of economy for our economy and the rest the world? Which one is the best for every country, understanding that globalization was something that was meant to happen? John Maynard Kaynes was an educated, unconventional English man. He thought the government was there to defend people’s freedom. After going to school in Cambridge, he became friends with artists and economists. He made a fortune in the stock market, lost it all but made it all back again. He was a with the business man, people in congress and helping the government out by analyzing and giving solutions on how to organize and manage their economy. Later on in his life, Friedman, who had strong critiques on Keynes’ ideas of the government being a protector of the people and their freedom, made him step back, re-thinking his theories...
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...Michael Novak’s view on the History of Corporations This section of the paper discusses the history of the corporation, its origins and development as well as the various and definitions of the term stakeholder. This section also discusses the differences between various management philosophies and how each philosophy views the term stakeholders; a) the traditional American view of stakeholders as owners, b) the social democratic view where stakeholders have claim or stake in the firm. The American view is the foundation of freedom and liberty while the socialist view refers to the slavery and despotism. The Existence of Corporations The answer to the existence of corporations doesn’t refer to certain date or time. The actual existence of corporations refers to what one means by the term as the corporations have existed for several centuries. Surviving in the corporate world generated from the founding generations of farmers and fishermen, owners of land, churchman, etc (Jennings, 2012, p.105). Michael Novak viewed the corporation as a calling (Murphy, 2008) that generated from the business men who have ethical standards on what they were introducing to society. These ethical standards can be of good or evil. The society has great impact over big corporations. Society can make or break a business depending on the products introduced and how successful it can climb in the market (Jennings, 2012, p. 106). Many businesses grow based on their ethical views and how the market will...
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...COMM020 Steve Lipman 11/08/2012 Assignment: Analyze the debating of “Does China do capitalism better than America” hosted by Intelligence Squared Does China Do Capitalism better than America? There is no doubt that China is rising whether the American people like it or not. What kind of impact is China having on American economy and trade policy? Intelligence Squared hosted a very interesting debating called “Does China Do capitalism better than America”. The audience first voted for the motion, but 35% changed their minds after hearing the debate. How did the team against the motion change the audience’s minds? The debating strategy played a key role during the debate. There were two teams in this debate. For the motion team, Orville Schell, Director of Director of the Center on U.S. - China Relations at Asia Society & Award-Winning Journalist; Peter Schiff – CEO & Chief Global Strategist, Euro Pacific Capital. Bestselling books, Crash Proof: How to Profit from the Coming Economic Collapse, The Real Crash: A Blueprint for a Bankrupt America. Ian Bremmer and Minxin Pei were on the team of against the motion. Ian was much energized and casually dressed without a tie. Minxin Pei was from China, and earned his Ph. D from Harvard University. Currently he serves as Professor of Government at Claremont McKenna College. In 2006, he published his second book, China’s Trapped Transition: The Limits of Developmental Autocracy. From the book...
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