...not really accurate to say that we live in a capitalist system. Rather, what we have in the United States today, and what most of the world is living under, is much more accurately described as “corporatism”. Under corporatism, most wealth and power is concentrated in the hands of giant corporations and big government is used as a tool by these corporations to consolidate wealth and power even further. In a corporatist system, the wealth and power of individuals and small businesses is dwarfed by the overwhelming dominance of the corporations. Eventually, the corporations end up owning almost everything and they end up dominating nearly every aspect of society. As you will see below, this very accurately describes the United States of America today. Corporatism is killing this country, and it is not what our founding fathers intended. Corporatism is actually not too different from socialism or communism. They are all “collectivist” economic systems. Under corporatism, wealth and power are even more highly concentrated than they are under socialism or communism, and the truth is that none of them are “egalitarian” economic systems. Under all collectivist systems, a small elite almost always enjoys most of the benefits while most of the rest of the population suffers.The Occupy Wall Street protesters realize that our economic system is fundamentally unjust in many ways, but the problem is that most of them want to trade one form of collectivism for another. But our founding...
Words: 3889 - Pages: 16
...The Trend of Global Capitalism Qiudong Wang All sovereign societies on earth can be put roughly into two categories: developed and under-developed countries. The developed countries, including the United States, Canada, most of west Europe countries, Japan and Australia, are all free capitalist society with a well functioned democratic government and a free market economic system. The under-developed countries, including Russia and east Europe countries, India, China, Mexico, South America and Africa, are relative poor, where capitalism has not yet developed into a healthy form. In Middle East, Israel belongs to welldeveloped camp but the rest goes to under-developed category. In this essay I will discuss the history, the present and the future trend of politic and economic relationship between developed and under-developed countries. My purpose is to develop an intellectual framework, through which one could acquire a comprehensive understanding on basic characteristics of various human societies and their interaction in today’s world: where they were from; where they are now; and where they are likely heading to in future. I will illustrate that there are three different systems in under developed world: the under-developed capitalism, the totalitarian capitalism and the military imperialism of developed countries in Middle East. Developed countries, in dealing with under developed world, are in a very much favored position. They are with full strategic initiatives in the on-going...
Words: 5315 - Pages: 22
...Module 8 part 1 Abdulwali saleh 10/31/2014 In the promise of Europe, Steven Hill has raised many points in many areas that he believes EU has been achieved. He compares those areas to the United States, and clearly in his book prefers the EU policy than that in the United States. After he mentions the three models, actually the forth models; THE USA, china, Japan, and the EU model, He believes that EU developed model is the best one for the world in the 21 century. In order to present the model as the suitable one, Steve stresses many points that EU pass out the USA and show how USA continues to miss lead the public and presents its model as the bet one. Among those issues that he has stressed, USA media and what has associated with it in term of European economy and American view , welfare and social system and what associate with it. Steven Hill stresses that because of American media and political leaders taken a model adaptation, in term of who is right or who is wrong, and which model beats the other. Instead take it, from the point that we just need to learn from together, and we have to teach together in order to save ourselves and the world as the whole. Taken for consideration that there are countries round the world who needs to get to where we are now, to have the same chance that we had have, but how they going to achieve it without burning the world, without global warming environment chaos, if our media until today doesn’t has a transparency...
Words: 1560 - Pages: 7
...groups are superior to others. Racism and discrimination have been used as powerful weapons encouraging fear or hatred of others in times of conflict and war, and even during economic downturns. Racism is also a very touchy subject for some people, as issues concerning free speech and Article 19 of the Universal Declaration of Human Rights come into play. Some people argue that talking about supporting racial discrimination and prejudice is just words and that free speech should allow such views to be aired without restriction. Others point out that these words can lead to some very dire and serious consequences (the Nazi government policies being one example).Race: Are We So Different, Understanding Race, American Anthropological Association (AAA), July 8, 2009 In a short video the Understanding Race project from the American Anthropological Association says race is a powerful idea and an enduring concept, invented by society. It has also fostered inequality and discrimination for centuries, as well as influencing how we relate to other human beings. Curses of Racism in History Racism did not originate from a single source, but rather from a combination of several strands of historical development...
Words: 2644 - Pages: 11
...Capitalism In Karl Marx's Communist Manifesto, he describes the Communists as the party that "fights for the interests of the working class"(136), while in a Capitalist society, the "living person is dependent and has no individuality-----only capital is dependent and has individuality"(84). That is not the case of today's society once you take a closer view at the comparison and contrast of communist Vietnam versus the democratic United States of America through their economy systems, educational systems, judicial systems, and the life style of their citizens in general. In a capitalist, democratic nation such as the U.S., freedom gives us just about everything and anything that the Vietnamese do not have under their communist government. Contrary to what Karl Marx has written in his manifesto, the living people of a capitalist nation (i.e. USA) of today are more independent and possess more individualities than ever. Economic-wise, Americans are the most progressive people in the world. The U.S. government is not directing the flow of its economy, but the individual businesses of its people are. These people have all the rights in the world to improve their businesses, as long as they are conducting them under the legal guidelines of the government. Such freedom in a capitalist society gives the Americans much greater advantages over the Vietnamese in improving economic conditions. When we touch upon the subject of education, only eighty percent of Vietnam's population...
Words: 1072 - Pages: 5
...Different Environmental Value Systems First Nation Americans (Native Americans) VS European Pioneers Native Americans are traditionally known as being rather ecocentric and tend to be deep ecologists. However, European pioneers who settled in North America during the late 1800s were known to be rather cornucopian as they followed a more capitalist system. Native Americans believed that everything was connected to each other. They had a deep respect for the natural world and thought of themselves as being a part of it and not lords who had the absolute power to do what they wanted with it. Much of their religion was tied to nature. They had a holistic approach on life, which also links, to biodiversity. This is a different view to the European pioneers as the Native Americans did not believe in a hierarchy system and assumed that humans were one part of a whole society. This can also be seen as being their belief in stewardship, where they believed that it was their responsibility to take care of the earth by living in harmony with nature and taking care of it as much as they could since their beliefs told them that everything had a spirit. Native Americans refer to the planet as being “Mother Earth/ Mother Nature” as they believed that the land itself was a living entity therefore it could not be owned by anyone. On the other hand, there were the European pioneers who would divide up the land and use it as a source of capital or a way to gain income. As for the...
Words: 782 - Pages: 4
...with one another. For every civilization that triumphs, others must suffer. For a majority of human history the strongest nations were comprised into a group known as the West. The west is home to the ideologies of democracy, capitalism, and consumerism. The idea of democracy has been forced upon many nations in the world by the Western states. Democracy however has been shown to be a very easily manipulated system. Capitalism has shown the need for expansion and exploitation over Africa, Asia, and Latin America. The west has always been in contention with other nations, along with contending with each other. Competition between western nations has led to a technological race and an arms race, which is now more apparent than ever in the United States. With military might came the need to take over other nations and thus the ideas of imperialism, and nation aristocracy. Africa, Latin America, and Asia has suffered and continues to suffer a great deal because of the triumph of the west through exploitation, expansion, and wealth, all major goals of capitalism and imperialism. The West has retarded the development in all facets for many countries in Africa, Latin America, and Asia and thus led to the suffering of the world. One of the oldest ideologies from the west to the world is democracy. Democracy comes from the Greek words “demo” meaning people and “kratia” meaning rule, therefore rule of the people. Democracy is an egalitarian system of governance where all citizens...
Words: 2729 - Pages: 11
...Pure capitalism is the best form of economic system because people are almost completely free to buy and produce what they need or want without any or very little government restrictions. Pure capitalism is also known as “Laissez-Faire” or hands free, it’s when the government has little or no control over the economy. The movie “Atlas Shrugged” takes place in 2016 where the economy is the complete opposite of capitalism, the government takes control over, almost everything and the whole economy crashes. Pure capitalism is best because there is no or very little control or limit on what people can produce. There’s five characters of a Capitalist economy. One characteristic is a Two-Class System, this means that society was historically characterized...
Words: 675 - Pages: 3
...media effectively paints a largely negative of poverty in the United States. Media portrayals also disproportionately represent the American poor as being almost entirely composed of people of color, especially African Americans and Latinos. The legacy of the representation of public housing and the American poor has thus resulted in a hegemonic image of the poor, in which they are dehumanized and blamed for their own socioeconomic status and living conditions. In “This is Home”, a spoken word piece performed by Deandre Evans, Will Hartfield, and Donte Clark, three poets from Richmond, CA, who worked in conjunction with reporter Amy Julia Harris, illuminates the various realities faced by residents of the city’s Hacienda housing projects, whom have had to endure horrible living conditions, resulting...
Words: 1447 - Pages: 6
... | | | Introduction The 2009 economic crisis was significant for two reasons: the rapid rate at which the free market constraints were dropped, and the lack of any stable resolution by the Left (Mellor, 2009). Tenets pertaining to market domination suffered a lethal crack owing to multiple nations realizing the inessential communization, rather than the actual, of economic arrangement (Mellor, 2009). The core of the problem was complicated, but simplification showed it was the nonstandard arrangement of the monetary system that created a complicated scope of financial tools and entities to be formulated. Capitalist economies were “democratized” in a process involving de-mutualization, privatization and an always-available monetary obligation (Mellor, 2009). Homes were seen from a different perspective as financial additions, rather than...
Words: 7080 - Pages: 29
...Islamic Economic System All other economic systems,except Islamic Economic system, have been designed by human thoughts while Islamic Economic System has been bestowed upon human society by Allah through Holy Quran and the Sunnah (acts) of Muhammad (P.B.U.H). This is the reason that Islamic Economic System is quite different then the other systems. Distinguished characteristics:- Capitalist says "Economic Freedom" to producers and consumers. Socialism says "Economic Equality" achieved through state ownership of the means of production. The distinguish characteristic of an Islamic Economic System is "Economic and Social Justice". So that every body gets his/her dues. The Concept Of Private Property:- In a capitalist system unlimited liberty and right of ownership for private property is given which has resulted in the capitalist exploitation of workers.In socialist system private property are not allowed. Islam allows an indivisual to acquire property, movable or immovable, through lawful means. He can earn as much wealth as he can through his knowledge, skill experience and effort. Allah in Holy Quran says: "Do not devour another's property wrongfully-unless it be by trade based on mutual consent." (Al-Nisa: 29) Production Of Wealth:- Capitalist motive is only profit so they produced goods for only profit.In socialist society central...
Words: 712 - Pages: 3
...century. As we all known, the Great Depression began at September 4, 1929, with the sudden fall in stock prices, and rapidly became worldwide news with the stock market crash of October 29, 1929 (known as Black Tuesday). It started from USA, and quickly sweep European countries as well as all over the world. This crisis had huge impact on all the people across the world, various industries, economic fields, and all the social life. Personal income, tax revenue, profits and prices dropped, while international trade plunged by more than 50%. Unemployment in the U.S. rose to 25%, and in some countries rose as high as 33 %2. The Features of the Great Depression Compared with all the crisis happened before and after, this crisis gets some distinct features: firstly, the scope of the influence of the great depression is so wide. At that time, USA was the most powerful country in the world as well as the biggest creditor country. The American finance had close connection with all the capitalist countries and the international business market. The crisis spread from American to the vital capitalist countries Germany, Japan, Britain and France. The capitalist countries wanted to transfer the crisis to other countries, so the depression affected all the colonies in a wide range, semi-colonies and underdeveloped countries. Besides, if we analyze the economic scale of this Great Depression, we could find the credit and loan crisis, industrial crisis and agricultural crisis all happened together...
Words: 1935 - Pages: 8
...Gatsby The American dream can be summed up as such: The ability for any individual regardless of their initial socioeconomic status, to achieve great monetary and social wealth. In the capitalist society of America, the belief is to become rich is integral for all its citizens. This is opposed to the Marxist view on equality, since for a person to be wealthy another must inevitably be below him. The society in The Great Gatsby exemplifies the flawed aspiration to accomplish the American dream. Through the experiences of three prominent characters in the novel: Myrtle Wilson, Nick Carraway and Jay Gatsby. The errors of the attempt to change ones class in a class-based system are personified. Myrtle...
Words: 1371 - Pages: 6
...customers off the phone with a quick transfer to another department, that can’t even resolve that customers issues. Many of them don’t have any work ethic. Work ethic is a belief in the moral benefit and importance of work and its inherent ability to strengthen character. I think the importance of work will show if you are performing in a job that you love. In most work environments that I have worked in it’s the same. My co-workers hated that job, they hated the long hours and they hated the boss. They would dream of the day that they would no longer have to do this job and actually retire. 2. Explain the implications of the work ethic Sheehy describes for the future of American business. In the case study the implications are more based on that of college students. It seems as the future of American business will have younger employees focused on no-holds- barred,...
Words: 996 - Pages: 4
...102 Essay 4 Kinghon, Kevin A Capitalism in United States What Kind of Capitalism does Americans want? First of all, I am going to show a quick overview of the unfolding of capitalism since the Great Depression, which I believe is vital in order to understand the capitalism that exists in the United States today and some of the problems to it. Then I will look at four different complex areas of free market capitalism in America compared with the Scandinavian government control capitalism. I will then talk about what kind of capitalism we want: We being different interest groups, such as the shareholders, the C.E.O.'s, the average worker and the poor. Finally I will talk about what values might be at stake in capitalism. In the United States, the 1930s Great Depression threatened to knock out the capitalism that had been gradually developing for the past 400 years and this led to abandoning the laissez faire capitalism and instead embracing the New Deal concept of government managed capitalism in order to control money supply and government expenditure, and in order to limit the increasing gap of inequality of income. The 1950s and 1960s were decades of equality, but the energy crises of the 1970s forced the government to kick start the economy imposing new taxation benefiting the rich and once again causing widening inequality. Today, capitalism is the most important economic system of the Western world, in its however various forms: In the United States a more free-market...
Words: 1399 - Pages: 6
