Essays on Capitalists

In order to fully understand the concept of Marx’ class conflict and how it contribute to the shaping of capitalism, people need to grasp is definition of the term class. By definition class is ownership of properties. In line with ownership a person is given the power to exclude other people from a specific property and use it for his personal benefit. He also has to right to maximize that property in any way he deems beneficial on his end. This rationale suggests that more property a person has the more power he has over others. As a result, ...

Abstract

The paper reviews the two different types of government administration; capitalism and the socialism. The capitalism structure entails generation of wealth by private entities and people through investments. In this type of structure, wealth is owned by the individuals or organizations that generated the wealth. The socialism structure is almost similar to the capitalism structure. However, the significant difference is that in socialism structure, the government controls ownership of property. These two structures have differences and similarities. There are few similarities between the capitalism and socialism structures while there exists a large gap of differences between them. Socialism structure ...

Abstract

Entrepreneurship refers to the willingness or the ability of an individual to start and manage a Business Venture. The risks associated with the new Business Venture are taken into account and the individual develops the plan to manage those risks and implement the plans in order to make profit. Such an individual can be referred to as an Entrepreneur. A new business venture depends heavily on innovation, inspiration, motivation and human and non-human resource planning and the risks associated with these factors. An individual faces two options after graduation, whether to start a business venture or join an organization ...

Voluntary Simplicity Meets Modern Consumerism

INTRODUCTION When people look at the modern world today the first thing they recognize is the evidence of humanity’s development of the world, how they harvested the needed environment for energy and rejoice in the modern technological advances that allow for a fantastic amount of convenience to many people’s everyday lives. However, many of these same human beings fail to consider the consequences, on many levels, that all of these developments and advances may lead to. Many argue that these advances and conveniences have led to an unhealthy kind of consumerism; ideologies that place a great deal ...

Industrialization after the Civil War

Introduction .3 Economic Development ..3

Political Development .5 Social Development 7 Conclusion ..8 Reference ..10 Introduction The American Civil War of 1861-1865 was a historical momentum of great significance. The capitalists of the North beat the South and thus determined the development of the whole State for the years to come. Due to the immense amount of natural resources, which facilitated the industrialization of the United States, the latter was also able to adopt the capitalist theories and implement them. The Civil War was a milestone in history which boosted the general development of the State and its industrialization, ...

Critical Analysis Paragraph 10

The subject article proposes a modification of Rawlsian Justice Theory to be centered on social and subsistence security. This amendment will, however, narrow the scope of the theory as other elements that are not listed are lost. While security and subsistence justice is critical to a stable society, the input of the people existing in particular society count. It is therefore, imperative that elements and term of the agreement, remain hypothetical as Rawls intended. Listing an item of interest one by one may go to infinity and as the society is made up of different people probably with different ...

At different stages of startup implementation business angels, venture capitalists and are concerned as the main traditional sources of financing for such projects. At the same time, entrepreneurs have more options of raising money through crowdfunding, an innovative method of online fundraising from a large number of investors. It is defined as popular method of financement. The three mentioned methods are appropriate for the Teaching Penny Stocks project. Before applying one of these financement models on practive, it is nessecary to define their advantages and disadvantages. It should be noted that getting access to capital is no longer crucial ...

Advantages of debt financing

There are numerous benefits an organization stands to enjoy due to debt financing. These advantages include the potential for greater investment on returns due the borrowing capability. Additionally, the opportunity cost is justified during the low-interest rates which can make the business to borrow more.

Disadvantages of debt financing

The growth and development of a business that relies heavily on borrowing can be limited, additionally, there need to pay a constant monthly interest that can be costly to the business. Apart from the need of paying interest, there is the problem of cash-flow which can increase when the business is responsible for paying ...

Slavery as an institution takes various forms and it spans numerous centuries. The compatibility of slavery with different economic systems is evident from a simple analysis of the existing economic systems. The narrative of rise and fall of slavery have been used to depict the development of the modern capitalism. By looking at various aspects of a capitalist economy, it is apparent that slavery has major contributions to the success of the modern capitalists. Great differences in economic power, competitive ability, production efficiency, cultural orientation, and political powers exist between the capitalists and the wage earners. Karl Marx described ...

1. Capitalists and workers.

An age-long conflict.

Revolution as the only means of fighting social inequality. Result of revolution. According to Karl Marx, social inequality results from the fact that human society is comprised of two basic social classes – capitalists and workers. Capitalists own the means of production that are used to produce wealth, namely plants, factories, equipment etc. Capitalists use workers to enrich themselves by exploiting their work. In other words, they pay them just enough to have an accommodation, food and other necessary things for survival, while the majority of profits goes to capitalists. Marx traced the history of cohabitation ...

The Evolution of Economics, Economic Systems and Politics

The science of economics, starting with Adam Smith –the father of economics, is the total efforts for developing an understanding of the economic behaviors of the humans. The science of economics follows a development path in defining the economics. The first definition of the economics was based on the household management. Members of family specialize in completing some specific tasks. The specialization relies on the genders' traditional functions. This definition was developed by the philosophers in the ancient times before the Dark Age in Europe. Adam Smith developed this definition by creating a theoretical economic system which has the ...

1.Take Notes on Malthus's social concern the struggle between workers, landlords, and capitalists? Malthus's first writings were in the unrest position of the workers against the landlords, proprietors, and capitalists. The economic system was allowing the wealthy people to receive the most of the revenue, and the labor was in the uncomfortable conditions. Malthus developed his law of population which defended the rich people. According to his law of population, the wealthy groups could get the power in the economy, and that was a natural process in the economy. He was aware of the social welfare issues. He defended ...

Abstract

“Bartleby the Scrivener” is a marvelous short story of the American nineteen century that has been discussed greatly from various disciplinary perspectives over the last century. Bartleby has been seen as a revolutionary figure who intentionally disrupts the capitalist system and has been traced to numerous real people, including Thoreau, Emerson, and even Melville himself. Critics have attached numerous equivalences to the protagonist; therefore, it is important to study the historical, political, and cultural context to choose the proper one. “Bartleby the Scrivener” demonstrated not only allusion to specific people and conflicts in New York but also showed class ...

The Finance Department of firms provides correct and appropriate sources of equity capital for any new venture or start-up business to begin their operations. Any entrepreneur interested in new venture stocks up the equity capital provided by the finance department of strong firms or individuals and begins the operations. Equity capital is defined as capital cash that is free of debt provided by the business or investor to start the operation of any company. Equity capital investment done by the firms is in the form of issuing shares of the company to the firm who invested in it. Firms ...

There is a common misconception in the business world that without money a business cannot be operational. This is because any business requires money to undertake and develop. It is important to note that a business starts with an idea and the business is the implementation of an idea (Amabile 12). The implementation of the idea requires funds for execution. Notably, the first requirement in a business is an idea. It is difficult to have a viable and practical idea than to obtain finance to implement the idea. Most businesses have already been explored and thus the difficulty experienced ...

The nineteenth and the beginning of the twentieth century have brought some dramatic changes in all aspects of human life. Technological advances, industrial development, new political and social movements have changed the common perception of the social structure, the rights of the different social groups, and the wealth distribution paradigm. In the United States, the period is known as the Progressive Era, where positive changes, improvements in all aspects of life were embraced by the majority of the population and, most of all, by the emerging middle class. Labor movement, socialist ideas and women’s suffrage were all products ...

A critical analysis of decision- making methods/ heuristics

Decision making involves a process in which choices are made by setting goals, collecting relevant information, and performing an assessment of the available alternatives to make the best choice. Decision making is crucial to the management in determining the optimal choices from multiple alternatives available in business operations. According to Goodwin and Wright (2014), various heuristics are deployed in the process of decision making by the individuals or organizations depending on the alternatives involved. These methods include recognition, minimalistic, and lexicographic approaches.

Recognition method

In this method, the decision making is determined using set criteria for evaluating the available alternatives. Primarily, ...

Cohen’s idea about the way society works has attracted a great number of opponents and advocates. He explains his idea by telling the audience the example of the camping trip. During such trips people share food and everything that they brought to a picnic. In such situation we can witness a so called socialist equality in the community. Every person participates in the process. There is no advantage taken. Every person who came to the picnic shares and contributes towards the event. And then people turn into capitalists. Different people show their demands because they believe that they ...

The cold war marked a period of political tensions between numerous countries after the end of t the Second World War. These tensions were mainly between the communist nations and the capitalist countries. The most opposing parties within this conflict were the USA and the now defunct USSR. In the 1970s, the cold war mainly referred to the period that spanned between the aftermath of the Cuban missile crisis beginning October 1962; all the way to the Détente period from 1969 into the 70s (Shaw 71). The Cuban crisis arose from a confrontation between the Soviet Republic and ...

The road to obtaining independence in colonies was never easy. Lives were lost, property destroyed, families separated but still independence had to be achieved from colonizers. There are several leaders in history remembered for leading their countries towards independence through organizing and uniting the people and educating them on the importance of self-freedom as well as the independence of their state. Such leaders are known for being at the forefront in leading revolutionary movements in their countries through their ideas and actions. This paper, therefore, focuses on revolutionary ideas of individuals such as Marx and Engels, Lenin, Gandhi, Fidel ...

Part 4 and Part 5 Final Paper

Actual changes that are eminent in the expounded Chapter three of ‘A History of Usury and Debts’ entails an in-depth insight of the connection between war, capitalism, Protestants as well as their significance in the development of banking and debts around the world, an ordeal which reflects the current status of financial markets. The author well explains Protestants' connection to usury and debt, and how the selection from the Roman Catholic influenced other themes in the chapter, such as war and capitalism (Geisst 107). Actual changes include the way the three themes related in the previous part is construed ...

Contemporary capitalism can be termed as a concept that mainly lingers on the around Marxism in regards to the ‘periodization’ of capitalism. According to Streeck, the long debates that hint contemporary capitalism aim to bring huge changes in the basis of social reproduction. This also challenges the characteristics of the trends of capitalism that seem not to be clear and identifying new trends and features that present themselves across regions, sectors and countries. This paper aims to give an insight on the paradigms that make up capitalism. In the same order, it explains the available alternatives that exist to ...

Geisst R. Charles’, Beggar Thy Neighbor: A history of Usury and Debt.

Part 2: Description of Expected Plans of Revisions and Expansions.

This paper primarily focuses on examining the three themes that dominated the era of usury and debt. The segregation of Protestants from the main denomination, that is, the Roman Catholic Church, the subsequent wars and Capitalism are some of the major things witnessed during that era. This paper will explore the major themes while having a look whether there exist any form of connection between them. From the Authors point of view, there is a connection between the three themes therefore he discussed them as a single ...

Scarcity is the economic problem often experienced by many companies in the world. It is the art of having too many and unlimited wants in a world where there are limited resources to satisfy those wants. The economic problem makes a society deficient of productive resources to fully satisfy the human wants. Wal-Mart as an organization has devised methods to try curbing the problem of scarcity in the society (Ferrell, John, and Linda). Walmart spends approximately $7.6 billion in a year to buy back shares of its own stock. Just as scarcity in the art of having too many ...

Introduction

The growing cost of college education has raised debates about how viable a college degree is. These debates are further fueled by required knowledge and skill sets required for current job market. Given current unemployment rates (coming in heel of an unprecedented economic recession), investment in college education has not only become a financial burden long after graduation but is also becoming, critically, less rewarding from a job prospect perspective. Indeed, "overeducated" college graduates – particularly ones completing an undergraduate or a higher degree in software engineering or digital media majors – are experiencing particularly painful job experiences, particularly during early ...

The Industrial Revolution was characterized by the adoption and maintenance of harsh factory rules by the industrial capitalist (Spielvogel 2014, 147). Accordingly, this paper is predicated on the thesis to the effect that there exists a direct causative correlation between the rigorous factory discipline adopted by the industrial capitalists during the industrial revolution and the success of the industries in question. Based on the efficacy or lack thereof of the Factory Rules of the Foundry and Engineering Works of the Royal Oversees Trading Company in Berlin, this paper seeks to evaluate the veracity of the thesis. It has been ...

The most appealing of the four major and three minor ideologies discussed in the text, is social democracy. To be sure the principles of social democracy present a political framework that seems the most flexible as well as the ablest to resolve common and traditional problems that affect most modern democracies such as economic and social inequality, the amassing of wealth in the hands of the few (Newton and Deth). In other words, social democracy presents a framework to achieve the best of all ideological choices. Social democracy for instance, does not demand either a fully privatized economy as ...

A fundamental problem facing new democracies is the hijacking of the political process by elites. Economic performance is affected by elite politics leading to underdevelopment and sometimes morphing into political violence. The transition from colonial regimes to democracy has been subverted by the harm that was done by the colonial subversion of traditional institutions in favor of artificial Western ones. This provided an opening for the rise of elites and the rule of ‘the big men’ (Owusu, 1992). What role do elites play in transition to democracy or its opposite? This paper seeks to provide an analysis on how ...

Introduction

The capitalism and socialism debate have been conflict-ridden as the left-wing rarely does agree with right-wing. In the United States, the Democrats are referred to as left wing while the Republican is referred to as right-wing. Most of the right wing policies are geared towards pure capitalism while the left-wing is socialism or communism inclined. The left wing support capitalism with a human face while the right wing desires to have a fully supported freedom to do things be it business or politics. It is in this regard that fault socialist capitalist for ills happening in the world.

Capitalism and Socialism Supporters views about 2008Financial Crisis

The ...

The debate between capitalism and socialism has leaned unevenly towards capitalism in the past decades, after the threat represented by communism has silenced the voices of pundits and academics almost entirely. However, history has shown that global capitalism does not necessarily answer the economic problems of poor countries, and even developed nations, such as the United States, are struggling in this economic environment. While some authors argue that the precepts of capitalism and socialism are too different to be combined, and capitalism and socialism only make sense in their purest forms, others believe that socialist ideas must be engrained ...

European colonization of the North America began in the 15 century when John Cabot reached the northern part of the island of Newfoundland and declared it the possession of the English crown. The meeting of Europeans with indigenous people of North America was followed by both not equal fight, and interaction. However, as a result of this racial and cultural mixing was born and began to develop a new civilization. The colonists did not find gold in the new lands and therefore, their development differed from the Spanish conquest and at the first stage was peaceful. Before the colonization ...

Introduction

Towards the end of the twentieth century and in the first decade of the twenty first century, the world has undergone a drastic change. This has been, in a large measure due to the tremendous advances in transportation technology and internet communication technology. Goods and services from any corner of the world are accessible to anyone in any other part of the world. The rich and the middle class all over the world have access to latest in fashion, food and electronics. However, in every country, a considerable fraction of the population live in abject poverty and the modern ...

In his tenth novel, Charles Dickens assessed the social and economic pressures of Victorian society. The times were harsh, especially for children struggling to survive and make their way through life. This brief essay discusses some of the abuses of children during Victorian times. Industrialization in the Victorian era created urban growth and a large influx of industrial workers that further divided English society into recognizable classes that emerged as the capitalists or new middle class and the working class. Both are represented in the characters and plot developments in Hard Times. About one-third of Queen Victoria’s subjects ...

Capitalism and individual freedom are two concepts that mirror one another to create an influence on the way that economies function. Milton Friedman and McNally Robinson provided perspectives on those two concepts and how they affect one another in the society. The primary focus is on how the government can intervene in a free market without impacting the freedoms of the individuals in that region (Friedman 15). Capitalism refers to an economic system that allows the participants to control the investments and means of production at individual level (Beckert 324). However, that does not eliminate the participation of the ...

Forrester Research

The posts highlight on the best modes of presenting reports. Ideally, the presentations that are often help in conveying information in a company set up are brief. The reports include short and long technical reports, memos, letters, and management reports. The post explains the emphasis made by Pamela Schindler and Donald Cooper on the need to meet the demands of the audience. Notably, there is the need to customize the report as per the audience expectations. The posts use an example of Forrester Research. The report takes up the structure of a formal report. For example, problem statement begins ...

The movie The Educators by Hans Weingartner puts forth all the struggles of the post-unification in Germany. In Berlin, consumer and proletarian societies have eventually been forged together, and thus the film mainly struggles appropriately to find a stable balance between the issues. The movie mainly represents a trio of three very rebellious liberals, who decide to break into the homes of wealthy capitalists to rearrange their belongings and furniture rather than stealing the precious items. Additionally, this trio decides to leave a note passing a certain message such as notifying them as well as warning others. As the movie proceeds, the trio ...

1) Explain the Systems of Stratification beginning with SLAVERY; be thorough, ESPECIALLY WITH THE CLASS SYSTEM.

When social inequality prevails in the society then stratification arises. Stratification paves the way to the unequal power, authority and rewards. Poverty is the biggest cause of stratification, and it arises because of the class system prevailing in the society that paves the way to the ascribed and achieved statuses. On the ascribed status, the individual does not have any control. Examples are the race and sex. The achieved status is acquired by an individual on the basis of efforts, abilities and ...

Part 1

- In what ways did the video "The Crisis of Credit" demonstrate the failure of the banking industry's Fiduciary Relationship to investors and home owners?

The video explains a worldwide financial disaster that effected everyone. It started on the burst of the dot com bubble when the federal reserve of the United States decreased the interest rate to 1%. This value dramatically dropped the investment level because of the reduced ROI. This action made banks to take more and more loans from the Federal Reserve. The leverage increased as it became very easy to return a loan, so the demand for credit increased rapidly.

The banks took a lot of credit, and they were easily able to payback and made a lot of profits. Investors saw this as ...

Introduction

Characterized by an impressive history and dynamic foreign relations focused on controlling the resources of this area, Gulf region is an interesting case study for understanding the international relations (IR) theories. This essay aims to identify how IR theories explain the situation in Gulf countries and to decipher the Arab Spring and its foreign relations.

Body

Gulf countries have built a self-constructed image of being different because of their common Islamic religion, shared same history, common language and experiences (Gelvin 2). Shimko (37) observes that collective egoism is enrooted in the belief that the members of certain groups are better than ...

Application

Marx’s theory of alienation has been applied even in modern colleges. In colleges and universities, there are accumulating debts for the students. The money given to students is like a vehicle that depreciates with time. These debts are accumulating with interests that must be repaid at the end of graduation. Paying back the loans over a long period and out of low income can rule out possibilities of making other financial investments. Students leave these schools in worse financial shape than they were before they enrolled. This makes them financially alienated and they suffer alienation from the society. This debt ...

1. What does Appleby argue was different about global capitalism in the last quarter of the 19th century than the previous 300 years?

According to Appleby, capitalism is not just a result of actions, rather a result of a capitalist mentality. The author argues that even though capitalists existed 300 years back, the overall global attitude towards capitalism did not prevail. Focussing on England itself, she states that up to 300 years back, when capitalism was non-existent, up to 80 percent of the total population was engaged in agriculture. It was only after the innovations and new agriculture techniques came that there was seen a drastic fall in the agriculture labour. The surplus labour hence was absorbed in other manufacturing practices. The other difference that can ...

The second episode of “Chicago: City of the Century” is dedicated to the events happening in Chicago after the big fire until the mass protests and conflicts of anarchists and socialists with capitalists in the beginning of the 20th century. The author focuses spectators’ attention to the strikes and social conflicts in Chicago on the eve of the new century and shows the fullness of this problem.

Firstly the author brings attention to the process of rebuilding the city and a conflict over Mrs. O’Leary and her cow. The lady was accused to be responsible for the fire ...

Alienation in the Workplace

- Why and to what extend should organizations be concerned with alienation in the workplace?

The workplace is where a lot of people, presumably, from different departments in an organization especially if we are talking about the workplace of a large corporation, collaborate to work on areas they are responsible for. Teamwork is an essential part of a highly productive workplace and workplace alienation according to Marx’s Alienation of Labor Theory, is one of the major hindrances to employee and corporate productivity .

- What is meant by the expression “alienation at work”; what are its main causes among employees and ...

Abstract

This paper will examine the Australian social perspective from the nonprofessional’s point of view before undertaking a deeper socio-economic analysis. On the surface, Australians would like to believe that they are classless but in fact, they are subject to the classes that are inherent in a capitalist society. This paper will use the theories of Marx to describe the development of a class. We will also use the writings of other scholars such as to chronicle how the ruling class developed in Australia and how it has affected everyday life of the people in terms of the distribution of power. In ...

INTRODUCTION

Small businesses face many issues in comparison to the well established organizations. However, among several issues one of the major issues that small businesses face is to raise capital. Many small businesses and entrepreneurs may have the ability to make their organization a big organization however because of lack of investment they are not able to do so. With the increased risk in the market, banks and venture capitals have also become very much risk averse instead of accepting the risk and growing their investment. This has also lead to such situation where small businesses face different issues in raising ...

1. Claims of Globalism

Globalism is mesh of inter-reliance at a multi-continental level whereby, there is exchange of people, information, and capital between continents. An increase in Globalism is termed as Globalization while a decrease is De-globalization.

Globalization integrates global markets and liberalizes them

Globalism integrates global markets via the inter-reliance among the continents and liberalizes global markets through the divide between a state’s economy and the government, such that there is minimal interference from the government. The absence of government interference increases social interaction among the continents and the exchange of technology, labor, and wealth.

Globalization is unavoidable and permanent

The establishment of inter-reliance among the continents has been going on and will continue to take ...

1. Theoretical perspective

Socialism and capitalism are the ideologies that are based on political and economic philosophy which a state follows in order to attain the welfare of its people and growth of the nation. There are many variations of socialism, and as such there is no single definition encampassing all aspects of socialism. (Lamb and Dochery, 2006, P.1). Moreover, Socialism can be conceived as a system of socio-economic ownership. It is a social and a political philosophy advocating a system that has features of the control on the production and its means.

(Tormey, 2004, 10) states that 'Capitalism' is generally considered by scholars as ...

The world is running on its power to produce goods that facilitate the lives and existence of the humans across the world society. The society has come a long way after the industrial revolution that took the world by a storm. The entire foundation of the society is based on the labor relations and the intertwined relationship between the labors and the bourgeoisie. While the bourgeoisie invests huge amounts to run factories, industries and production houses, the labors are the most important part of the production structure who toil hard day in and day out for the sake of production. As ...

Industrial Revolution

Thesis: Industrial revolution has shaped the world history by causing a changeover in technologic, political and social effects. Initial accumulation of capital and the formation of manufacturing industry represented the initial stage of the development of capitalist relations. This was the period during which the preconditions for the transition to an industrial economy were prepared. The condition of this transition was the industrial revolution, during which there was a radical restructuring of the technical base of production, forms of organization of production and the whole system of socio-economic relations. The industrial revolution is a fundamental qualitative restructuring of the material ...

{Course Name]

Introduction The paper will present theories, and it will discuss the difference between those theories. Some of the differences and similarities will be presented. There will be three theories in this paper Marxism theory, Rosa Luxemburg Theory, and Lenin Theory. Within this paper, Lenin Theory will be used for differentiation of other theories. In addition, the practical approach of other Linen theory will be described, and criticism in other theories about Linen Theory will also be presented.

Marxism Theory

Talking about the Marxism Theory it should be noted that Karl Marx presents it. It can be said that ...

Abstract

The paper focuses on the development of taxation based on contributions of Ricardo, Smith and Petty. They both developed the taxation idea from Locke’s theory of a single tax on rent. Their major contribution was on the incident tax, which demonstrates value system, power relations and group interests on taxation. Finally, the paper analyzes how taxation influences economic decision in the 21st century.

Introduction

The development of political economy in the 17th century was characterized by an effort to flee from Locke’s theorem that all taxes would eventually fall on the rent of land as well as his proposal ...

Assignment 5

The Marxist theory of surplus value speaks against capitalism and all political ideologies that support a market economy. The theory suggests that, in a capitalist society, commodity prices are determined by the inputs employed in the manufacturing process of goods and services. A worker provides his services to produce a commodity for which the owners of the means of production earn revenue. They pay their workers a very small amount for their labor and keep the major chunk of the profits with themselves. Therefore, the laborers are exploited, and their efforts are not recognized the way they should be; the surplus value goes ...

Since the ancient times, it is visible that there is always a gap between societies that often divides them into two or more distinct groups. There are countries that have more political and economic capability than other countries, while there are countries that are better in social stability. In terms of people, they are mostly divided through their financial capability, educational attainment and upbringing, which would then determine as to whether or not they can keep up with the modern world. As far as technology is concerned, people are yet again divided over their capacity to know and afford these ...

In the article, ‘'The making and unmaking of the third world'', By Arturo Escobar, the aspects of modernity in relation to anthropology and development are well analyzed. The author states that the economic progress is associated with a lot of painful experiences. The issues relating to regional economic imbalances in the U.S are well elaborated by the author in this article. The dangers of food insecurity were given close analysis and consideration. The aspects of production are of the essence in the facilitating smooth flow of the economy of a nation. The use of modern technological and scientific knowledge plays a crucial ...

Introduction

Capitalism refers to a form of political and economic system where country's trade and industry is manned by the private sector, rather the government. Every society is characterized by an uneven distribution of wealth and income. The speculated thoughts help a small percentage of the people in the society to gain control over the majority in the country. Therefore, the minority must, be able to find ways in which they sustain their status quo within the society. The majority group uses myriad ways to battle and be at the top of the prestige minority class. For instance, they convince the majority ...

Globalization and Inequality

- Justification for the topic Globalization and inequality is a significant topic among the international community because inequality is brought by injustice, unequal opportunity and privilege. Some of these negative elements of globalization bring about deterioration in a county’s economy. When a country has slow economic growth because of inefficient government, poverty crawls into the country making people’s standards of living lower. According to the economic theory, it blames the social institutions such as the government for the inequality for the society. For example, lack of proper distribution of income and resources, the lower working class do not have a ...

Edward Bellamy was an economist who disliked the socio-economic conditions because many laborers got a subsistence pay. Bellamy wrote a book called Looking Backward, which focuses on Julian West who is an upperclassman, lived in Boston. It is important to note that Bellamy lived during the industrial revolution in the US. His book talks of West being induced to sleep because of his chronic Insomnia. The author records accounts of laborers striking because the capitalists and the landlords enjoyed all the profits and interests respectively. Bellamy writes, “The producers of the nineteenth century were not, like ours, working together for the ...

Final Integration Paper

Final Integration Paper

Question 1

Capitalist relations in the society contribute to the development of a number of infectious diseases. This tendency began in 1400 when capitalism started to develop at fast pace. On each stage of capitalism development so called “signature diseases” emerged. For example, “Bubonic plague in the fourteenth and fifteenth centuries emerged as a result of the opening of trade routes to Asia, carried by merchants and warriors from the middle of the then world system west to Europe and east to China.” (Robbins, ch. 8). Urbanization processes started at that time when industrialization processes initiated by manufacturers attracted more ...

Abstract

Despite positive discussions about democracy, various scholars underscored its disadvantages. According to scholars and critics of democracy, this political system has developed the limited majority’s power and influence instead of the majority, and has perpetuated social divisions and gaps in the United States. Divisions and gaps are palpable in the social classes, gender inequality, racial discrimination and prejudice, and the unequal distribution of welfare services to the public. Health care services alone reveal social disparity since the poor do not have access to affordable health care. A proposed solution to these problems is the transformation of the government ...

Summary

The book, “Adam Smith in Beijing,” was written by Giovanni Arrighi. In his work, Giovanni portrays how China has extraordinarily risen over the years hence inviting the reassessment of the concept of “The Wealth of Nations”. In the eighteenth century, Adam Smith made predictions that eventually there would be equalization of power existing between the West and the territories conquered by the West. The book vividly explains the growth of capitalism from the days of Iberian Peninsula, Genoa, Venice, the Dutch Empire, the Spanish empire to today’s United States. Thus, the book provides a detailed explanation of the interconnections ...