Capitalism College Essays Samples For Students

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; ...

In economics, capitalism and socialism are opposing trains of thought that many either misunderstand or sometimes confuse. It can be difficult, with the different economic and political structures, to understand them or differentiate between each one. In the center of the argument about capitalism and socialism is the role of government and economic equality. For example, socialists believe economic equality is bad while socialism is based on a free market. There are also many differences in the systems that naysayers have described as shortcomings.
Joseph A. Schumpeter’s book, “Capitalism, Socialism, and Democracy” reveals many shortcomings in both political ...

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Capitalism vs. Socialism
Capitalism and socialism are the two most widely used economic systems in the world. Capitalism is based on private ownership and enables individual accumulation of wealth, while Socialism is based on collective ownership and wealth distribution. Even though socialism offer some benefits such as, less disparity between the rich and the deprived, and wealth and progress of a nation is shared among the citizens, on comparing both the ideologies capitalism emerges as the most preferable way of governance.
Winston Churchill once famous said, “The inherent virtue of socialism is the equal sharing of miseries." His ...

In the light of the high capitalist failures in most countries, I would like to live in the Socialist country. This is so because socialism has proven to be the only viable solution to the fundamental crisis confronting humanity, such as income inequality, lack of education, gender inequality and poor living standards among others. Most people think that socialism is necessarily inferior to capitalism, but there is no clear evidence that the socialist countries performed worse than the capitalist countries based on economic growth. However, there is evidence that the socialist countries met the population’s basic needs better ...

The Communist Manifesto was written by Karl Marx with the help of Friedrich Engels in the year 1848. It has been acclaimed as one of the world’s most influential writings. In the manifesto, Marx analyses the historical class struggle and the problems that have been brought by capitalism. He also presents his theories on the nature of society and its political intrigues. These theories should be looked at in the context of people suffering because of the hardships they had to face in order to survive. This happened in the18th and 19th century England, France and Germany. 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 ...

Essay

The free market system (capitalism) and a command system (communism/socialism)
The economy of any country functions as an independent, a large system, which includes many different activities. Different economic systems of the world differ in their ideologies, as well as in their approach to solving the problems of the economy. The main elements of the economic system are the socio-economic relations, organizational forms of economic activity, the economic mechanism and specific economic relations between economic actors. In the past two centuries diverse economic systems acted in the world. Among them are clearly distinguished the two market system - free ...

Worker Alienation in a Modern Economy

The term “worker alienation” was coined by Karl Marx decades ago. Built on the principles of capitalism and socialism, it addresses the concept that workers feel apart from the products of their labor. The result is a loss of his sense of humanity. In a capitalist society, exploitation of the worker exists through selling his labor and not the product of his labor. His labor is sold as through it were an intangible product. The product is sold and the profit goes to the capitalist. The proletariat now owns neither his labor nor the product it produced; however, he ...

- Throughout this course we have analyzed the class structure, monopoly capitalism (the dual economy), economic concentration of the media, the increasing essential role of advertising in these processes, and the relation between the capitalist class and the state. How have these structures and processes evolved with the introduction of the internet as part of the US communications infrastructure? Has it significantly changed the political economic structure of capitalism to call it "revolutionary"? Has it moved journalism any closer to serving as a public good in achieving the normative goals of democratic communications theory noted below?

Introduction:
The internet ...

The globalization is a process related to increase of the role of external factors (economic, social and cultural) in the functioning of all countries, which leads to the formation of a single world market without national barriers and the establishment of common legal and cultural terms for all countries. As a special phase of international relations, it was born a few decades ago, however, due to the huge spread of political bias in the modern world of science and politics, a single universally accepted definition of the globalization does not exist; existing formulations are descriptive or mutually exclusive.
The ...

The American Dream is the ‘soul of еру American politics.’ The notion stems from the Declaration of Independence, the text of which says that all people are equal and have an unalienable rights granted to everyone. The right to life, the right to liberty and the right to pursuit of happiness are among them. The striving for happiness is the American dream (Kamp, 2009).
The spirit of the American Dream is the belief that every person, if he/she works hard, this person would be able to achieve the well-being, which he/she deserves, because he/she has all the possibilities. By implication, ...

German Revolution 1918-1919

Abstract
The paper seeks to discuss the famous German revolution of 1918 to 1919 that led to the adoption of the system of republicanism by the German government (Haswell, Ralph, 12). There were different schools of thought accrued to the ideas that shaped the aspect of the revolution. Some of the thoughts were documented in a sourcebook that discussed the revolution and subsequent birth of a German republican government. The paper will look at the different schools of thought from the Spartacus manifesto, Heinrich Mann, and Rosa Luxemburg. They had a consensus on the purpose of the revolution, which ...

Answer 1

According to Stearns, the year 1000 CE can be considered as a marker from which globalization can be traced forward. Though no significant changes took place in the particular year itself, it was followed in the coming years by what can be considered as the history of globalization. Many important events had already took place before the year 1000 CE and these intensified their impact over the next centuries. One of the basis of his arguments is that before 1000CE, the factors which influences the lives of people and the social institutions were isolated and not related to each ...

The industrial revolution was supposed to make changes in engineering, technology and organization of production. However, it had great social consequences. First of all, it had intensified the class structure of society, formed the industrial working class and industrial bourgeoisie. Latter, this event took over the power of dominant position in the economy and society. The structure of the bourgeoisie was modified in the different way. Instead of buyers the main role in the bourgeois society was devoted to manufacturers.
Significant changes have occurred in the organization and working conditions on the factories. By the middle of the XIX ...

Different societies differ in way they uphold certain values in the society. There are some that disregard educating the girl child while others advocate for equality for all. Some of the features to be identified with a just society would be; provision of social amenities, better health care and quality education. When a community embraces the above attributes, it is able to grow economically and socially (Ogundọwọle, E. 2004). The leaders should take it upon themselves to facilitate equal distribution of the natural resource. It can guarantee this by providing free or subsidized health care facilities.
Economic ...

Within our societies, we have poor as well as rich people. There are a number of reasons why the gap between the rich and poor keeps on widening. Several critics have said that we are living in a society that has been termed as man eats man society. It is a capitalistic society. In this kind of society, each and every person wants the best for him or herself. Little or no consideration is given to the neighbour. It has led to the famous epitome, everybody for himself, God for us all.
When analyzed critically, it is realized that ...

In the 1840’s through to 1850’s there was industrial revolution and commercialization of agriculture. This brought with it social problems majorly being some members of the society amercing wealth while others lived in poverty. This paper seeks to compare between response to the manifesto of the communists by Marx and Engels and that by Walden by Thoreau. It specifically looks at what were the problems in their view and what were the possible solutions.
Marx and Engels viewed the greatest problem that faced the world at their time as class conflict. Classes according to them arose when ...

This paper looks at the theory created by these two that argued that various factors led to the cultural chaos that are present in the world today. The paper compares the line of thought that Adorno and Horkheimer had to the idea that Susman had about culture. The views that Adorno and Horkheimer had on mass culture show a form of primitive and reductive thinking on their part. These factors include loss of support for objectively formed religion, destruction of pre-capitalism and social differentiation and technological differences. The two created a critic of mass society. Many people disagree with ...

INTRODUCTION

The Great Depression, which hit the US in the late 1920s and was largely blamed on the Hoover Administration policies, ushered in the landslide victory of Franklin D. Roosevelt and the Democrats in 1932. The Hoover policy of raising tariffs of goods entering the US was created to please American farmers, but it boomeranged against the US when many governments imposed retaliatory tariff policies against its exports. This, in effect, started a domino effect that caused the Great Depression (Saint-Etienne 11-16). As businesses went bankrupt and many found themselves unemployed, the landslide victory of Roosevelt and the Democrats was, ...

The definition of capital may take different directions. Some people refer to capital as the ability to gather money and other resources for investments. It is a valuable production element that requires extensive effort to acquire. However, some people argue of capital as a process and not a thing. There are unique arguments that may support the argument of capital as a process.
Capital is a major requirement for the start of the business. However, it does not have to be collected in a fortnight. It is impossible to find a business that relies on the initial capital. At ...

The definition of capital may take different directions. Some people refer to capital as the ability to gather money and other resources for investments. It is a valuable production element that requires extensive effort to acquire. However, some people argue of capital as a process and not a thing. There are unique arguments that may support the argument of capital as a process.
Capital is a major requirement for the start of the business. However, it does not have to be collected in a fortnight. It is impossible to find a business that relies on the initial capital. At ...

Bertolt Brecht has long been viewed as one of the first practitioners of what is known as the epic form of theater, in which he sought to bring novel changes to drama, breaking away from the conventional forms. These alterations were part of an attempt to bring significant change to society at large. In this particular case, Brecht created a new aesthetic that was designed to usher in a Marxist revolution; indeed, his entire purpose in life was to free humanity from the material form of suffering. In The Good Person of Szechwan, the viewer sees the ways in ...

Mercantilism is an economic system in which a country exploits its colonies. The country’s aim is to control natural resources and harvest the fruits of the colonies’ labors; it basically maximizes exports and minimizes imports. The successful adoption of this economic system can be attributed to Adam Smith and John Locke and those aristocrats who recognized the benefits it provided. Mercantilism differed from other economic systems like capitalism and socialism because it focused on wealth for those who had things to sell. Capitalism is an economic system that is based on means of production and distribution owned by ...

Progressivism was a reform movement that started in the late 19th century and lasted up to the early years of the 20th century. This period was marked by social, economic, and political problems resulting from industrialization and urbanization caused by capitalism in America. Progressives wanted to create a lasting solution to these problems. This paper focuses on progressives' efforts to create a strong democratic system in America as an answer to the problems caused by modern capitalism.
Progressives believed that modern capitalism marked the end of an order and the beginning of a new one. They advocated for a ...

Political Economy of Social Welfare

I. Introduction
Popular opinion refers to the sentiment, belief or view shared or held by the majority of the public about a particular issue of interest. On the other hand, socialization process refers to the way through which people interact to discuss an issue that affect their daily lives. When it comes to media, it has a wide influence on public opinion and can sway the views held by people about a particular topic of interest (Shamir & Shamir, 2000). In short, media help in shaping the popular opinion, especially so when people respond to their priorities and needs. Moreover, ...

There are various types of governments in the world. The governments hold different ideologies and have different ways of electing or getting their leaders. In general, there are autocratic governments and democratic governments. This paper describes the various types of autocratic and democratic systems of government, their ideologies, and ways of getting leaders.
Fascism is a form of government with a dictator is in leadership. The dictator operates by suppressing any opposition and, therefore, thrives in intimidation, threatening, criticizing; regimenting as many economic activities as possible. The dictator usually comes into power through power inheritance. The main ideology of ...

Compare and contrast Karl Marx and Max Weber

Two of the most eminent sociologist and constructors of the understanding of modern capitalism are Karl Marx and Max Weber. According to some sociologist they belong to the school of classical sociology, whereas according to the other they are distinguished representatives of modern sociological theories. Their work is important for understanding of capitalism and its impact of the Western society and civilization. Even though their understanding of capitalism differs in many aspects, one major similarity of Karl Marx and Max Weber is that they try to explain the reasons of appearing capitalism as a boom at the dawn of ...

Introduction

Economics is name and the field of the social sciences that specifically associated with the activities of economic used to understand the process that used for the production, consumption of goods and distribution of the services in the economy. The economy of a country depends heavily upon some of the dominating aspects, as economics is the field which specifically associated with the earning and spending of money at a perfect place in a best possible manner (Mayer, p.12).
The term economics comes specifically from the ancient times of Greek, and according to them it is a science of management ...

Capitalism has been associated with the kind of economy that solely centered on profits.it is centered upon an economy that whose goals do not go beyond the making of profits. Mostly, capitalist economies are coupled with the privatization of land and property, where the ruling class owns most of the properties in the nation (Bowles, 2012). The lower class provides low-wage labor for the rich, and the economy is the greatest beneficiary of all these. The United States is among the states that are most associated with capitalist economies in the world. In the USA, entrepreneurship is the leading ...

Thesis Statement

Mahatma Gandhi’s philosophy was very significant and influential in spearheading India to independence from the British; however after attaining independent and the development of financial capitalism and eventually, globalization and industrialization in India; and the world over, there is little significance to his philosophy in the contemporary society. Nevertheless, there is still a lot of spiritual and ethnic admiration of his socialist slogans. The slogans sound accurately revolutionary in nature.

Summary of the argument and evidence employed

The paper clearly embraces Mahatma Gandhi’s effort in helping the Indian attain their independence from the British colonialists in a non-violent manner. It was achieved through his ...

Introduction

Monetary theory focuses on the functions, uses and management of money. The approaches to money go back as far as Plato and Aristotle. Aristotle focused primarily on money as a medium of exchange but later stated that money needed to be something with intrinsic value. He suggested that money should be something metallic and rare. As a result, Aristotle may be classified as a “metallist.” Plato’s conceptions of money differed from Aristotle’s because he introduced a credit component in the monetary theory. Schumpeter, a monetary historian, classifies Plato as a “Cartalist.” Karl Marx had strong conceptions on ...

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Literature

Death of a salesman, written by Arthur Miller, is a twentieth century modern play which primarily delineates the life of the modern man in today’s contemporary world that is getting sophisticated on a daily basis in numerous facets including the advancement of technology. The fundamental aim of the play is to portray how money has turned into an obsessions to many people these days, and how the modern life of people in today’s world is determined through the quantum of his earnings, either daily or on a monthly basis. The ...

The economy of the modern world reflects the two prominent theories of Adam Smith and Karl Marx. The world economy currently marked with free trade which Adam Smith theorizes in his book, the Wealth of the Nation. A small part of the world, however, is in the close trade applying the principle of communism. The western part, for example, engages in a free trade or capitalism form of economy, while a minor part of the world is in communist/socialist state.
According to an online encyclopaedia, communist/socialist states include People Republic of China, Republic of Cuba, Lao People’s Democratic ...

Mid Term Integration Paper
Mid Term Integration Paper

Question 1

The book of Robbins (2011) explored the most successful culture – capitalism. The author presented historical, anthropological, and economic framework of capitalism origins thus explaining problems caused by globalization. Robbins (2011) succeeded to attract attention to global problems caused by expansion of capitalism and explained why capitalism generated resistance.
Robbins (2011) stated that embryo of capitalism as a distinctive culture emerged five to six centuries ago in Western Europe. Core concepts of capitalism culture are rooted in the statement that commodity consumption is the source of well-being. Further, this idea was developed ...

Question 1. Neo-liberalization vs. Financialization
Neoliberalism refers to a political movement that emerged in the 1960s, which combines old-style liberal worries for social justice with a highlighting on the growth of the economy (Fouskas and Bülent, 39). On the other hand, financialization is described as a process or system that advocates for a growing role of financial markets, financial motives, financial institutions, and financial actors in the setup of local and global economies.
The rise and fall of the golden age of capitalism is attributed two major policies. First, the full employment policies, production in large quantities due ...

The fact that people perceive economic is for the economists’ experts only. According to the Stanford, the economic is simple and straightforward. Everybody should understand that economic is all about what individual has done, what individual will get and what will the individual do with what they have received. In addition, economic deals with how we are using and distributing what we have produced. In the actual sense, everybody knows what economics entails. It is in contrast with what most people perceived of the economic as the field that is confusing, mysterious, and technical. In fact, everybody is experiencing ...

Every society develops according to certain rules and laws without which the very existence of this society as a system would be next to impossible. Such notions as capitalism and socialism, that are connected with development and functioning of a society, have penetrated into public consciousness centuries ago, but, curiously enough, many people don’t understand what is meant by these concepts and how they influence public life. Our aim is to clarify basic principles of both systems and to show how they are connected. Some people can falsely consider that capitalism and socialism are absolutely different notions that ...

Today I will bring the topic that is called the hot topic of the town, and that is whether the Pope Francis’ actions taken to help the poor and in regard to capitalism is worth accepting or not.
First of all I would like to put some light on the Pope’s life. Pope Francis’ is a Pope of a new era, with new and revolutionary ideas in mind. He is a man with a simple life, loving to be friendly with people, kind. These qualities are making him different from the previous Popes. Pope Francis’ requested the United ...

Capitalism is a concept that originated from persistent activism by the people who believed in the idea of individual rights. The motivation behind the adoption of this system included the need of establishing a laissez-faire model and a system that informed by the objective laws. The expectations of capitalism model entail fostering the idea of private ownership that can easily accommodate fresh ideas and new firms. Capitalism is a system that focuses on fostering dynamism. In the economic perspective, the idea of capitalism entails ensuring freedom in the sphere of production that results to the free-market (Hirschman, 1977). The ...

Global Capitalism

Introduction
Today’s world is moving more and more toward globalization every day. Countries and regions engage in international trade with other regions at higher and higher rates as time passed. These countries, many of who have different economic systems, may be pushed to incorporate or assimilate with the dominant economy system in international trade. Capitalism seems to be the form of economy selected to lead the way throughout the increasingly globalizing world. Throughout this paper, I will discuss whether a global capitalist economy is pushing countries to converge along a similar economic path or has it generated divergent ...