Capitalism Course Works Samples For Students

Peggy Little

PHI 445
Ashford University
The two competing economic systems are capitalism and socialism. In Adam Smith’s Capitalism, there are three vital concepts; the economy is driven by selfish desire for luxury goods, economic balance is achieved through a self-regulating invisible hand, and the government’s role in a nation’s economic system should be limited . In Karl Marx’s socialism, there are three main features; in a capitalist system, workers are alienated from their labor, in capitalism, there is a class struggle between the working class and the business owners, and workers must improve their situation by revolting against capitalist ...

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 ...

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 ...

Introduction

According to the world socialist movement, socialism can be defined as an economic and political system that is characterized by the common ownership. This implies that people have free access to their needs, everyone acquires the right to participate in the decisions regarding the use of the global resources, and the industry is responsible to produce people’s needs, rather than to profit and commerce (Fleming, 2008). In other words, nobody has the right to acquire personal control of resources, unless they are personal possessions such as professional.
Socialism can be defined as democratic, in sense that it ...

Dear Sir

Before beginning my words, I’d like to say that I didn’t truthfully do anything deliberate, and I didn’t do anything intentionally about being disrespectful toward both you and your course. I can definitely assure you about that. I honestly request you not to think about what I led to in that way. Even if I did something wrong, that would be coming from my pensiveness, not being disrespectful and inconsiderate toward you. Accordingly, I know how much rules are strict, severe and brutal if needed, particularly in the United States, where I consider there ...

8)Using Marxist categories, fully explain the problem of the transformation of values into prices of production, mention the role of capitalist competition and the organic composition of capital in explaining the deviation of values from prices of production.

Marxist theory of transformation of values into prices of production is generally the view that labor is the inherent amount of value. Marx explains that a determination of prices by quantitative methods compatibly fits with the theory of labor considered as imminent amount or measure of value. This is a factual view that it is about the nature of exchange value and ...

Thesis statement

Capitalism is an economic system based on the private ownership of the means of production, with the goal of making a profit.1 This is a quote and will be used in the introduction. Source : Capitalism Oxford Dictionaries. Retrieved 4 January 2013.

- John Maynard Keynes believes that capitalism is essential for freedom to survive and thrive. This is a paraphrase and will be used in I.2 Source: Capitalism. Wikipedia (Accessed May 13, 2013).
- Capitalism is a social system based on the recognition of individual rights, including property rights, in which all property is privately owned.3This is a quote and will be ...

The German philosopher Karl Marx believed crime and deviance were defined by the ruling class and used to control the working class and protect their own property and power base they made rules to stop you taking their wealth and power and if you disobey you are punished. Every institution from schools and churches to prisons the police and the justice system are all designed to force you to conform. Marx argued that the criminal justice system focused primarily on crimes of the working class such as burglary that cause very little harm in relation to white collar crimes ...

The social system which is based on individual rights is referred to as Capitalism. In the political scenario it refers to the system of freedom, and in the legal field it refers to the system of objectivity in laws. The economists call it a free market economy where there are free flow of goods and services. Socialism on the other hand refers to a state that is centrally planned and the economy and other means of production are controlled by the government. This e essay is meant to discuss the key tenets of socialism and capitalism and also focuses on the ...

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 ...

Karl Marx discussed society in terms of class with an emphasis on there being a class divide. He was interested in how classes formed within capitalism and he defined class by the means of production, in terms of makes a product and who buys the product: the proletariat or the bourgeoisie. Capitalist society exists to make profit and to do that, capitalists keep the cost of labor down by not paying their workers enough. Marx felt that this manipulation was unfair and was completely opposed to the idea of capitalism because of its effect on its workers.

More modern Marxist theory ...

Introduction

The intelligence received indicates that an international terrorist group known for its hatred of capitalism and western culture is targeting a high profile location in a major United States city. This attack will be a start to a violent campaign against the United States. Though the particular time of attack is unknown, it is anticipated within the next thirty days.

Risk assessment and analysis

Likely targets

The terrorist group is known for its hatred for western culture and capitalism. This gives a probability that the attack will target a city or part of a city in which capitalism or American culture is prominently manifested. Cities which have areas which are ...

Synopsis: The following article consists of a brief study regarding the principles of Soviet Communism and American Capitalism. The research discusses the role of the populace with regards to the above mentioned constitutions. After giving an introduction to both, the paper will further formulate the consistency of the strategies which have been displayed in the pictures/images provided. The study begins with a briefing of ‘Political Warfare’ where the concept of ‘Totalism’ has also been added to the discussion and an understanding about its influence upon the political manipulations of a nation.

Introducing Political Warfare

‘Political Warfare’ is the strategy which is applied upon the opposing ...

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 ...

History plays a very important role in the development and progress of humanity. Social, cultural and political religious factors play a crucial role in shaping a society. All these factors evolve in a particular way throughout the history to give the society or world a particular shape. The world of today has also experienced such historical evolution. The economy is becoming increasingly global, in which an idea of uniformity and global culture is embedded. But on the other hand, despite the increasing move or evolution towards uniformity, the extremism in the world is also increasing. The reason for that is hidden in the past ...

Introduction

In order to sufficiently define post-modernity, we need to look at the meaning of modernity since it is the predecessor to post-modernity. Modernism simply refers to a capability of moving forward and making some progress towards a given goal. Most of the theories that led to modernity rested on personal goals whereby each person wanted to maximize his/her interests and minimize the rate of dissatisfaction that they could be exposed to. Modernity can also be used to refer to the post industrial era which had several developments taking place. In order for a person to be fulfilled in modernity, he/she has to ...

The chapter of Road to Super capitalism narrates
- how the confrontation of the global economy altered in the 1960s
- change comes
- with the entrance of proficient freight technologies
- inexpensive abroad labor and
- enhanced worldwide competition,
- directing to the appearance of worldwide supply chains
- burgeoning product technologies attached with the appearance of large pension funds
- the emergence of a culture of funding offered force on managers
- increase competence and
- increase income

In this chapter, many US jobs were lost intimidating the ...

The National Atlantic Treaty Organization (NATO) was created when a treaty was signed in 1949 by all the Allies except for the Soviet Union after World War II. That means that approximately 65 years after WWII ended and thirteen years after the end of the Cold War NATO is still active. The NATO website states that there were three main reasons for creating NATO. One reason was to build an organization of countries that could rely on each other to work together against any threat from the Soviet Union. The second reason mentioned was to get a North American presence in ...

Sovereignty: The word sovereignty means having paramount authority over a polity. The concept is, if a land is sovereign, then no external force has the right to intervene in the internal matters of the land.

International Organization: International organization has international presence, scope and membership. Such organizations operate across various nations. There are two categories of international organizations: INGOs and NGOs.

Actor: Any force that takes part in any political scenario, and has a role to play in it is known as an actor.

Anarchy: Anarchy is the absence of any government or the condition of disorder that ...

- Suleiman the magnificent:

Suleiman the Magnificent is a Muslim legendary sultan known to be the most successful ottoman ruler. He was the longest reigning sultan among the Ottoman Empire and lived to the age of 72 having reigned from 1520-1566. He steered the Empire to a great height when he extended it to cover up to the Balkans, Gates of Vienna and Hungary. He was viewed as a Muslim religious leader and a ruler for the Muslims in the territory where Islam was the only religion.

Suleiman the Magnificent was a shrewd leader who grew to be an iconic element to date. His relevance today is most ...

Orientalism is criticized by Prashad in the popular New Age Spiritualism where the religious aspects are clearly reflected on how they influence the lives of the Asian community in the U.S. The way in which the new aspects of religion relates with medical and healing practices are elaborated. The Indian religious perspectives on the lives of the individual conflicts with the life conditions in the U.S making the Indian community members in the U.S to face challenges in the daily activities (Vijay 16). The economic forces in relation to Orientalism are discussed by the author criticizing the aspects of ...

The United States government behaves as an impe5ral institution in the attribute that the agenda and the rationale of capitalism are clearly valued. At the same time, the adherence to capitalism has wider implications. This is due to the fact, that the nations are constructions of specific people. The states that are within the nations are reflective of specific philosophies and interests. The states are biased toward male domination. This infers that men compose the majority of the power positions in the government and the state will defend the interests of the men in the society. The European Union ...

Abstract

The dream of an information-based global society is attributable to the flawless integration of the information and communication technologies with the traditional one, merged with proactive government policies, technical skills-set, strategic learning approach, an inclination towards improvements in efficiencies and, promotion of modernization in a caringly and an environmentally sustainable way. This paper researches the variables of an information society that impact on information services through a scalable structure presentation that encourages information society analysis, comparison of varied information societies and propose new frontiers for scholars and decision-makers.
Keywords:

Information society, knowledge society, information services

Background

The early forebear of humankind around ten thousand years ago ...

Nazism just as it is fascism is a political ideology based on “political behavior that is obsessed with the idea of community decline, humiliation, or victimhood by compensatory cults of unity, energy and purity.” In this ideology, there is a mass based party of committed nationalists, militants that work with traditional elites to abandon democratic ideals and employ the use of violence to cleanse the society

According to Herf, Nazism is a political ideology that took root in Europe in the early twentieth century to mid twentieth century in Europe. In general terms, Nazism is often classified as a right wing political ...

The survival of the modern economy depends on a neverending stream of consumption. This is why cars do not last as long as they used to, it is why the cost of a new television is not significantly higher than the cost of television repair, and it is why restaurants continue to proliferate across the map, hopping from retail corner to retail corner to chase families down before they can get home and cook their own meals. This trend began in the wake of the Great Depression; while it was largely the mobilization of industry for World War II that brought ...

This paper will analyse the a key political speech given by US president John F Kennedy in West Berlin June 26th 1963 commonly referred to as the “Ich bin ein Berliner” speech, literally translating as “I am a Berliner” although perhaps more amusingly making reference to a local food “I am a do-nut.” (Bruner 319-328) The historical context of the speech may be seen as an important factor in considering the importance of the speech as much as the words and language of the piece itself. To this extent, the speech was given in the capital of Germany a country which the United States ...

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 ...

Is Globalization a Peace Producer?

Globalization is defined as upspring of a global society in which political, cultural, economic, and environmental circumstances in one part of the globe have particular significance for people in other parts of the world. (Globalization; Salzman, 2008). The globalization refers to rapidly growing connections between nations, economies, and societies (Barbieri and Schneider, 1999:387). Several literatures or studies have evaluated globalization in the context of international politics and social security to ascertain whether it is a peace producer or not (Blanton and Apodaca, 2007).Of course, most of the literatures have different views on the subject matter. This paper examines globalization in ...

Part 1: Pacific Islanders: The people, their culture and their life

The Pacific Islanders inhabit between 20,000 and 30,000 islands in the Pacific Ocean. These islands are sometimes collectively referred to as Oceania traditionally grouped into three; (1) Micronesia meaning the black islands consists of New Guinea, Papua New Guinea, Maluku, West Papua, New Caledonia, Vanuatu, Fiji and the Solomon Islands). (2) Melanesia meaning small islands are found on the North of the Equator and consists of Guam, Wake Island, Marshall Islands, Northern Marianas, Palau, Nauru, Kiribati and the Federated States of Micronesia) and (3) Polynesia meaning many islands are found south of the equator and consist of ...

Capitalism is based on a system of rewards and efforts. It essentially means that for better results, the employer, or whoever it is that desires good results, must motivate the workers through various methods, the most popular one being financial incentive. As a matter of fact, well rewarded person will deliver desirable results at all times. On the contrary, a poorly motivated worker will become unproductive, weakening the financial or economic performance. It is because of capitalism that the business interests are clearly separated from personal and family interests. A good business is one that prioritizes the organizational goals over family and ...

Several critics in the media presume that there is a perfectly fair way or objective way of representing every event in the world. They assume that deviating from fair depiction of actual information is accounts for media bias. ‘Bias’ in media context means that a news institution, editor or reporter is aware how the event looks like, but they modify or tweak the event to advance economical, political and ideological aims. This is true in case of climate change, where media organizations have distorted information in past over important issue like climate change (Wemple). It is true that ideologically driven, ...

- What were Marshal McLuhan’s key conceptual theories to understanding electronic media? How have they influenced our present thinking about visual media practices and their impact on society today?

Marshall Macluhan (1911-1980) was a Canadian public intellectual, philosopher and communication theorist. McLuhan’s key conceptual theories to understanding electronic media were that the medium which is the message is an extension of the self (Television enables “far-seeing”, telephone enables “far-hearing”) (Gitelman, 25). He states that this changes the human senses to the extent if human beings being unable to tell what have been displaced. His basic concept is that communication technology shapes human perception and cognition. For instance print made possible the western society characterized by democracy, capitalism, individualism and nationalism (Gitelman, 27). McLuhan’s conceptual theories ...

1. a) The Second Industrial Revolution, which was also referred to as the Technological Revolution, occurred during the later decades in the 19th Century. This was the time where mass production and electrification was booming. During this time, the production line was also created, making factory work faster and more effective (Stearns,).

It was during this time that the countries involved in the revolution saw much economic growth, over a short period of time. The living standards of each country greatly improved, especially after the Civil War in the United States. Due to the increase in productivity, the price of certain ...

- There were a number of similarities between China under the Han and the Roman Empire. Why do you think that was so? Was it simply historical accident? Do those aspects of empire imply some sort of empire-building process common throughout the world? Why or why not?

China and Rome were both land empires, based mostly on agriculture, as were all other empires before the industrial revolution over the last 200 years. These two empires developed along similar lines even though they had no contact with each other, given the extremely slow communications and travel times of that era. They all seem to have had very similar caste systems, with slaves and peasants at the bottom, an aristocratic-military caste and an emperor or king at the apex (Adler and Pouwels, 2008, pp. 169-70). Both the Han and the Roman emperors also claimed to rule by divine ...

- Locke states: “The state of nature has a law of nature to govern it, which obliges every one: and reason, which is that law, teaches all mankind, who will but consult it, that being all equal and independent, no one ought to harm another in his life, health, liberty, or possessions.” Explain the “law of nature” that Locke cites. (p. 637).

When Locke states that nature has a law to govern it (Locke, 637), he is referring to natural law. This law comes from nature. Under Locke’s observation things in natural, left to be how they were ...

- The Circular Flow Diagram

The circular flow diagram captures the relationship of money and resources between households and firms in the economy. The inner loop represents the flows of inputs for production and goods and services: households sell their labor to firms, and the firms sell the goods and services they produce to households. The outer loop in the diagram represents the corresponding flows of money: households pay the firms for the goods and services, and the firms pay wages and profit to the households.

Households increase savings. The presence of increase in household saving implies that there ...

Introduction

In his book the jungle, Sinclair’s s main concern was not to the meat but to the workers who produced. It was then that he said that. ‘I aimed at the public’s heart and by accident hit its stomach’. He attempted to make the public aware that the life of an immigrant was very hard in the 1800s. In real sense, he did not actually assist people to know the harsh condition s but the bad meat that they were eating. This is what hit their metaphorical stomachs (Sinclair, 2006 p. 18).

He describes with many ...

The switch to steam power led to the movement of factories away from the big cities, like London. Instead, locations close to water –out of which steam power is generated- and coal fields, another necessary ingredient for steam power, were preferred. Furthermore, as trade grew dramatically, locations close to markets and trade routes were highly favored.

Summarize Karl Marx's arguments against capitalism.

Karl Marx considered capitalism a deeply inhumane system. It increased the gap between rich and poor helping a very small percentage of the population become extremely rich while leaving the masses in poverty. The upper classes, or bourgeoisie, controlled the production and the workers, ...