Capitalism is a financially profitable, nonsustainable aberration in human development as it doesn’t completely conform to its own accounting principles and liquidates its capital and calls it income (Hawkins & Lovins, 1999, p. 5). Though this is true, the natural resources and living systems, as well as the social and cultural systems that are the … Read more
According to Harry Braverman the division of labor is recognized as one of the earliest concepts in regards to the capitalist mode of production. However, there are different types forms of the division of labor that differ from each other. For instance, the division of labor in a capitalist industry is not similar to distribution … Read more
This week we are reading “Counting for nothing” a feminist analysis of the women’s place in the economic world by Marilyn Waring, a woman that made history in her political career in New Zealand; she had the courage to take a stand and challenge the government over the issue of “Nuclear free New Zealand” bringing … Read more
An argument I found problematic is that of Walzer’s in his work titled “In Defense of Equality. ” He believes that redistribution undermines achievement and ability and distribution should be based on intrinsic value. As stated, “The difficulty here is that making money is only rarely a form of self-expression, and the money we make … Read more
The Gilded Age and the Progressive Era were 50 years in which a large wealth gap between the rich and poor increased dramatically and needed a solution, similar to our nation’s situation today. Big corporations in major cities were able to take advantage of a surplus of those in the working class and technological advancements, … Read more
Jay MacLeod claims that “families at the top of the social structure can use their superior status and resources to stay there, while other families, low on options, languish at the bottom” (MacLeod 2009: 240). MacLeod (2009: 240) proposes the idea that not many individuals obtain the social mobility that popular American ideology promises to … Read more
The post-Second World War period has given rise to events that are significant to the understanding of the connection between capitalism and empires. Additionally, how this relationship influences not only the understanding of global history but also how they have shaped the outlook of society today. This essay will be comprised of two main sections, … Read more
American Capitalism is not like the typical pure capitalist economy. It is actually a mixed economy. The economy is mixed with Socialism and Capitalism. The general meaning of Socialism is “a political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the … Read more
The Industrial Revolution marked one of the biggest transitions in shaping the modern world during the 18th and 19th century; it was a period of transition from a feudal society to a modern industrial society. The Industrial Revolution caused dramatic changes in the social and economic structure of the factory system because inventions and technological … Read more
Commodity Fetishism is basically socialization that’s blurred by thing-hood. For Karl Marx, commodity fetishism is the discernment of social relationships that go along with production, thus creating an economic type relationship. It’s the connection between money and commodities that are being traded in the capitalist market. In Marx’s Critique of Capitalism, Volume One, he states … Read more