ipl-logo

Anti Capitalism Research Paper

2091 Words9 Pages

Argument Statement “Capitalism isn’t working, another world is possible “This report will focus on Anti-capitalism as a whole Introduction According to a poll by the BBC World Service, only 11% of people from 27 countries thought free market capitalism is working well. (Top 100 Arena, 2012) Life could be better if we could all agree on one thing. There is a very small percentage of population that can control money and resources. This percentage moves around in order to get high profits and low wages. We can all benefit from resources in our community. If we were to live in a society where there is no privately owned properties the crime in communities would disappear as the communities will stick together. In today’s time there is no free …show more content…

Individuals within the society invest their funds in the economy in order to generate money. The main objective of capitalism is to make a profit for the owners, which are private individuals. This economic system differs from others with regard to the fact that there is no government intervention, the term used is Laissez-faire, meaning individuals are free to determine what products to produce, to whom these products will be sold to as well as the pricing of these products. (Scott, 2009). The types of capitalism are as follows: 1. Turbo Capitalism, which refers to a free form of capitalism with no regulation for banking and financial systems, privatisation and lower taxes on individuals that earn a higher income. this led to a rising gap of income inequality and also played a key role in the unsustainable credit bubble of 2001-2007 thus it is referred to as unrestrained capitalism or free market capitalism 2. Responsible Capitalism is, broadly speaking a free market economy, however a level of government regulation …show more content…

The relationship between ‘self’ (you as a person) and ‘the other’ (society or the community at large), and whether or not it is ‘good’ depends on the manner and intention of the actions performed by all parties. It is therefore used to test whether or not certain practices of capitalism are ethical or not. In capitalism, the ethicality test can be performed on various factors of capitalism. I will touch on a few factors namely: Labour exploitation, Discrimination, pollution, and thereby apply the ethicality test to them. 1. Labour Exploitation Effect on the self: the effect is predominantly negative because people were pushed to work extremely long shifts and do hard, manual labour for minimum wage. People were forced to work, or they would be denied of certain basic needs such as food and idle time. Effect on the other: Capitalist governments benefitted from exploiting workers as they could maximize their profit due to low wage costs. 2.

Show More
Related

  • Summary Of The Jungle By Upton Sinclair

    990 Words  | 4 Pages

    Capitalism is when a company has a new product out and you buy it and that same company makes a profit. The problem with capitalism is that it is not overlooked like it should be. An example of capitalism is how bad the working

    Read More

  • 1914-1939 Government Policy Analysis

    932 Words  | 4 Pages

    During the period 1914 to 1939, the United States went through many events, including WWI, the Great Depression, the growth of federal power, and technological revolution. All of these events had a great influence on the lives of American workers. However, the government policy might be the most influential factor that changed or contributed to American workers. The government policy benefited workers’ working conditions and the quality of life.

    Read More

  • How Did Capitalism Affect The Economy During The Gilded Age

    1024 Words  | 5 Pages

    Capitalism had taken a hold of the country because of the factories and railroads that popped up all across it. Andrew Carnegie and J.P. Morgan are widely known figures today, who gained their success from Capitalism. It is important to note that in the 1898 Declaration of Principles of the Social Democratic Party, the group declared, “That private ownership of the means of production and distribution of wealth has caused society to split into two distinct classes with conflicting interests, the small possessing class of capitalists or exploiters of the labor force of others and the ever-increasing large dispossessed class of wage-workers, who are deprived of the socially-due share of their product.” While the use of capitalism in our economy helped ensure the government would not overpower businesses, it placed all of this power into the hands of very few individuals, who happened to abuse it. This is when farmers and laborers began to despise capitalism and then organize themselves to promote something in which they strongly believed in, a socialist America.

    Read More

  • Comparing The Views Of Karl Marx And Andrew Carnegie

    1777 Words  | 8 Pages

    Capitalism led to inequality. For example, in capitalist society, bourgeoisie owned the majority of power by controlling schools, government, land, property, and factories. Under the power of capitalism, many factory owners held the right in the nation, and they only paid workers (the proletariat) with a low wage; this not only caused the workers to continually suffer in poverty, but it also resulted in the problem of unequal

    Read More

  • Gilded Age Capitalism Analysis

    487 Words  | 2 Pages

    In the more developed regions of the world such as the United States, the United Nations and some of the Asian Countries, the form of economy there is Capitalism. Capitalism allows business owners to expand as much as they like since businesses are privately owned and the government have little to no influence on them. To the rich, capitalism is great, it allows them to be as rich as they want, but to the poor, capitalism only makes them poorer, it creates a disparity in social class system, and the varying changes in employment rate as a result of monopolization. Capitalism, due to monopolization makes the poor stay poor. To elaborate: a monopoly is when a person or a group owns the majority of the supply for the public.

    Read More

  • Capitalism In Ron Swanson's Parks And Recreation

    673 Words  | 3 Pages

    In the TV show Parks and Recreation, the character Ron Swanson, a self proclaimed libertarian, argues that that capitalism is, “God’s way of determining who is smart and who is poor” (Daniels and Schur). While many modern supporters of capitalism share Swanson’s sentiment toward this economic system built on the notion that anyone can pull themselves up from their bootstraps, the historical rise of of capitalism, along with its modern implications, show that it may not be as perfect and “godly” as advocates may proclaim. Beginning with European exploration, the history of the world would never be the same after the expansion of capitalism and the exploration and subsequent exploitation performed by the Europeans. As soon as the first European explorers set foot on new lands, the history of the world would never be the same. When

    Read More

  • Alien Labor Movement Analysis

    1872 Words  | 8 Pages

    Welfare capitalism, or capitalism that is concerned with the social and economic welfare of the worker (Investopedia), played a major role in shaping the relationship between workers

    Read More

  • Created Equal Friedman Summary

    751 Words  | 4 Pages

    In the article, “Created Equal” by Milton and Rose Friedman, the authors argue that equality of outcome puts the people’s liberty in jeopardy. In this article the Friedmans discuss equality of outcome and how it forces people who have certain benefits in their society but are forced to end up in the same place as everyone else, regardless of hard work or ability. To the Friedmans this is a clear contradiction of liberty and should not be allowed to become a reality. The Friedmans believe that equality and liberty are the two concepts that every individual should try to achieve in a society.

    Read More

  • The Impact Of Human Labor During The Industrial Revolution

    965 Words  | 4 Pages

    Human labor is an essential source of economic growth and the more labor contributes, the more of an economic production. During the Industrial Revolution which took place in the 18th and 19th Century which was known as the transition of new manufacturing processes, proves how factories took the full advantage of human labor and unfortunately, set aside workers rights. With this in mind, this labor force was made up of children under the age of 12 , millions of newly arrived immigrants, and a huge number of families migrating from different rural areas[some where unskilled workers] to an urban society, to see what life there can offer, and in hopes of having a job security, prosperity, and most of all, the idea of the American Dream. For this reason, as factories were being built, businesses were in need of workers, which is why people were willing to work as long as they got paid to support their families and keep in mind that factories were not always the best place to work. With this in mind, with the dream of a better life, many unskilled immigrants who migrated from different rural areas relocated to different areas to find work.

    Read More

  • Rise Of Capitalism Essay

    2521 Words  | 11 Pages

    Capitalism is a highly dynamic system which brought immense material wealth to the human society. This essay traces the historical dynamism of capitalism from its minority status to its majority status in term of demand and supply of investment capital. The emergence of capitalism as a mode of production out of pre-capitalist mode of production was fully formed by the mid-nineteenth century (Hobsbawn, Age of Capital: 1848-1875) this in no way implies that it was quantitatively dominant mode of production.

    Read More

  • Imperialism Research Paper

    1465 Words  | 6 Pages

    Capitalism is a hegemonic global economic and social order that increasingly displays a fatal contradiction between reality and reason, where it threatens not only human welfare but also the continuation of most sensitive forms of life on the planet. Three critical crises make up the contemporary world condition originating from capitalist development: (1) the emergence of global imperial instability associated with shifting world hegemony and the struggle for resources; (2) the Great Financial Crisis and stagnation/depression; (3) the growing threat of planetary ecological collapse. One country with power One person making more money Climate change Since the Second World War, the capitalist world has seen two main political-economic

    Read More

  • Socialism Vs Capitalism Essay

    732 Words  | 3 Pages

    Definition of Capitalism What is capitalism? According to Adam Smith, both parties in a capitalist system, the buyer and the seller, act in a voluntary transaction to achieve the outcome that serves their self-interest. However, both parties cannot obtain what they want without delivering the needs of the other. In definition, capitalism is an economic system where properties can be controlled and owned by private sectors to suit their interest, which is to gain profits, while the demand and supply of goods and services set the market prices to serve the interest of the society.

    Read More

  • Karl Marx And Emile Durkheim's Theory Of Capitalism

    846 Words  | 4 Pages

    Capitalism is understood to be the “economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.” In modern society, capitalism has become the dominant economic system and has become so integrated that it has resulted in a change in the relationships individuals have with other members of society and the materials within society. As a society, we have become alienated from other members of society and the materials that have become necessary to regulate ourselves within it, often materials that we ourselves, play a role in producing. Capitalism has resulted in a re-organization of societies, a more specialized and highly segmented division of labour one which maintains the status quo in society by alienating the individual. Karl Marx and Emile Durkheim theorize on how power is embodied within society and how it affects the individuals of society.

    Read More

  • Liberal Dream: Adam Smith And Von Mises

    1433 Words  | 6 Pages

    Popular theorist in this camp are Adam Smith and Von Mises. They both look at how the capitalism because it served a need and was the best option. (Smith) Adam

    Read More

  • Essay On Capitalism In America

    635 Words  | 3 Pages

    apitalism Explained America is a country that is famous for its capitalist economic system. Capitalism has been considered one of America's best qualities for many years, and it has been the main reason for the country's success and rise to power. People have seen America's economic system as a chance for anyone to become successful, and many people have immigrated to this country in search of more opportunities and a better life for themselves and their families. However, some think that our country is turning more towards socialism and less towards capitalism, and it makes them nervous. With the millenial generation now voting for America's leaders and the older, possibly more traditonal voters outnumbered, our country's economic future is uncertain.

    Read More

More about Anti Capitalism Research Paper

Open Document