Category: Capitalism

The state of post-politics, whereby society is characterised by political apathy and a lack of substantial political change, is often portrayed as having transpired concurrently with the trend of rising global consumerism. Indeed, many academics argue that capitalist domination has been irreversibly strengthened through a culture of excessive consumption that intrinsically reinforces hegemonic power (Briggs,…

The 2008 financial crash was as much a moral crisis as a financial one. It exposed a major weakness in the capitalist system, and it was not principally financial, but human. Markets have an effect on morality, and this led to the financial crash. In its aftermath, ethics within economics has yet to be resolved.…

Obesity as defined by WHO (2018) is having abnormal or excessive fat accumulation that presents a risk to health . Most commonly measured using Body Mass Index (BMI) -which is based on height and weight-a score of 30 or more is considered obese. It can lead to several serious and potentially life-threatening conditions such as:…

Capitalism quickly became the adopted ideology of many societies as this idea enabled free trade and exchange commodity between nations. There are many features of the capitalist ideology which drives the economy and has given opportunity of equality in rights (to those with all class backgrounds not just the bourgeoisie) to obtain success from capitalizing…

Capitalism is an economic system that rose to popularity in the middle 19th century and competed with two other prime economic systems: socialism and communism. However, capitalism came into full power post-Cold War victory and America succumbed to the system. Capitalism is characterized by lack of government intervention, free markets, and goods and services distributed…

Both the political and economic worlds have always been dependent on each other, neither can survive without the other and the modern world is incapable of functioning without them both. Countries have been competing in finding the best economic and political combination that brings their countries into the power they need to lead the world…

The assertion here is that capitalism poses a threat to democratic governance, however, not only do I disagree with this statement, but I feel that democracy and capitalism go hand in hand. We just have to look to history to find the compatibility between the two, where we can see that democracies thrive with a…

Capitalism, the foundation of many countries, is today the most widely spread economic system in the world. It goes without mentioning that capitalism was and still is most concentrated in one country in the world, and that is the United States of America (USA). But how did this happen? How come the USA developed into…

Capitalism and socialism are the two most important systems that along modern history have had an effect on the social structures, economic methods and political position of many nations. Through period of the 18th 19th centuries that two systems of political economy occurred as the primary competitor to each other. Capitalism is in countenance private…

The question of whether or not capitalism is a good or bad system requires that we first define our terms. We will use Milton Friedmans basic definition of capitalism as an economic system, where private citizens engage in voluntary exchange and cooperation without compulsion from the state, and where the means of production are primarily…