Category: Capitalism

  • Zuboffs Surveillance Capitalism and Hiring Bias

    Capitalism has emerged as one of the widely used economic systems around the world with the fall of communism in the early 1990s. However, with the technological revolution of the 21st century, capitalism has evolved and mutated into different variants. One such version of this economic system is surveillance capitalism  a term coined and…

  • Social, Technical, Economic and Ideological Factors of a Capitalist Economy

    Table of Contents Introduction A historical perspective World development outline Conclusion Bibliography Introduction Capitalism has been defined as that economic system that allows both wealth as well as its production means to be controlled and owned privately, as opposed to being controlled and owned by the state, or the public for that matter (Wallerstein 1979).…

  • Democratic Capitalism and Morality in America

    The problem of the level of the salary in the modern world remains core in the economics in the condition of the free market. Considering the situation, when a famous movie star can earn as much as 60 million for a few weeks work, and a grade school teacher in Nebraska earns about 30,000 a…

  • Understanding Economics: Definition of the Capitalism

    Wealth creation in a capitalist system relies on private ownership of property. Individuals are given the freedom to own and control the property. In addition, the economy operates as a free market. This means that there is minimal government intervention increasing the efficiency of market forces in determining the price of goods and services. The…

  • Rhetorical Analysis: Capitalism and Socialism

    Table of Contents Overview Ethos Logos Pathos Conclusion References Capitalism brings wealth, and not everyone can reach it, but in socialism, there is no wealth. Both capitalism and socialism were major influencing socio-economic theories, which reached their peak of manifestation in the 20th century. Capitalism is a system where the concept of ownership and free…

  • Capitalism, Climate Change, and Globalization

    In modern times, the entire human civilization is defined by the capitalistic approach to all relationships among people and countries. The current world paradigm calls for focusing on materialistic benefits and idolizes the pursue of profit as an accurate measure of ones happiness and success. Pope Francis insists that living beings can not have price…

  • The Theory of Capitalism: Hayeks Arguments

    The Authors Arguments Friedrich Hayek strove to defend traditional concepts of morality in economics and fought the progressive representatives of the new era who sought to destroy the classical canons. In his book, he compares rationalizers to Christians who tolerate human sinfulness but do their best to prevent it (Hayek 1960). In this regard, the…

  • Alienated Labor in Capitalist Societies

    Table of Contents Capitalist Society Marxs Alienated Labor Aspects of Alienated Labor Commodity Fetishism Alienated Labor in Capitalist Society Social and Political Implications Conclusion References The capitalist system is a generally accepted norm which functions successfully in the modern world. However, Marx presented the alienation of labor, which is one of the capitalist features, as…

  • Why Capitalism Is Superior to Socialism

    Table of Contents The Basic Principles of the Two Systems Stories from Some Socialist Countries Why Is Capitalism Superior to Socialism? Conclusion References The modern world is facing a myriad of cchallenges, including environmental issues, severe economic constraints, as well as global health-related threats. All these concerns fuel the discussion of the relevance and effectiveness…

  • Small Business in an Ideal Capitalist Economy

    Today, most of the countries do not possess pure capitalism but a mixture of free market and governmental regulations of the businesses. Owning a business in a mixed economy structure can be very challenging due to government intervention in the economy. In contrast, operating a small business in an ideal capitalist economy can open up…