Category: Capitalism

Capitalism is a form of economy driven by economic freedom. In this system, private individuals and corporations own capital and independently decide how to use their capital to make profit. They determine which goods to produce, the quantity to produce and try to sell their goods at a profit based on consumer demands. Producers, motivated…

Capitalism had a significant economic and therefore social and political impact on United States society during the years 1919-1941. Capitalism is an economic system that encourages individuals to make profits through investments and the private ownership of goods, property and the means of production, distribution and exchange. Capitalism created economic prosperity for business and industry…

Democracy and market capitalism are two partners, although there are ample to benefits of their relationship yet market capitalism has extraordinary influential impact on the outcomes of countrys democratic status. The voting system in countries make them more democratic and the term market capitalism means private enterprises where monetary entities are people or other ventures.…

There are different operations, strategy, beliefs, and principles that guide every economic structure. The principles and ideas that are dominating in such territories determine the type of system in operation. Capitalism vs. communism are two contrasting economic systems which are applicable in different places. Majorly, the difference between communism and capitalism is that the formal…

The debate over how humane capitalism is and most probably will be never completely settled. However, in a lecture at Cornell University in 1977, Milton Friedman provides a different perspective. One that does not fault the systems of the economy itself, but the results the system encourages and the role of individual morality. He touches…

In an interview with the Harvard Gazette, Zuboff defined surveillance capitalism as the unilateral claiming of private human experience as free raw material for translation into behavioral data; these data are then computed and packaged as prediction products and sold into behavioral futures markets business customers with a commercial interest in knowing what we will…

Karl Marx is undoubtedly the most prominent and well-known figure in anti-capitalist literature. His most famous piece of work, The Communist Manifesto, goes into very close detail about the class struggle and the exploitation by the few of the many. This essay will go into detail about Marxs characterization of the relationships between classes in…

Capitalism as a self-destructing political, economic and social system is central to the understanding of Marxs ideologies. By critiquing a structure that shapes the lives of many populations today, his work proves to still be extremely significant in offering an insight into capitalism and its implications. However, this assumption of capitalism inevitably self-destructing is one…

Capitalism and socialism are somewhat opposing schools of thought in economics. The central arguments in the socialism/capitalism debate are about economic equality and the role of government: socialists believe economic inequality is bad for society and the government is responsible for reducing it via programs that benefit the poor. e.g. free public education, free or…

There are different operations, strategies, beliefs, and principles that guide every economic structure. The principles and ideas that are dominating in such territories determine the type of system in operation. Capitalism vs. communism concepts are two contrasting economic systems that are applicable in different places. Indeed, the difference between communism and capitalism is that the…