...Today, we live in a more controlled world, us as people have developed a better way to progress. How can we tell? Well with a better understanding of how our world started out and how it progressed to the 21st century. When I hear efficiency for a country, I think of capitalism. I believe that in fact, it does work, and makes the working class happier. Capitalism produces more wealth and it helps money cycle more efficiently because more and more companies start booming and real estate starts to become better. I have a feeling that if we have the flow of capitalism in our country it will improve people's needs to work harder. When I think of taxes, I think of spending our hard-earned money on things that really do need the money. I believe...
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... * Flight from conversation * Plasticity of Brains * Relationship between capitalism and democracy * Three main approaches to the political economy of the media Lecture 2: * Four great communication revolutions * Evolution and history of early Homo Saipan species * Common ancestor * Eight major developments in evolution * Third chimpanzee * Importance of Fire * Great Leap Forward * Surplus definition and importance to civilizations * Pre-Capitalist society surplus * C-M-C * Important developments of the Age of Kleptocracy * Second great communication revolution * Where it did and didn’t develop and why * Importance to society * Greek philosophers * Feudalism * Importance of 1492 and new world discovery * Third great communication revolution * Products of the revolution Lecture 3: * The catechism of capitalism * Change in the economic equation from feudalism to capitalism * Mindsets of society under feudalism * Mercantilism * Industrial capitalism equation * M-C…p…C1-M1 * Characteristics of the equation * Three Iron laws of Capitalism * Externalities * Role of banking and views of major economists on finance * Importance of a global system * Effect on policy * Who was the original leader in capitalism and whom were its successors * Owner-operated businesses * Role of slavery in...
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...Using material from item 2b and elsewhere assess the Marxist view that the main role of the family is to serve the interests of capitalism. Marxism is a conflict theory which sees all society’s institutions, such as the education system, the media, religion and the state, as helping to main class inequality and capitalism. For Marxists, therefore, the functions of the family are performed solely for the benefit of the capitalist system. This view contrasts sharply with the functionalist view that the family benefits both society as a whole and the individual members of the family. First of all one reason in which the family does serve capitalism, is through the origin of the family. Engels argued that the need for the family arose when society started to value private property. With the rise of private property an organised system of inheritance became necessary. This serves capitalism, because if land and fortunes are inherited, inequality will be reproduced, in that middle class families can pass on more property to their family. Whilst the working class have little if anything to pass down to their family. This goes against everything to do with communism as they believe that property and earning should be shared. Therefore, this shows that the family serves capitalism. Engels also argued that monogamy arose. This was so that the farther knew who their offspring was, so that they could pass their property down to them. This...
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...culture of progress, money and Capitalism. American culture, and western culture in general, may be characterized as the culture of Capitalism, or more specifically consumer Capitalism, and American society may be characterized as the society of perpetual growth. The following discussion treats exactly the topic of this thesis. The first part deals with Capitalism and the second one with consumerism. For most of us, American culture can’t be imagined without Capitalism, and it seems we got here on a way as determined as that of a tossed baseball. We are taught and come to believe that the head of the American economy is capitalist. It’s time to break out of that way of thinking. Let’s briefly think of the history of American Capitalism, only to get us out of this habit of thinking. When did American Capitalism begin? It is easy to forget that capitalism was born not so long ago, in the 19th century, when the Industrial Revolution took place, and entrepreneurs were creating new industries and wealth. In other words, capitalism came to be a “big thing” once it was already there. Capitalism effects people and created a consumerist society. Consumerist societies live by the influence of advertisements, and often buy things they do not need, and in most cases, they cannot afford it. This, in turn, leads to greater economic inequality, consumerists have a feeling of unfulfilled due to spending a lot of money yet having nothing of personal importance. The American dilemma is the consistent...
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...the capitalist system is its ability to outlast the passing of generations. “The owner of labor-power is mortal.” The solution, of course, is to ignore the individual and, as capitalism has done, engineer a system in which labor transcends its vessel. “If then his appearance in the market is to be continuous, and the continuous conversion of money into capital assumes this, the seller of labor-power must perpetuate himself, in the way that every living individual perpetuates himself, by procreation.” Marx defines reproduction as only the creation of a source of labor identical to the one it replaces; reproduction encompasses neither the nearly year long process of childbirth or...
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...middle of 1980s. The government faced a serious foreign exchange reserve crisis. It miserably failed to repay the debts taken from the World Bank and the IMF. Against this background the Narasimha Rao government, adopted the New Economic policy in July 1991. The main elements of this policy were liberalisation and privatisation which were also the elements of globalization. The Finance minister in the Rao government was an eminent economist, Dr. Manmohan Singh who is now the Prime Minister of India. The introduction of New Economic Policy by the Rao government was part of India welcoming globalization. Free economy and market economy received boost. Thelicense raj was discarded. The government control over economy largely loosened. The importance of public sector decreased, and that of private sector increased. As a result of this, India's economy had a turnaround within a short period. The foreign...
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...1. Summarize this article as a prelude to your analysis of your position. This article describes about capitalism through a social observer - Adam Smith because he was neither an economist nor a capitalist. Compare with communism and socialism, he is pleased to see that capitalism has triumphed over them in every part of the world. “Beloved capitalism” is the word that he used to describe it. However, he also condemned some bad influences and problems of capitalism. Instead of praising wealth creation, Smith set out only to describe the conditions in which wealth increases and spreads in a society. He also condemned the extravagance and ostentation of the rich and called for limited measures to alleviate the lot of the poor. Moreover, he provides credible solutions to cure what bad issues in modern capitalism. There are 4 ways that Smith would do in 2012 to improve the system and to modulate income disparities, such as, “. Save the euro and the European Union”, “Fix the US debt and deficit”, “Integrate the emerged markets” and “Educate”. 2. Provide your analysis to either support or oppose the supposed point of view of “Adam Smith” concerning today’s global economic environment Smith is also known for his explanation of how rational self-interest and competition can lead to economic well-being and prosperity. Smith believed that while human motives are often selfishness and greed, the competition in the free market would tend to benefit society as a whole by keeping prices...
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...Capitalism vs. Communism Throughout history, there have been many systems developed in order to have a better society. Two of the most analyzed, and debated systems that have tired to change an economy for the best are communism, and capitalism. Communism, and capitalism have been compared on many levels, such as why they will or will not work, and which one works better. Throughout this essay I will concentrate on the differences, and similarities of how each operates, along with the benefits, and problems that each of them produces. Both of these economic systems theories came about around the same time, in the late 17th to mid18th centuries. One of the main contributor for capitalism was Adam Smith, writing The Wealth of a Nation in 1776, and Karl Marx for communism publishing the Communist Manifesto in 1848. These both were looked as a manual or guide for achieving such advancements. Communism called for the people to not be selfish and work for the benefits of the community rather for their well being. It asks them to see that what benefits the whole, benefits themselves. Capitalism on the other hand is focused on working for individual growth, and personal ownership to provide wealth for one's self. Communism plans to have a higher power or government control the economy to create a better way of living, by which all goods are equally distributed. As capitalism wants the government to not play a big role in the system, but instead wants it to be up to private ownership...
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... 17-12-12 PHILOSOPHY,SOCIOLOGY;PSYCHOLOGY AND BUSINESS CONSCIOUS CAPITALISM: Lecture: Josè Alarcòn EXECUTIVE SUMMARY: Conscious Capitalism: A more complex form of Capitalism that hold within itself the possibility to enhancing corporate performance while contributing to advance billion peoples’ quality of life...or...just good business. When approaching to this “new” horizon we have to know that is not new...capitalism doesn’t involve avidity and disrespect, it just has been corrupted. When Kant and Montesquieu were talking about the reducing of conflict through commerce, they were talking about just good business. This is a really important thing that has to enlighten everyone while approaching to capitalism in general and, obviously, to Conscious Capitalism. This philosophical and economical theory has to be understood in all its details because it seems there are no trap this time, we have eroded our world till today but maybe tomorrow we can began to “reconstruct” it. In fact, now, we can see our reality and our future “on the shoulder of the giants” (passage from Bernard de Chartres) and of the other tall men that have kept thinking...
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...husbands to control their wives and this was to ensure the paternity of the sons. Therefore, wealth can be kept in the hands of bourgeoisie families (the ruling class) through inheritance from father to son. This is useful that he identifies the male superior towards the in the N.F and the importance functionalists believe of reproduction to keep the wealth within the family. Also shows the functionalists theory of the economic function of the family to be kept in the family showing the unfair advantage the bourgeoisie had on the proletariat. Eli Zaretsky in 1976 said the N.F reproduces the next generation of workers and it consumes the good of capitalism. It acts as a safety net for male frustration created by work. Zaretsky identifies the usefulness of the N.F giving an understanding of the dominating roles with the mother and father showing how sexist it is towards women. Also shows the socialisation of functionalists as the N.F sets up a good stability for the dependent children. Cooper another sociologist said the N.F is used to reinforce the ruling class ideology in order to keep the proletariat in a state of false class consciousness. This is useful as it identifies the importance that the N.F is...
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...the increasing interconnectedness of the world (interconnectivity) Culture: shared ways of understanding and doing things (conceptual lense) and is socially constructed, hence changeable Culture Core question of course: does increasing globalization lead to the spread of new global cultures (more cultural sameness) or to more cultural differences? Globalization increases cultural similarities and differences the four main characteristics of globalization ~ Cochrane and Pain 1. stretched social relations, 2. intensification of flows, 3. increasing interpenetration of cultures, 4. an development of global infrastructure Globalization is driven by modern science, capitalism, and industrialism The four power players in globalization (‘nation states’, ‘military’, ‘division of labour’, and ‘capitalism’) ~Giddens Two main forms of culture contact: hybridization and differentiation Globalization involves reflexivity, i.e. ‘old certainties’ disappear Reflexivity is the idea that both individuals and society are defined not just by themselves, but also in relation to each other. Therefore they must both continually redefine themselves in reaction to others and to new information Lecture 2: Is There a Global Culture? • • • Power relations: having the ‘right’ to define what things are (Giddes, lecture 1) ‘Us – them’ distinctions The power relations of four groups in society: Majorities and elites are dominant groups (privileged access to the resources of a society); ‘mass...
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...online discussion we discussed whether "capitalism benefits everybody". Purpose of this discussion was to analyse the importance of sociological imagination and ethical reasoning for better understanding of business, society and government relationship under capitalism, it was valuable to know each other's opinions, knowledge and understanding on the topic. Sociological imagination can be defined as the social analysis of behaviour and traits of business, society and government that assist us in representing images from our previous experience and knowledge, because of each other's uniqueness it was interesting to discuss about this topic and to get a broader response. After participating in the online discussion I can define capitalism as an economic and political system in which a county's trade and industry are controlled by private owners for profit rather than by the government. There are both advantages and disadvantages to capitalism in Australia but it truly benefits everyone including the Business sector, Government and Society. Since the economic and political systems are controlled by the private sector to gain profit, it'll encourage the owners and the employees to be efficient and produce quality goods and services. This will increase GDP (Gross Domestic Product) in Australia, and therefore it will also increase the country’s economy which will benefit both the government and the society. As most of us have discussed capitalism definitely benefits the society, because...
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...So, the businessmen must give a regular supply of good quality goods and services at reasonable prices to their consumers. They must avoid indulging in unfair trade practices like adulteration, promoting misleading advertisements, cheating in weights and measures, black marketing, etc. They must give fair wages and provide good working conditions to their workers. They must not exploit the workers. They must encourage competition in the market. They must protect the interest of small businessmen. They must avoid unfair competition. They must avoid monopolies. They must pay all their taxes regularly to the government. In short, business ethics means to conduct business with a human touch in order to give welfare to the society. Need or Importance of Business Ethics Stop business malpractices : Some unscrupulous businessmen do business malpractices by indulging in unfair trade practices like black-marketing, artificial high pricing, adulteration, cheating in weights and measures, selling of duplicate and harmful products, hoarding, etc. These business malpractices are harmful to the consumers. Business ethics help to stop these business malpractices. Improve customers' confidence : Business ethics are needed to improve the customers' confidence about the quality, quantity, price, etc. of the products. The customers have more trust and confidence in the businessmen who follow ethical rules. They feel that such businessmen will not cheat them. Survival of...
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...“Making” Capitalism Erin MacDonald CHN: 388W February 18th, 2014 About two pages into the section titled Smashing the Four Olds of Gao Yuan’s book Born Red, I came across two sentences that really caught my attention. This part of the section highlighted a conversation between a group of Red Guards who had gone into a small town and came across some peasants selling various home-grown vegetables out of wheelbarrows on the street. These Red Guards proceeded to ask each other “Aren’t they [the peasants] making capitalism?” (pg. 87) At first glance, I attributed the odd wording of the sentence to be an example of what I would call “Chinglish” which can be described as a poor translation from a Chinese word or phrase into English. However, as I read down the page a bit more, I came across another instance of this odd phrasing where the Red Guards referred to those peasants as “making” capitalism; they had approached a man selling eggplants from the man’s own garden and proceeded to ask him directly, “Who allowed you to make capitalism?” (pg. 87) I surmised at this point that Gao Yuan had not merely translated his choice of words poorly but had in fact used the phrasing “making capitalism” intentionally. Gao Yuan’s deliberate description of the peasants to be “making” capitalism made me question whether or not there was any significance behind his particular choice of words. What did the Red Guards mean by saying that those peasants were “making” capitalism? Can capitalism...
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...interpretation of ideas. In his arguments, Weber sees the urge to look at ideas, especially the meanings put onto things and the role of changes of ideas that contribute to society and social changes. His main concern was to understand the processes of rationalization, secularization and disenchantment that he associated with the rise of capitalism and modernity; which resulted to a new way of thinking about the world. He used the German word “verstehen” to discuss deeper understanding of the meanings people put to things; a word that is still used in today’s sociology to analyze the important elements of culture and society. Weber was best known for his thesis combining economic sociology and the sociology of religion as explained in his book: “The Protestant Ethic and the Spirit of Capitalism” which he proposed that ascetic Protestanism was one of the major elective affinities associate with the rise in Western world of market-driven capitalism and the rational-legal non-state; against Karl Marx’s Historical Materialism. His emphasis was on the importance of cultural influence based on religion as means of understanding the beginning of capitalism. The Protestant Ethic lead to Weber’s broader investigations into world religion: he went on to examine religion with particular regard to the apparent...
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