Friday, January 3, 2020

Essay on American Capitalism - 2283 Words

Although it holds true that the United States is a global power, the current economic system, capitalism, threatens the states domestic and global stability; the concept of materialistic success creates inequalities between citizens, which, in turn, leads to deviance and rebellion, and the possibility of a fallen capitalistic society. If the United States were to struggle internally, one of two things would happen: all industrialized external forces would exploit on Americas lack of equanimity, or said forces would contribute to an international depression as a result of a chain reaction set by the collapse of an important economic state. The inequalities that lay between social classes are a product of capitalism, the idea of a†¦show more content†¦In contrast, only 8.6 percent of whites/non-Hispanics fell between the lines of poverty (U.S. Census Bureau). Wealth is so scarce and it hardly gets distributed. Some might argue that inequalities are trivial to democracy, that i n any case, people will always remain unequal either by status or pay. The American motto is that if a man works hard, he will receive the most opportunities and will be reimbursed. Since it is a profit-based economy, only those with talent who can assist the CEOs in making profit will reach status in the top twenty percent. However, claiming that the majority of the population, a good eighty percent, is untalented is obscure. A smaller percentage might have been more reasonable to account for. Though it holds true that in any system inequalities preside, the wide gap between the social stratifications in America demonstrates the extremes. This theory of hard workers to the top does not regard those who have inherited their power and wealth; the fact that neither power nor wealth are extended to all citizens, at least a fair majority, shifts the government away from democracy as well. Democracy by definition is ...the ideal alternative to a bureaucratic, authoritarian state...Democr acy is a form of government...[that] rests directly or indirectly on the freely given consent of the majority of the adults governed (The Encyclopedia Americana). In other words, power is centralizedShow MoreRelatedCritique Of American Capitalism And Capitalism2411 Words   |  10 PagesCapitalism is not a rigid, inflexible economic and political system—there are many forms of capitalism around the world. It is illustrated as being different variations of capitalism outside the United States; there is the Dutch version, the French version, the British version, as well as the American version. American capitalism implements free-market ideology and that makes the U.S. stand out among other nations. Other nations do not dwell on privatization and deregulation nearly as much as theRead MoreThe Corporate American Model Of Capitalism1316 Words   |  6 PagesCapitalism is good. In reading the articles, it seems scholars are either pro or anti-capitalism. The corporate American m odel of capitalism is built upon free enterprise and encourages competition. It’s also called the Liberal/Social Democratic model. Our economy, supposedly, encourages and rewards competition and equality. Yet the lack of competition and equality in our economy are issues scholars take aim at the most. George (2013) wrote in his editorial, â€Å"In the United States, income inequalityRead MoreBenefits And Drawbacks Of American Capitalism996 Words   |  4 Pagesand drawbacks to American Capitalism. Capitalism is the idea of a free market based economy wherein that economy is organized by individual people and companies rather than the government. This type of economy, in essence, promotes cheaper goods bought and sold, less waste, economic growth, innovation, and overall fairness. However, the American dream is not all it takes in order to pave a path to economic success in our society. 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If there isRead MoreCapitalism And The American Worker1331 Words   |  6 PagesThroughout the 19th and 20th century capitalism was on a rise and many writers had different perspectives on the positives and negatives of capitalism and how it shaped America. Thomas DiLorenzo who wrote How Capitalism Enriched the Working Class, focused on how the world became better bec ause of capitalism. Melvyn Dubofsky’s Industrialism and the American Worker, focused on how the lives of working people were deteriorated because of the development of labor and what conditions these people facedRead MoreSlavery And The Making Of American Capitalism1153 Words   |  5 PagesJose Arciga Robert Dean History 110 11.10.15 Essay Prompt The Half Has Never Been Told :Slavery and the making of American Capitalism Back when America was being shaped, tobacco was the main slave produced trade in the colonies. Plantations all across the south had a majority of the slaves from Africa brought here on ships. Forced to work for their slave owners. Tobacco wasn t the only booming business. Cotton soon came into the picture, the north was a more industrial economy, while the southRead MoreAmerican Capitalism And Soviet Communism1344 Words   |  6 Pages American capitalism and Soviet Communism were incompatible systems; Washington shouldn’t have been surprised to hear this in George Kennan’s long telegram. But the tensions were not always this high between the two word powers. In the end of world war two, â€Å"Stalin s empire was won with reservoirs of soviet blood†(cite 1). The thought to be never ending Soviet army was not limitless anymore. The estimated cost of the war was at 2.6 trillion(cite 4), with most of the population wanting to focusRead MoreThe Battle of European Socialism vs. American Capitalism2286 Words   |  10 PagesBattle of European Socialism vs. American Capitalism† Let the battle begin, on the left we have European Socialism and on the right we have American Capitalism! Round One: What is Capitalism? Capitalism is regarded as an economic system and a political strategy distinguished by certain characteristics whose development is conditioned by numerous variables. So how is Capitalism viewed in the United States of America? American Capitalism can be viewed in multiple fashions:

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