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Capitalism Essay Topics & Paper Examples

Creative Capitalism

In an essay for TIME Magazine entitled “Making Capitalism More Creative,” multi-billionaire computer tycoon turned philanthropist Bill Gates (2008) espouses the potential for capitalism to flex and adapt in ways that can help address the needs of the poor or those in the developing Third World by creatively responding to them as markets with their own unique set of challenges, and as opportunities to build corporate brand recognition and prestige. In effect, Gates charges that by reconciling the self-interest of the profit imperative with that of the humanitarian drive, the world can make ‘lasting progress on the big inequities that remain.’ Gates slyly implies that while governments, non-profit entities and other civic groups have gone to great lengths in these…

Howard Zinn Chapter 13 Analysis

Zinn opens chapter with the recognition that “war and jingoism might postpone, but could not fully suppress, the class anger that came from the realities of ordinary life”. Despite the brief interlude that momentarily quelled class conflict, the issues at home had never been resolved and resurfaced with a vengeance. More and more writers were writing from a Socialist mindset: Upton Sinclair published The Jungle in 1906, as a commentary on Chicago’s meatpacking industry. In writing the book, Sinclair was influenced by writers like Jack London, a Socialist who had grown up in poverty in the Bay Area. London publish The Iron Heel in 1906, warning Americans about fascism and indicts the capitalist system” In the face of the facts…

Ethical Egoism and Capitalism

Ethical egoism, in general, is suggestive that every individual would act according to his or her own interests. According to the proponents of ethical egoism, every individual or any group will always be pushed to promote one’s own personal interests regardless of how others would view their decisions. However, a personal interest is viewed as a long-term commitment based on the ideas presented by the proponents of ethical egoism. Here, personal interest does not only cover the basic wants of an individual, but rather the needs of an individual which will benefit the individual or the groups for a longer period (“Ethical Egoism,” 2007). On the other hand, capitalism is an economic worldview that promotes the accumulation of capital for…

Max Weber: A Short Biography

Being a man with great aspirations, Max Weber’s life was filled with complexities and complications. Therefore, it is worthy of one’s time to explore the reasons of his success, a revolutionary thinker of the 19th century whose theories still remained as the subjects of interest among academics of the new millennium. In this paper, we shall explore on his life, followed by what influenced and motivated Weber to achieve the milestone of his life: scientific management theories. Lastly, we shall critique on the relevance of his theories in modern management. Biography Born in Erfurt, Thuringia, on 21st April 1864, Max Weber was the eldest son of Max Weber Senior and Hellen Fallenstein Weber. Suffering from meningitis at the age of…

Christian Ethics

1.What is the difference between self-interest and selfishness? Why is this distinction important when considering the competitive market economy as appropriate for a society? a.Self-interest is when someone is trying to protect their interest, but they also take into account how it may affect others. Whereas selfishness is where one makes decisions based on one’s self with no regards to others. It’s important to decipher these two meanings when considering the competitive market and what may be appropriate for a society because if one is acting out based on self-interest, yes, they may be looking out for themselves, but they are also looking out for their customers. These are the type of people you can trust and want to invest…

Competetion Commission of Pakistan

CCP Introduction The Competition Commission of Pakistan (CCP) was established on 2 October 2007 under the Competition Ordinance, 2007 which was later transformed into Competition Act 2010. With competition and consumer protection jurisdiction in broad sectors of the economy, the Commission deals with issues that touch the economic life of every Pakistani. About CCP….. The Act sets out the principles and norms of sound competitive behavior as well as the manner in which these norms are to be enforced. It provides a legal framework in which a business environment based on healthy competition towards improving economic efficiency, developing competitiveness and protecting consumers from anti-competitive practices is to be created. The Competition Commission of Pakistan (CCP) is an independent quasi-regulatory, quasi-judicial…

The Postmodern Proletariat

ABSTRACT Although the landscape of the business world has changed dramatically, there is disagreement among scholars as to whether Marx’s theory of alienation still applies to the current workplace environment. Although the advent of unions and teamsters groups, employee stock options and ownership sharing plans, and job benefits seem to ameliorate working conditions thereby minimizing the existence of alienation, some scholars believe that other inventions from capitalism such as globalization and information technology communications offset the balance gained from these improvements in labor relations thereby further promulgating its effects. Using historical observation from the early years of capitalism in America, social identity theory, and literature on information technology and corporate cultural diversity, a disparity emerges regarding how the social alienation…

Labor Unions

In the years of Post-Civil War the United States was on a path of capitalism, big-business, and becoming a Global Force that all countries would begin to recognize as powerful. Though this time period shown progression for industry and for the U.S. economy it also marked a rise of the working class, and of social stratification because the big business owners became richer and more powerful while the poor workers scavenged for jobs to feed their families. Disgusted by the poverty wages they received while the factory owners were reaping enormous profits, workers organized into Labor Unions that agitated for change. Labor Unions were generally successful in organizing workers but not particularly successful in achieving their goals. Workers in the…

Social Inequality

The ST Interview of Associate Professor Aneel Karnani of the University of Michigan in The Straits Times (14 Sep 2011) offers additional thoughts on what’s happening with regards to social inequality in Singapore. Social mobility and social inequality are interlinked. High social mobility is a tool to lower social inequality. According to Professor Aneel, income inequality is an inevitable by-product of free market economics. Technology and globalisation are two major factors why there is increasing social inequality in affluent countries, including Singapore. Professor Aneel argued why despite being a firm supporter of free economics, he believes some degree of wealth distribution is necessary. A high degree of social inequality would lead to exploitation of the most vulnerable. I would add…

Why Inheritance Undermines Capitalism

In this writing Haslett discusses the problem of inheritance undermining the economic theory of capitalism. He acknowledges wide gaps in the distribution of income, but introduces even larger gaps in the distribution of wealth as a greater problem. Haslett supports this accusation by proving inheritance conflicts the three most important values of capitalism. He proposes to readjust balances of wealth in America by abolishing inheritances. Inheritances violate capitalistic ideals of distribution according to productivity by allowing rich children to enjoy their parents’ wealth avoiding economic productivity. These children then inherit millions, continuing their wealth. Inversely, lower class citizens who work hard and have high economic productivities see limited wealth opportunities due to their job class. The second capitalistic ideal inheritance…

Custom Relationship Between Business and Society

The world today believes in change and liberation due to beliefs and values of every society, the quality of living based on individual decisions and moral values are critical in building and of business relationship. It is therefore vital to understand how business and society can be governed and all manner of people and races respected. Every society has taboos and social entities that control its environment; however business and society is based on values that can be created by others though scientific research. According to Weber, The Protestant Ethic is a starting point towards understanding the multiple dimensions of social change. The relationship between business and ethics is interlocked in the sense that a successful company is one which…

Fruitless Unions from 1875 – 1900

Late 19th century America was a time of both industrial prosperity and poverty among workers. It was run by grasping corporations and proprietors. Workers found themselves alone, amidst the rest of the nation, merely individuals under the control of the lavish Rockefellers and Carnegies. Entire families found themselves working 10 hours a day, 7 days a week in unsanitary conditions just to have enough money to pay for simple necessities like food and rent. The issue of lowering working hours, increasing wages, and humanizing working conditions quickly became indispensable. While organized labor groups such as the National Labor Union, The Knights of Labor, and the American Federation of Labor all strived to resolve these issues, victories were seldom. The crusade…

Marginal Concept

Some land might be very good for producing certain crops – rich in nutrients and easy to access and work. This land is likely to be used first for any cultivation because the relationship between the cost of producing the crop and the return gained from selling it will be highest. However, land that is not so good will be taken into cultivation if certain conditions allow. These conditions could be a rise in the price of the crop concerned or a means of either reducing the cost of producing the crop (perhaps through a greater understanding of how to maximize crop yield). Alternatively, it could be through some technological development that raises productivity (output per acre) or yield (for…

Occupy Wall Street Movement

The Occupy Wall Street movement started from young protestors growing tired of high student loans and low grossing wages. The movement had moral and economic implications. These implications could be compared to utilitarian, Kantian, and virtue ethics, with one that best applies to the movement. There are several people and organizations that can be held responsible for the inequality and wealth distribution in the U.S. There is an equitable outcome that would be appropriate for our capitalistic society from this movement. The movement will fade away with time with likely outcomes to come from the protests. Discuss the moral and economic implications involved in the movement. One of the main concerns of the Occupy Wall Street movement is the rising…

Global capitalism is the primary cause of world hunger

Evolution/ change are a way of life. People evolve, cultures evolve, and so do our economies. And with every change comes a considerable amount of resistance. The transition from feudalism to capitalism gathered its momentum in Western Europe in 18th and 19th centuries. Along with came chaos, ambiguities and insecurities. Numerous theories on Capitalism as good or bad also came along. Some include famous works by premier sociologists: Karl Marx and Max Weber. Though Karl Marx’s most popular theories on “class and conflict” made him a capitalist critique, it is mainly Max Weber who’s considered to have developed a more rational theory on capitalism. Defined in Max Weber’s term, Capitalism is a process where money becomes an end in itself…

Why Ferrari’s Are Expensive?

1) First of all, Ferraris are beautiful cars and luxurious which not many people cannot afford to buy them. On the eyes of economics the market system that governs our country which is capitalist gives many incentives for companies and for the buyers to best use their money. The first essential need for prices of Ferraris or any other type of property to go high or be worth more than what it really is, depends on how many people are willing of people to want those things. Consequently, the system works as on how many people want to have a Ferrari as their personal property which regulates the market system. Second, in capitalist economy there is freedom of enterprise and…

Capitalism and United States

There are many aspects of FDR’s New Deal that must be analyzed in order to determine if this collection of economic programs helped or hurt America’s effort in ending the Great Depression. The Great Depression caused both a decline in national moral and economic productivity unprecedented in United States history. The previously prestigious capitalistic economy was brought to its knees on Black Thursday in October of 1929. Roosevelt had taken office with the intent to quickly relieve a nation from Hoover’s “do-nothing approach” within his first 100 days as president. He knew he had to act fast in order to fulfill the demands of the people that could be, in part, credited because of their investments in the stock market…

Global Recruitment Market Report

http://www.aarkstore.com/reports/Global-Recruitment-Market-Report-2012-Edition-12373.html One of the major industries which move in tandem with the global economic condition is recruitment industry, also known as staffing industry. Recruitment is the process of attracting, screening, and selecting a qualified person (from within or outside of an organization) for a job opening. The types and sources of recruitment are of 2 types viz. Internal and External recruitment. Considering the structure of the global recruitment industry, the overall staffing market can be bifurcated in two major segments: General staffing and Professional staffing. Furthermore, the sub segments of general and professional staffing include Temporary staffing, Permanent staffing and Outsourcing. As of now, the general staffing segment which takes into account the staffing of the semi-skilled and lower wage…

Industrial Relations

1.1.1 Import Substitution/ Plan Era (1947 to 1991): For three of the five decades (1950-80), India steadily grew at the so-called “Hindu rate of growth” of three and a half percent. During the remaining period, it grew at rates between 5 and 6 percent. Indian economic policy during this period was mainly influenced by the colonial experience (which was seen by Indian leaders as exploitative in nature). This economic policy tended towards: –protectionism, with a strong emphasis on import substitution, –industrialization under state monitoring, –state intervention at the micro level in all businesses especially in labour and financial markets, –a large public sector, –business regulation, and –central planning. Five-Year Plans of India resembled central planning in the Soviet Union. Steel,…

Looking for Capital

When Joyce and Phil Abrahams opened their bookstore 1 year ago, they estimated it would take them six months to breakeven. Because they had gone into the venture with enough capital to keep them afloat for nine months, they were sure they would need no outside financing. However, sales have been slower than anticipated, and most of their funds now have been used to purchase inventory or meet monthly expenses. On the other hand, the store is doing better each month, and the Abrams are convinced they will be able to turn a profit within six months. At present, Joyce and Phil want to secure additional financing. Specifically, they would like to raise $100,000 to expand their product line. The…

Economic Systems

Socialism Socialism is an economic system where all the economic decisions are made by the government or a central authority. There will be no private property rights since the government officially owns all resources. It is also known as a command economy or a planned system. Socialist economics refers to the economic theories, practices, and norms of hypothetical and existing socialist economic systems. A socialist economy is based on some form of social ownership, which includes varieties of public ownership and independent cooperatives, over the means of production, wherein production is carried out to directly produce use-value sometimes, but not always, coordinated through economic planning and a system of accounting based on calculation-in-kind or a direct measure of labor-time. The…

Business Environment in India

1. How have businesses in India developed differently from their western counter parts? India, from 1947 to 1991 followed the socialist system of industrial development, wherein the major industries were controlled by the state. The western countries have followed a policy of free market and capitalism during the same time period. The Indian economy was restricted by the License – Permit – Quota Raj, due to which the opportunities of developing new businesses were minimal. This policy insulated the Indian economy from the outside world , and led to monopolies in the public sector which were inefficient, similar to the U.S.S.R. Post liberalisation, with removal of these restrictions, the businesses in India, free from the shackles of the permit system…

Economic Systems

Under a capitalist economic system, individuals own all resources, both human and non-human. Governments intervene only minimally in the operation of markets, primarily to protect the private-property rights of individuals. Free markets in which suppliers and demanders can enter and exit the market at their own discretion are fundamental to the capitalist economic system. The concept of laissez-faire, that is, leaving the coordination of individuals’ wants to be controlled by the market, is also a tenet of capitalism. In a capitalist system, individuals own resources, either through inheritance or through industry. The individual receives compensation for the use of resources by others. This, combined with inherited wealth of the person, determines an individual’s spending power. The accumulated spending power and…

Income Inequality: Too Big to Ignore

In “Income Inequality: Too Big to Ignore”, Frank shows the influences in Americans’ lives in different classes by the disparity between the rich and the poor. He arouses people’s consciousness for the “rising inequality” which is being polarized and has been causing immense damages to Americans, no matter which class they are. It is true that the “Income Inequality” in America is very obvious and affecting more and more people. Indeed, “we should just agree that it’s a bad thing”, however, are we able to do something concrete to deal with it effectively? Is the” rising inequality really required in the name of fairness”? I stand neutral towards Frank’s opinion. The reason of the “rising of the income inequality” is…

Market Mechanism

Scientific management of resources in the line of production, distribution, exchange and consumption is called simply allocation of resources. The allocation of resources discussed principle of right sharing of resources among competing sectors. Whatever, the type of economy be it capitalist, socialist of mixed decision has to be made regarding allocation of resources. In a capitalist economy decision about the allocation of resources are made through the free market price mechanism. A capitalist of free market economy uses impersonal forces of demand and supply to decide what quantities and thereby determining the allocation of resources. The producers in a free market economy motivated as they are by profit consideration take decisions regarding what goods are to be produce and in…

Pttls Course Assignment

1.1 Explain what your roles and responsibilities would be as a teacher. What Boundaries must you be aware of? I am a Registered Nurse (RN) and also a director of a domiciliary care business based in North Somerset. I have done a number of clinical teaching courses and have studied at Post Graduate level. This is my first generic teaching or training qualification. My roles and responsibilities as a teacher are to impart skills and knowledge, and in my specialist area this means training my staff in vocational and / or academic skills. In addition it is my responsibility whilst teaching to provide sessions and plans that are as inclusive as possible to as wide an audience as possible. I…

Expenses of the organization

Capitalism has been of great benefit to me as an individual due to the fact that it values political as well as economic freedom of an individual. Through allowing people to undertake various business activities, capitalism has allowed me to maximize on profit making. Capitalism does not limit the amount of wealth an individual can amass. Capitalism also ensures that my constitutional rights to own property are protected. The schemes of getting rich quickly in the capitalist world are some of the major disadvantages associated with capitalism. The driving force of these schemes is the employees who pay the business loans of organizations voting at work so as to regulate the property they are paying for (Downing p, 37). As…

Americans and Materialism

The 1960s represented an era of significant economic growth for Americans. Some economists argue that the early 1960s began the consumerism that defines American culture today. To what extent did American materialism — that is, the beliefs in the accumulation of personal wealth — make Americans afraid of communism? The chances of a communism in America were extremely small; Americans loved their democratic capitalist government. They would have not traded it in for being communist. In reality we as Americans are consumed by things we see and hear on TV, by what we see our neighbors have, and by what many people think is important in life. Materialism is a huge problem in this country. It appears to get worse…

Compensate for Market Failures

In my essay I am going to talk about the way in which the UK government deals with market failures and the several approaches they can and have taken with the aim of preventing certain aspects of market failure from re-occurring. I will be particularly focusing on the way to government uses taxation as a way of compensating for market failures and the numerous types of market failure that they have to deal with, on a day to day basis. Firstly, the concept of market failure must be explained; it is when a certain market is left to operate without any form of Government intervention and without this intervention, the allocation of goods and services by this free market is…

Commanding Heights

I have questions for you to think about after you watch the video. These are some of the macro implications of the global movement. I do not need you to answer these questions. Just have an understanding of some of the underlying issues. Will these questions be on the test? The answer is NO. But you have learnt some of these concepts and issues thus far in your exposure to global business environments (Chpts 1-6) and the video serves the purpose of giving you a real life view of how globalization played out since 19991 to 2003. On Page 2 you will see listed some of the key themes that are in the video that you need to know. On…