Category: Capitalism

The Vision of Capitalism: Adam Smith vs Karl Marx Table of Contents The Division of Labor and Its Outcomes The Value of the Capitalistic Impact Critical Evaluation Works Cited Comparing Smiths vision of the impact of the capitalist economy to that of Marx, it can be claimed that the former offers a more positive evaluation…

Inheritance in Capitalism and Ethical Grid Background In their book Moral issues in business, the authors William H. Shaw seeks to demystify the notion that inheritance is justified by capitalism by examining the works of D.W Haslett. He explores this concept from a wealthy point of view rather than an income point of view where…

The Industrial Age and Capitalism: Key Features and Impacts on Society Industrial Age can be defined as the time when people became actively engaged in the development of manufacturing machinery. The given historical period is associated with many break-through technological advances and inventions, which consequently permeated almost every aspect of human life. The industrial revolution…

The Superiority of Socialism Over Capitalism In most western countries, capitalism is typically lauded as the most effective way of regulating market relationships, whereas socialism is traditionally frowned upon as a threat to free trade. However, not only does socialism suffer from a prejudiced attitude reinforced by the infamous witch-hunts, but also has a range…

Capitalism and Religion: Sociological Perspective Religion in the form of beliefs and rituals has always played a significant role in the lives of all the known societies worldwide. Enlightenment and the subsequent development of social sciences led to attempts to rationally analyze the impact of religious traditions on the lives of nations and individuals. In…

Modern Capitalism Needs a Revolution& by Cohen Capitalism, unconstrained by any regulatory process, leads objectively to a concentration of production and monopolies  this was Karl Marxs key idea. Roughly the same idea is repeated in Ronald Cohens article (2021) on the collapse of the U.S. economic system, the goal of which is solely to…

Contemporary Racial Capitalism in Flint Table of Contents Introduction Environmental Racism and Racial Capitalism in Flint Conclusion References Introduction The racism and neglect of human rights witnessed in areas inhabited by a nonwhite population are alarming. Research by Pulido (2016) traces severe cases of inequality and imbalance in the city of Flint, whose major inhabitants…

Capitalism as a Means of Promoting Inequality In this paper, I will prove that capitalism is the means through which the rich subjugate the rest of society, as evidenced by the pervasiveness of inequality in The Jungle by Upton Sinclair and the Address to the Prisoners of Cook County Jail by Clarence Darrow. The degree…

Social Classes and Capitalism: Sociological Theories According to the concept of social classes taken from the leading U.S. social class ranking, I belong to the middle class. This article focuses on the ideas of capitalism based on social classes while describing the concepts of perspective, conflict, symbolic interaction, and functionalism. Regarding functionalist theory, societys many…

Capitalism and Socialism in the Marxist School of Thought Given his views on history, sociology, philosophy, economy, and politics, Karl Marx is well renowned in academia circles. While his ideas were created based on the events of the 19th century, I still find some modern day relevancy in them despite widespread criticism. To begin with,…