Capitalism and How it is Viewed Essay

Capitalism and How it is Viewed Essay

Length: 1509 words (4.3 double-spaced pages)

Rating: Powerful Essays

Open Document

Essay Preview

Capitalism and How it is Viewed
Capitalism, by definition is known as “a way of organizing an economy so hat the things that are used to make and transport products are owned by individual people and companies rather than by the government”(Marxism). To some, this is the correct way of handling the economic situation in one’s country. But to others, such as Karl Marx and Adam Smith, there are other systems that would be more adequate. Is capitalism really the best way to go? What are the other options that could be better than capitalism? We must see which would be the best for society. If one were to negatively affect it, then it is not an option that should be taken. So, we must see the pros and cons for capitalism and how it can affect the economy and our society.
During the Industrial Revolution, there was a clear division between two classes, the proletariats and the bourgeoisie. The proletariats were mostly the working class. They were the laborers who were in the factories, doing the work that the proletariat class paid them to do. The bourgeoisie were the business owners, the people who had property and made money off of it. Some believed that the proletariats only wanted to make money off of the bourgeoisie’s work but that they did not care much for them. If it were to make them money, they’d make the bourgeoisie do it for them. This, shows a bit of capitalism by way of the bourgeoisie.
Capitalism is known as a very laissez-faire system, or one where the government makes no interference. Throughout the years, many countries have adopted this form of economy in order to have the people’s say in it. Without interference from the government, there is more freedom and less risk of the government messing the ec...

... middle of paper ...

...ill not have to deal with a giant mess made by these different implemented systems. So, is capitalism the right way to go? It really depends on the point of view you look at. Whether it be Marx’s, Smith’s, Veblen’s, or one’s own, all that really matters is that we look for what will most positively benefit us.

Works Cited
Little, Dan. "Economist's View." : 'Thorstein Veblen's Critique of the American System of
Business' N.p., 13 Nov. 2013. Web. 20 May 2014.
"Marxism." Merriam-Webster. Merriam-Webster, n.d. Web. 26 May 2014.
"The Marxist Critique of Capitalism." Boundless. N.p., n.d. Web. 29 May 2014.
Weber, Devra. World History: 20th Century. N.p.: McGraw Hill, n.d. McGraw Hill Education.
Web. 20 May 2014.
Welch, William. "Adam Smith: Capitalism's Founding Father." Adam Smith: Capitalism's
Founding Father. N.p., n.d. Web. 26 May 2014.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

The Future and Nature of Capitalism Viewed in a More Communist Light Essay

- Introduction Capitalism has never been truly dead and will be here for at least the next century. In a world where the market is filled with various imperfections, it is in order for the government to interfere to restore order in the market. Increased concerns over the 2008 market collapse prompted the government’s to take charge of their responsibility and act accordingly. Capitalism is a system of government that favors individual growth with minimal government interference. The opposite of capitalism would be communism, where in the property owner is the state, and the focal point being social welfare enhancement....   [tags: Keynesian Economics, Mixed Market]

Powerful Essays
2529 words (7.2 pages)

Is Capitalism Good For The Poor? Essay

- This paper sets out to answer the question, “Is Capitalism Good for the Poor?” The answer—yes or no—depends on the particular features of a nation’s institutions and how we measure and perceive poverty. Poverty, capitalism, economic growth, income distribution, markets, property rights, and rule of law are among the many topics addressed. Despite various impediments to positive institutional change in many nations, heightened competition spurred by the information revolution and the spread of political and economic participation worldwide through the usage of globalization has benefit people previously cut off from the path of success due to poverty....   [tags: Economics, Capitalism, Gross domestic product]

Powerful Essays
1560 words (4.5 pages)

This Changes Everything : Capitalism Vs. The Climate Essay

- Over the past few years, climate change has drastically increased to alarming statistics and per Naomi Klein, there is no indication that it is going to stop while the global society stays on this track. In her book ‘This Changes Everything: Capitalism vs. the Climate’, Klein writes about several factors that pertain to climate change. She writes about why people still seem to deny the cause and even the presence of climate change, what sort of technical fixes can be made to the environment, and that we either need to make a great change to our current ideology and economic beliefs, or even greater change will come to our environment in a negative presence....   [tags: Global warming, Climate change, Capitalism]

Powerful Essays
979 words (2.8 pages)

Essay about Marx, Weber and their Critique of Global Capitalism

- While Marx and Weber had divergent analyses of capitalism, their evaluations of modern global capitalism have a common thread of thought. They both view the implementation of global capitalism, where subordinating individual needs and desires to achieve the end goal of accumulating wealth for wealth’s sake, as irrational and unreasonable. Because of that commonality, it is feasible to draw from both analyses to explain global capitalization today. Karl Marx believed that the ultimate end of society is an imminent and significant, consisting of happiness, which can only be achieved via organized collectivism....   [tags: capitalism, Karl Marx, Max Weber, economy, ]

Powerful Essays
1767 words (5 pages)

Capitalism Vs. Socialism And Capitalism Essay

- Capitalism VS Socialism Two of the most talked about economic systems are socialism and capitalism. These economic systems are pretty different but both have proven their success In the modern day. Capitalism focuses on freedom of the market while socialism focuses on equal opportunity for all. Most modern capitalist countries have socialist aspects. This being said most modern socialist countries are not completely socialist and have other influences as well. Without influence from each other neither would be able to properly exist in the modern world....   [tags: Capitalism, Socialism, Karl Marx, Marxism]

Powerful Essays
2323 words (6.6 pages)

The Original Ideas Behind Capitalism Essay

- The idea was for every citizen to be on even footing, and there would be no unfair power of one individual over another and that market forces would assure that all citizens would be cared for (Slatter, 2014). The original ideas behind capitalism were good: to prevent monopolies of goods and power, and to safeguard institutional order, but what it has created over time, is an idea of individualism, self indulgence, narcissism and social havoc (Slatter, 2014). In fact, according to Premawardhana, “our contemporary economic assumptions “affirm greed as normative, the capitalist economic system functions on the assumptions of scarcity and unlimited need....   [tags: Capitalism, Economic system, Greed, Economics]

Powerful Essays
1218 words (3.5 pages)

Max Weber : Democracy And Capitalism Essay

- Max Weber (1864-1920), a prominent theorist of social science, had already witnessed both democracy and capitalism unfold and function in both Europe and the United States when he began writing at the turn of the 20th century. He followed in the footsteps of other social scientists and scholars such as Karl Marx, Friedrich Nietzsche, Charles Darwin, and Emile Durkheim who had all produced literary works in the 19th century. In 1905, while writing The Protestant Ethic and the Spirit of Capitalism and pondering the effects of a “modern market economy” on the future of democracy, Weber asked, “How are freedom and democracy in the long run at all possible under the domination of highly developed...   [tags: Capitalism, Karl Marx, Sociology, Max Weber]

Powerful Essays
1213 words (3.5 pages)

Capitalism : A Strong Form Of Government Essay

- Capitalism was a very strong form of government in fact, it was so strong that it was one of the factors that led to the evolution of the Industrial Revolution. Capitalism is a form of government where it’s based on open competition in a free market, in which individuals and companies own the means of production and operate for profit. The Industrial Revolution that began in 1780 in England, was a time shift from using hand tools to machines producing the demands of humans. Through out the growth of capitalism, proletariats and the wealthy began to question themselves on the effects of capitalism on society, the nature of human beings, and the ideal social and economic situation....   [tags: Karl Marx, Marxism, Working class, Communism]

Powerful Essays
1532 words (4.4 pages)

A Comparison of Capitalism and Socialism Essay

- Capitalism is superior to Socialism Capitalism is the world’s very popular economic system based on a free market, open competition, profit motive, and private ownership of the means of production. Capitalism encourages private investment and business compared to a government-controlled economy. Investors in private companies also own the firms and are as capitalists. By contrast, socialism, a government-controlled economy, is based on equality, social justice, and common ownership by the people....   [tags: Economics]

Powerful Essays
926 words (2.6 pages)

Global Capitalism : A Theoretical Approach Essay examples

- Question 1: I believe that global capitalism will change in the next 30 years because people, particularly the Proletariats of society today, will be tired of putting up with the Bourgeoisie taking all of their money and leaving them to live a life of extreme poverty. I believe that in the next 30 years the Proletariats will become class-conscious and see the injustice the bourgeoisie is inflicting upon them. Stéphane Haber writes in her journal, “Emancipation from Capitalism?” that “One must be able to disconnect from capitalism and define it as external to certain crucial aspects of who we are and the world that is ours, without which the theme of emancipation would be deprived of cer...   [tags: Marxism, Communism, Karl Marx, Means of production]

Powerful Essays
740 words (2.1 pages)