In the United States, we focus more on the capitalism fence, but there may be times where the government intervenes. The government might intervene for a number of reasons: to amend market failure, to attain a more equitable division of income and wealth, and to reform the efficiency of the economy. In 2009, President Obama intervened. General Motors and Chrysler were two major carmakers that were deteriorating. Obama intervened in these privately owned companies to correct failure. The government granted the two carmakers emergency loans so their businesses could remain operating. We are considered a capitalistic society, but in some cases our socialism is demonstrated.
The U.S. should start preparing for a long awaited scenario: The downfall of North Korea. No matter how long you take care of something, or try to protect it; it will never last. The same rule applies to governments, especially North Korea’s. North Korea has been around for a long time, and due to the surroundings and circumstances through which it stands, it has been able to maintain itself. In addition to that, its first leader Kim II Sung did a pretty good job at keeping his people in constant fear, and up to this date; his successors have made sure to keep the tradition going. Today the world is very different from what it was 50 years ago; roughly the amount of time North Korea has been standing, and just like communism faded away so will this communist state. The future of North Korea is most likely a downfall due to its young leader and his radical changes in government, the weak economy, and a possible revolt by the countries elite.
From generation to generation, North Korea stands as one of the last remaining communist regimes in the world. In a country built on oppression and regulation, why is it that no one seems to rebel? The sad truth remains that loyalty and obedience to North Korea’s supreme leader is an inescapable fate. From the day they are born, idolization of “The Supreme Leader” is drilled into the minds of those unlucky enough to be born into North Korea. Some would argue that extreme control is imposed merely to preserve a way of life. The question posed, is whether North Korea has gone too far in trying to protect this way of life. Through extreme limitations on use of electronics, speech, and religion, prohibiting virtually all contact with the outside world, and extensive use of propaganda, North Korea has greatly crossed the line from protecting a country’s best interest to taking away any and all freedom from its people.
For over a hundred years, Korea has always been invaded, influenced and fought over by its large neighbors, but Korea fought back as one united nation. It can be dated back to 1904, when Japan and Russia, the two large powers in East Asia at that time, fought for control of the country. Russia was defeated and Japan used its victory to annex Korea in 1910. Then, World War Two came about, dismantling the power of the Japanese Empire and Korea became a victim of the Cold War. Korea was divided into two spheres of influence, along the 38th parallel. While Japan surrendered, the United States and the Soviet Union swooped in to claim the Korean peninsula. The United States claimed the South of the divided land, while the Soviet Union claimed the
In 1776, Adam Smith created a publication called “The Wealth of Nations,” which was the beginning of Capitalism (Anderson, 2001). His theory stated that the wealth of nations could be increased by allowing the individual to seek their own self-interest and removal of governmental control over the economy (Anderson, 2001). There are three major points for the theory of capitalism. The first system was based upon the observance that people are motivated by self-interest (Anderson, 2001). The second premise was the acceptance of private property, which would be owned and freely traded in a market system (Anderson, 2001). Gains for exchanges of property creates incentive and become the driving power behind capitalism (Anderson, 2001). Lastly, the theory stated that it would be ideal to minimize the role of the government. The idea was to decrease the role of the government and increase free market (Anderson, 2001). Capitalism has a number of advantages that have liberated economic potential and provided a foundation for a great deal of political and economic freedom (Anderson, 2001). However, the down side of capitalism is that it can lead to monopolies (Anderson, 2001). Chr...
First of all, I will provide a quick overview of the evolution of capitalism since the Great Depression, which I believe is necessary in order to understand the capitalism of today and some of the problems to it. Then I will analyze four different problematic areas of free-market capitalism in the US compared with the Scandinavian government-managed capitalism. I will then discuss what kind of capitalism we want: We being different interest groups, such as the shareholders, the C.E.O.'s, the average worker and the poor. Finally I will discuss what values might be at stake in capitalism.
Socialism is a mix of market and command economies. In such an economy, the factors of production are owned by the people but controlled by the government through taxes and laws. Socialists believe government control can end poverty. This system began in the early 1800’s to offset the ills of industrialization. French revolutionists Charles Fourier and Henri de Saint-Simon preached that socialism would end opposition from employers. They believe governments are able to be more just and distribute wealth and justice better than the common man. Socialism strives for more equality in income than is common and recommends collective ownership of the factors of production. It is the border between capitalism and communism.
Comparisons between countries and regions before and after the advent of capitalism in Eastern Europe, Russia and Central Europe as well as a comparison of Cuba and the ex-communist countries provide us with an adequate basis to draw some definitive conclusions. Fifteen years of "transition to capitalism" is more than adequate time to judge the performance and impact of capitalist politicians, privatizations, free market policies and other restoration measures on the economy, society and general welfare of the population.
What do you think of when you hear the word “famine”? Do you think of natural disasters, of unpredictable tragedy, of innocent lives lost? Tragedy and death are inherent to the concept of starvation on a large scale, but the nature of some famines may have as much to do with politics as it does with the environment. What I expected to uncover as I began my research on the 1994-98 famine in North Korea was food shortages on a massive scale as a result of terrible growing conditions, extreme climates, unpredictable and unpreventable circumstances, for the most part. Admittedly, my knowledge of famine was limited to what I knew of the countryside of pre-communist China, where the most sustenance provided by the land the bare minimum was, and any number of external changes negatively effecting growth of or access to crops could equal devastation for entire regions. With that as my frame of reference, I was surprised by the uniquely political circumstances behind the famine in North Korea. The famine that killed 2-3 million in the 1990's was more closely tied to its independence from the southern half of the Korean peninsula it had once shared, to the fall of communism and the Soviet Union, than to any singular natural disaster. The millions that died did so as a result of their government prioritizing its independence over their survival, its budget over their sustenance. North Korea's famine was born of 1950's conflict, fueled by 1990's politics, and sustained by human error and hubris from within.
In the heart wrenching In Order to Live, Yeonmi Park details the disturbing history of North Korea as well as the gripping story of her journey to freedom. Some of the themes found in her memoir could parallel in some ways to aspects of one’s transition between high school and college. A theme I may relate to my experience is the idea of perseverance in in the face of hardship.