I choose two memes one that said “work harder my vacation homes don't pay for themselves” while a CEO lookalike smokes a cigar and another that says “Capitalism in Action: making people rich since the 16th century” and shows a field of rundown houses. Capitalism is an economic system in which the raw materials and the means of producing and distributing goods and services remain privately owned. It is based on a few things: working for a wage, private ownership, and production for exchange and profit. Capitalism is for those with money, they just invest it and accrue more capital. Those without money most sell their labor in exchange for money. Capitalism grew very fast with the start of the Industrial Revolution because the key fundamental feature of the Industrial Revolution was mechanization, introduction of new external power sources such as oil, steam to hand tools and modes of transportation. It killed the human pace and took the place of skilled workers, and was able to start mass production, mass transportation, and mass distribution. These systems are governed be the laws of supply and demand, so as the demand rises so does the price. With mechanization it was able to take over small businesses that were family owned and now they have competition with big corporations. You would think that people would see a big gain and the workers are compensated for their hard work, but that's not the case they are paid low wages and their job is not guaranteed. A sociologist named Karl Marx broke down the people into two categories the bourgeoisie, the owners of means of production, and the proletariat, those individuals who must sell their labor to the bourgeoisie. Marx believed that the pursuit of profit was behind the explosion of technological innovations. With these classes social dynamics of the bourgeoisie and the proletariat people were thought to have “double consciousness” as said by W.E.B. DuBois mostly the proletariat who some couldn't afford the products they were making. DuBois talked about the double consciousness of African Americans or “blacks” while living in Philadelphia. He also wrote about the color line, a barrier supported by customs and laws separating nonwhites from whites, especially with regard to their place in the division of labor. He traced the color line origin back to when people were scavenging for Africa's resources. If it were not for the way of thinking of the Europeans and the western world Africa will be rich because the land produces so much different type of resources. But they had got enslaved and their land taken away. Today it got a little better, but separation is still implemented in subliminal ways when it comes to higher positions and positions of status. Not only did Africa get colonized by Europe and the western powers but 80% of the world was colonized by Europe. Ideology, a set of beliefs that are not challenged or subject to scrutiny by the people who hold them, was the main factor in Europe colonizing the world. Capitalism was spread by invasion and conquest by western imperialist around the world. Whole civilizations were brutally destroyed and communities driven from their land into waged worked. Africa was 100% colonized by western imperialist and worst than waged worked got taken into slavery. Everywhere capitalism developed peasants and early workers resisted, but were eventually overcome by mass terror and violence. The bourgeoisie have created a new class but not as high as them but also not as low as the proletariat called the middle class. The middle class is designed to keep the rich from having to deal with the poor. I think it will be too much for a bourgeoisie to have to deal with the common issues arriving from common worker, all they want to see is their next profit. The middle class which are the managers and supervisors are like a check or two from going broke but they well get ruthless with the poor just to keep the rich happy and from actually doing the…
the future of:
Capitalism – eventually growth in the economy cannot be contained by the social structure and so a new social structe will need to be in place
Capitalism will burst apart and socialism will emerge
The same way feudalism burst and led to capitalism
Monarchies – liberal movements believed society shouldn’t be governed by monarchies
Nationalism – also on the rise
Read the communist manfiesto:
Alert to analogy
Trying to make sense of two revolutions
Karl Marx was born in Prussia on May 5, 1818 at a young age he began exploring sociopolitical theories at university among the Young Hegelians. He became a journalist, and his socialist writings caused him to be expelled from Germany and France. In 1848, he published “The Communist Manifesto” with Friedrich Engels and was exiled to London, this is where he wrote the first volume of “Das Kapital” and lived the remainder of his life
Karl Heinrich Marx was one of nine children born to…
List THREE things the author said that you think are important. These should reflect the definition of each term.
Conservatism: Reflections of the Revolution in France by Edmund Burke
1. The king is like a country’s servant, except he follows no orders from the people.
2. As the king, he is bound to the country and to attempt to make it the best he can.
3. We are to obey him because he is our king and he serves us as we serve him.
Liberalism: On Liberty by John Stuart Mill
1. The one in absolute…
The First Industrial Revolutions Impact on Society
Western Governor’s University
The Industrial Revolution was a major shift in history that impacted and influenced almost every aspect of daily life. This revolution is marked as the time from 1780-1850 when advancements in science and technology transformed the way of production, communication, and transportation. But this revolution did not only impact these aspects, it also had social consequences as well. Two major…
THE STRUCTURE AND CULTURE OF THE AMERICAN WORKPLACE SINCE
The structure and culture of the American workplace since Industrial revolution
Before the industrial revolution, people were agricultural based in farms that were spread
out in America. The mode of production was traditional and the output was dismal. Since the
start of the Industrial revolution to date, the structural and cultural workplace in America has
Capitalism is the economic and political system in which a country’s trade and industry are controlled by private owners; these owners are the capitalists, using their own proclaimed wealth to propel the investment of further wealth. The word capitalism comes from the word “capital” meaning something of value, generally, but not necessarily money. “Capital” originates from the Latin word caput, meaning “head”, which was used to mean how many head of cattle a wealthy person owned. Economics…
Karl MarxKarl Marx was an influencell economist during the 1800s. Marx has his own economic theory, called Marxism. Marx, a radical Communist ideas and philosophies played important roles int the forming of Communist nations during the twentieth century. Marx’s ideas would and have influenced the course of history. Even today, well past his death his philosophies and ideas are still talked about. Marx’s ideas are captured in his book the Communist manifesto.
Communism is “a theory or system of…
Adam Smith and Karl Marx
Modern political economic theory and philosophy can be greatly attributed to the works of two men who seemingly held polar opposite views on the subject. Adam Smith, a Scottish philosopher, published his most well known work An Inquiry into the Nature and Causes of the Wealth of Nations in 1776 and is most often associated with the ideas and principles of the political economic system known as Capitalism. At the other end of the spectrum is Karl Marx; the German philosopher…
The Concept Of Capitalism In Marx And Weber; What Is The Contemporary Relevance Of Their Ideas?
At the later nineteenth century many social and economical ideas were developed because of the past revolutions and the present conflict of individuals and organised assemblies. Capitalism, one of these ideas, leads bourgeoisie to dream of a capitalist society in order to advance their maintain lifestyle and gain wealth. This economic system which is dominated by private business and…