Capitalism is a system based on economic enterprise involving exchanging within the market, it is a private economy where profit-seeking establishments employ salary-earning employees to carry out the production of goods and services (Stanford,2008). Advocators of capitalism are those who support an economic system based on the freedom of private ownership (Amadeo, 2018). It would be difficult to find a pure capitalist country at present […]

In the book ‘the mystery of capitalism: Why Capitalism Triumphs in the West and Fails Everywhere Else” Hernando De Soto, the Peruvian economist presents a detailed study of several countries and their failure to benefit from capitalism. It is important to mention here that while most economists understand that land is as important a factor of production as liquid capital still many have failed to […]

Capitalism promotes greed and selfishness In capitalism country, not everybody does things with the purpose related profit. Many people also do something or help somebody because of kindness, but for the most major companies or governments in the Capitalism country, they run with the profit purpose. In this kind of operational system, people tend to be greed and selfishness. Therefore, people in capitalism country being […]

Critique of Ian Bremmer’s ‘State Capitalism Comes of Age’, 88(3), in Foreign Affairs, 88(3), MayJune 2009. The assignment I am working on for Contemporary Research in Management module is very interesting. It is a critique, so something different than normal essey or report. A critique is a paper that gives a critical assessment of a book or article. Critique does not have to be negative, […]

Capitalism depends on a continuous sense of dissatisfaction to exist.  The temporary relief experienced by dissatisfied workers engaging in leisure activities such as shopping is not caused by the acquisition of an object, but rather is produced through the action of conspicuous consumption of those objects.  In other words, the relief is felt during the pursuit of certain objects and the exchange of money for […]

Kantian capitalism focuses on the corporation as an individual with rights, the exercise of which is limited to the extent that the rights of others are affected. As such, the corporation and its managers are responsible for the consequences of their actions on others. A utilitarian perspective would present the argument that the liability of corporations in the effects of its actions depends largely on […]

The World is experiencing the phenomena of globalisation, which is considered beneficial, it promotes free movement of people, goods, culture, and food and so on. From an economical prospective it is all about free market, outsourcing and bringing down national borders, making the world seem smaller. Therefore in Western developed countries this is fully accepted as it is considered being market capitalism and a final […]

The political system and the economic system of the United States have been intertwined since the very founding of our country. Although there are many different views on how well the systems work or how they function, this has been a common thought shared by all different sides. Some have an optimistic view of capitalism, while others feel as though capitalism favors too few people. […]

The way the stock market works in the world today is if there is a Stock (Piece or share of a company) that are being bought out by a lot of investors, the price of the stock will increase extraordinary high. If the stock does not get bought, the price of the stock will lower to a cheaper price. To buy the best stock that […]

Capitalism is a system of production in which the wealth generated is shared within a few individuals or one. The system allows for private ownership of the production where the capitalist purchases labor at a squat price and uses the labor to generate enormous wealth. The profits acquired from the production exercise is not shared correspondingly, rather, the owners take the huge chunk off to […]