Test 2: Report on Capitalism Simulation Game On February 20th‚ 2014‚ in Values in the Workplace‚ we played a game simulating capitalism. The goal of the game was to get into teams; each team had a certain amount of the same resource. These resources could be traded and bought from one another‚ with a goal of creating “Widgets”. These widgets are then bought from the consumer. The team‚ who ends up with the most amount of money‚ wins the game. The strategies that arose during the simulation were
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Does Capitalism‚ in theory‚ exploit workers? Why/why not? Give evidence both from Marx’s text AND from your own independent research. Capitalism is a system based on exploitation. “Exploitation is the use of someone or something in an unjust or cruel manner.” Mostly it is used to refer economic exploitation that is‚ using another person’s labor without offering them adequate compensation. According to Karl Marx‚ a German economist and social theorist‚ Marxist theory states capitalist class as
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American Capitalism and American Democracy have always gone hand in hand for the entire history of the United States since its founding‚ and many say one cannot exist without the other. Many people today commonly associate Capitalism with Democracy when asked about the United States in general. Capitalism is based on profits for the few while democracy is based on rights for many. Commonly capitalism is known as an economic system in which all or most of the means of production are privately owned
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PENTECOSTAL CAPITALISM: AN ETHICAL PERSPECTIVE AND ITS EFFECT ON CORPORATE SOCIAL RESPONSIBILITY 1. INTRODUCTION: At the bottom of many events in the world is the effect of religion. It is certainly older than many of her adherents. Religious leaders‚ sects and proponents of different theories of religion have come and gone. Dispensations have come with very many different religious experiences and till date‚ we are faced with the vicissitudes and dynamics of religion. Every adherent of certain
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of the general transition from a feudal to a capitalist economy. Since 1300 or so‚ when something dearly began to go seriously wrong with European feudal society1 there have been several occasions when parts of Europe trembled on the brink of capitalism. There is a taste of " bourgeois " and " industrial" revolution about 14thcentury Tuscany and Flanders or early 16th-century Germany. Yet it is only from the middle of the 17th century that this taste becomes more than a seasoning to an essentially
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Despite the governments attempt to restore equality and economic growth throughout the country‚ democratic capitalism has failed. Under a capitalistic democracy‚ inequality among citizens continues to rise‚ which results in economic loss. As a result‚ the rich maintains power over the middle and lower class‚ resulting in unnecessary waste and starvation. Since the upper class possesses dominance over the vasty majority of the population‚ decisions are found to only benefit the ones with control.
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Racism and Capitalism Racism has always been a problem in the United States‚ as well as in other parts of the world. Throughout time‚ people have discriminated against others because of their ethnicity. In ancient India‚ the cast system was developed around skin color‚ in order to distinguish between social classes. It was a quick‚ easy way to tell someone’s economic and social status just by looking at them. Nowadays‚ we still fight against racism. Although it is not as prevalent as it used
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Capitalism: End Of The Slave Trade System or Reevaluated Economic Stimulus. Like many others demoralized cultures during the Atlantic Slave trade period‚ Africans fell victim to the sixteenth century discovery of Columbus’ so called "New World." Europeans used the Atlantic Slave Trade to capitalize on Columbus’ so called "Discovery." For more than three centuries‚ the regions of Africa were in a state of destabilization. More than thirty million Africans were taken out of Africa and put in the
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Capitalism and socialism are economic systems that both began in 1750. In my opinion‚ capitalism is a better system because it includes private property and capital accumulations. Capitalism affords economic freedom. It also affords consumer choice and economic growth. Capitalism and socialism are somewhat opposing schools of thought in economics. The central arguments in the socialism vs. capitalism debate are about economic equality and the role of government. Capitalism is an economic system
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1. The two concepts of the key term in Bardes that I find most difficult to understand is aristocracy and capitalism. Aristocracy is a hereditary class ruled by a small number of individuals or a noble family. Capitalism is an economic system that produces and distributes privately or co-owned development from accumulating and reinvesting profits gained in free markets. Since I’m not into politics‚ these two key term makes it hard for me to distinguish upon trying to understand what types of different
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