State capitalism State capitalism in emerging markets is triumphing over liberal capitalism. State capitalism occurs when the government actively intervenes with firms and companies to boost economic growth. For example‚ the Chinese state accounts for 80% of the country’s companies. Hence‚ by controlling these multinational corporations (MNCs)‚ the China government shapes the overall market by managing its currency‚ directing funds to favored industries and working closely with Chinese companies
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Akith Dissanayake‚ Sociology 334‚ 1 Foucault on Capitalism Sociology 334 Akith Dissanayake 1231501 Akith Dissanayake‚ Sociology 334‚ 2 Foucault’s conception of capitalism and its rationality are understood through the double character of freedom. Foucault’s analysis lies in his realization that capitalism manages individuals and populations through freedom and not through repression. Freedom is the condition that allows the correlation between what Foucault terms as the
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Socialism and Capitalism-Which is the Answer? In the last century‚ socialism has been instituted in many countries such as‚ China‚ North Korea‚ the Soviet Union‚ Cuba‚ and many other Latin American‚ South American‚ and African countries. Socialism has failed in every case to change human nature for the better. Although no single economic system is perfect‚ we can still choose one that is more compatible with our world today. The two most popular economic systems are; Capitalism and Socialism
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Financialised Capitalism To answer an exam question on this‚ look at it alongside the lecture about Fordism and look at the diagram. Need a basis of comparison if we are going to say if job quality has improved and control has changed – changing from what? There used to be claims that Fordism was being replaced by post-Fordism – a system of work and employment relations which was different and better in job quality than Fordism. Most people say that Fordism declined in 1970’s and by the mid-80’s
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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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The term feudalism is recent‚ first appearing in French in 1823‚ Italian in 1827‚ English in 1839‚ and in German in the second half of the nineteenth century. It derived from "feodal" which was used in seventeenth-century French legal treatises and translated into English legal treatises as "feodal government". In the 18th century Adam Smith popularized the forms "feudal government" and "feudal system" in his book Wealth of Nations. In the 19th century the adjective "feudal" evolved into a noun:
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Although‚ the reasons why these two areas turned to feudalism are different‚ both societies had many centuries of this similar type of government. European feudalism was influenced most likely by the fall of the Roman empire and Germanic tribes (and other external forces) who had tried to invade them. Japan‚ on the other hand‚ adopted the system to settle internal disputes in the country and to split up the land between the nobility; Japanese feudalism developed because of internal attacks by groups
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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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French feudalism started in the 9th century and formally abolished on the night of 4 August 1789 during the French Revolution. In France most noblemen believed Feudalism was the best way to own or manage land. An aristocrat would give vassals land and in exchange the vassal promised military service to the lord. Although Feudalism was a very self-sufficient system of governing‚ it did have its negative side. For example most vassals could not travel outside of their region unless it was to defend
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