Page
  1. 1
    1
  2. 2
    2
  3. 3
    3
  4. 4
    4
  5. 5
    5
  6. 6
    6
  7. 7
    7
  8. 8
    8
  9. 9
    9
  10. 10
    10
  11. 11
    11
  12. 12
    12
  13. 13
    13
  14. 14
    14

Disadvantages of Capitalism.

Extracts from this essay...

Introduction

Disadvantages of Capitalism As discussed in the advantages of Capitalism the consumer has all the power in the economy. However individuals purchasing power is drastically unequal because of the inequality of wealth within the economy. This is due to the fact that some people will always be able to work harder, be more innovative and be more talented than others, and therefore be more profitable and promote themselves higher in the economy whilst others will fail. Because of the inequality of wealth in a truly Capitalist society with no Government welfare great poverty will occur. This will lead to homelessness, slums, disease, etc. Forced migration will also increase these problems in large cities and towns. The people who cannot make any money in the countryside will move to the towns and cities with the belief of finding work and making money. In reality they will just add to the ever growing population of the poor classes. In a Capitalist society the rich get richer and the poor stay poor. In the end this will lead to great unrest and low morale in the society. ESSAY In order to debate between Capitalism and Socialism, it is necessary to understand what the differences, advantages, and disadvantages are of both systems. Basically, Capitalism advocates private property, and that society does better when an individual can purchase and produce as they see fit. Socialism, in essence, is the theory that property ownership should reside in the hands of the government, and that the government can do more with the assets than individuals can. The difference between Capitalism and Socialism can be summed up by their definitions. They are based upon completely opposite philosophies. Capitalism is a political and economic system in which factories, companies, land, etc. are owned privately in order to create profit for the owners. Prices of goods and services fluctuate depending on the desire of the consumer and the availability of the goods (the law of supply and demand).

Middle

Many immigrants from Cuba arrived after Fidel Castro came to power. Most of the Cubans were considered political refuges and were accepted by the U.S. government. During this time many Haitian refugees came to the United States, but were treated differently than the Cuban refugees because the Cubans had been fleeing a communist government, because of the U.S. opposition to communism. Many groups of immigrants still enter the United States for the same reasons that Europeans and other groups entered the United States. Among the new immigrants Mexicans make up a large portion of undocumented immigrants. The decline of European immigrants to the U.S. has brought an increase in Asian and Latino immigration. Native-born Americans have considered these new immigrants a problem and therefore immigration restrictions have been placed on these groups. The Latino and Asian population is steady growing throughout the United States and in some areas the majority of the population is or soon will be made up of people of color. As these people grow in population they will press for equal treatment and political, social, and economic opportunities. This introduction has examined the economic and political ways in which people have immigrated to the United States and how that immigration has been adjusted. It has been suggested that several factors effect a group's economic and political success including time of arrival and the amount of resources brought with them upon migration. A greater understanding to the rivers of migrations into the United States requires analysis of political and economic aspects as well as group mobility. The government and it's subsequent actions have shaped the way in which migration has occurred and also has shaped the ethnic and racial relations between groups, and has also effected the distinct development of cultures. Analysis, problems, and Remedies. After analysis it is my belief that the modern problems concerning racial and ethnic groups do stem from the authors' reasons, such as political and economic conditions, time of arrival and reason for migration.

Conclusion

(American Sociological Review 45 (1980:571-582) For all their ingenuity, the Korean Americans have experienced their times of setbacks. Their small businesses have almost always been located near downtown areas of large inner cities, on the edges of black and Hispanic neighborhoods. They often have been the flashpoints of friction between the owners and the people they serve. In 1991, the Reverend Al Sharpton led a boycott of Korean grocers in Brooklyn, New York.{American Social History, Page 887) During the Los Angeles riots that occurred after the Rodney King verdict in 1992, Korean merchants were targeted. Over eighteen hundred Korean American businesses worth millions of dollars were burned to the ground and vandalized. That was the largest urban riot in the history of the United States. Marlin Fitzwater, spokes- man for President George Bush, blamed President Johnson's Great Society, people of color saw it differently, many white people condemned the violence as unjustified. Even Rodney King appealed to the rioters to stop the violence. Despite the hostilities in different areas, Korean entrepreneurs are still committed to building successful businesses. By their successes in New York and Los Angeles, tin low-income neighborhoods, they have spearheaded urban renewal. (Articles and Papers, Why Koreans Succeed by Heather MacDonald, City Journal, Spring 1995) Koreans have been such a recent addition to the culture and mainstream of the United States, we cannot make general assessments of validity of their contributions to society. All indications appear to indicate they have made, and will continue to make, a positive, inspiring impact, as they continue to integrate our society. Large numbers of Korean immigrants came to this country as a result of the Korean War. American armed forces involved in the war, came back to the United States with wives and children. The larger influx of Korean Americans came after 1965, when a new immigration law was passed. Both groups, hardened by wartime and brutality, were filled with dogged determination to succeed. Overcoming prejudice and maltreatment, they are a positive addition to our country, which is still the melting pot of the world. Bibliography .

The above preview is unformatted text

Found what you're looking for?

  • Start learning 29% faster today
  • Over 150,000 essays available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Over 180,000 student essays
  • Every subject and level covered
  • Thousands of essays marked by teachers
  • Over 180,000 essays
    written by students
  • Annotated by
    experienced teachers
  • Ideas and feedback to write
    your own great essays

Marked by a teacher

This essay has been marked by one of our great teachers. You can read the full teachers notes when you download the essay.

Peer reviewed

This essay has been reviewed by one of our specialist student essay reviewing squad. Read the full review on the essay page.

Peer reviewed

This essay has been reviewed by one of our specialist student essay reviewing squad. Read the full review under the essay preview on this page.