• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Capitalism Consumes the Globe

Extracts from this document...


Capitalism Consumes the Globe The history of capitalism can be considered as long as the history of man. We as people have always felt the need to trade in order to maximize our comfort, whether it is through food, gold, or silver. Each person has wants or needs that are satisfied through the exchange of each other's goods and services. I feel this is how the human race has been consumed by a capitalistic nature. Capitalism is the main player in the progression of globalization, which is the ways of he world that are being tied together. The mingling of cultures intertwines everything from the way we eat, the way we speak, and the way we act. The mixing of economies has lead to a single, global economy. This progression of globalization comes about through a myriad of ways and has been occurring since the start of civilization. ...read more.


As a practice, many aspects can characterize it. The first being, the accumulation of means of production as property called "capital". Second, the human productive labor necessary for the goods to be produced and distributed, also known as wage labor. That is, people work for wages rather than product. One of the aspects of wage labor is that the laborer tends not to be invested in the product. Labor also becomes "efficient", that is, it becomes defined by its "productivity", and capitalism increases its individual productivity through the "division of labor" which divides productive labor into its smallest components. The result of the division of labor is to lower the value, in terms of skill and wages, of the individual worker; this would create immense social problems in Europe and America in the nineteenth and twentieth centuries. As a way of thinking, capitalism can be described as the individual as the center of economic goals; everyone should pursue their own interests as economic freedom. ...read more.


Capitalism leads to the acquisition of wealth by the few, the more powerful corporations get, the wealthier the owners get. This might also lead to a widening of the gap between the rich and poor; there will be a small amount of people with the majority of wealth, and the majority of people will have the smallest amount of wealth. The theory behind capitalism is to use all available resources until the desired profit is reached, however resources are limited and will eventually run out. With this, I would like to bring into discussion the national perspective of capitalism as opposed to the global one. In the beginning the economic activity and issues of a nation were domestic. The people did what they had to do in order for the thriving of their own nation without the dependence on outside countries. The nation provided itself with the products it needed for survival. Eventually, the resources would be depleted or other products were sought after, thus came the birth of trade between nations. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level Political Philosophy section.

Found what you're looking for?

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

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level Political Philosophy essays

  1. How and why does Locke explain the creation, value and protection of property?

    same foundations to justify both economic and political equality is that they are fundamentally two different types of equality. This is best explained by Thomas Sowell, a senior fellow at the Hoover Institution in the United States. Sowell uses the Michael Jordan analogy to explain the two different types of

  2. How have political sociologist understood globalization? Globalization is perhaps the central concept of ...

    Particularly in the dominant form of national identity, it is the product of deliberate cultural construction and maintenance via both the regulatory and the socializing institutions of the state: in particular, the law, the education system and the media. The deterritorializing force of globalization thus meets a structured opposition in the form of what Michael Billig (1995)

  1. Karl Marx's (1818 - 1883) theory of capitalism.

    Marx's critiques of the capitalist system - its tendency towards crises, the necessity of inequality - are still relevant today. The Dialectic Marx's powerful critique has as it basis a unique approach to reality - the dialectic. Taking from G.W.F.

  2. The Search for independence, Macedonia

    The largest Macedonian uprising against the Turks took place during the Austro-Turkish war and is known as the Karpos2 Uprising(1689). In this period large social changes happened in Macedonia as transition from a barter economy to a monetary economy, growth of cities, beginnings of a cultural and national awakening, expansion

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work