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Capitalism Consumes the Globe

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Introduction

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.

Middle

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.

Conclusion

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.

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