blog




  • Essay / American Capitalism - 2299

    Even though it is true that the United States is a global power, the current economic system, capitalism, threatens the national and global stability of the state; the concept of materialistic success creates inequality among citizens, which, in turn, leads to deviance and rebellion, as well as the possibility of a fallen capitalist society. If the United States were to struggle internally, one of two things would happen: all external industrialized forces would exploit America's lack of serenity, or those forces would contribute to an international depression as a result of a backlash. chain triggered by the collapse of a country. Important economic condition. The inequalities that exist between social classes are a product of capitalism, the idea of ​​private capital used freely by owners to profit from their businesses (The Encyclopedia America). Because money is at the heart of their system, American citizens are self-interested actors. Power and wealth flow among an exclusive group that represents the richest twenty percent of the American population. Power, in this sense, is the property of a private corporation seeking to make a profit. The best way to demonstrate the disparity between classes in terms of wealth is to provide the distribution of household net worth in the country. The richest 1 percent alone own nearly 26% of the American wealth network; The scary statistic, however, is how little the bottom eighty percent own, less than 20 percent of the network. Together, the richest twenty percent of the population make up about 86% (L-shaped curve), and inequalities are becoming evident. Amid the division of wealth, there are variations in the distribution of wealth by race. Recent surveys conducted by the US Census Bureau show a significant gap between ...... middle of paper ...... Santa Cruz. 2010. Internet. July 26, 2010. Chef, Simon. The new ruthless economy. New York: Oxford, 2003, print. July 23, 2010.huppi.com. Ed. Steve Kanga. 1991. the web. July 26, 2010. Kaletsky, Anatole. “Capitalism 4.0”. OECD Observer No. 279 (May 2010): n. page. Internet. July 24, 2010.lcurve.org. Ed. David Chandler. 1998. Internet. July 24, 2010. .McNally, David. “Turbulences in the global economy.” Monthly Review Volume 51, No. 2 (June 1999): n. page. Internet. July 25, 2010. Mihm, Stephen. “Why capitalism fails.” Boston Globe. September 13, 2009. the web. July 25, 2010. Romano, Richard and Melvin Leiman. Views on capitalism. Ed. Richard Romano and Melivin Leiman. California: Glencoe, 1970, print. July 23 2010.