Capitalism By Richard Peet: A Critical Analysis

Capitalism in our country has grown and expanded to such an extent that it has reached a point of invincibility almost. Capitalism has throughout the years created groups or even categories of social economic class within the population, which has dramatically changed the way we all view each other. Along with inequality, it has created a difficult structure for the people of lower classes to be able to climb up into a higher class to be able succeed in life, which many times fails because they are so tied down and being held back by the way they are viewed. Capitalism grows off what little the lower class has. Capitalist take them in and start producing their product pay them as little as they can a make their profit. As technology advances …show more content…
A white man and a black man could be within the same bracket of wealth but because of complexion the black man will always be inferior to the white man, and that is interclass inequality. There are various other classes that show and explain a capitals rise, but these are the main concepts, they feed on the people below them. The authors reason, Richard Peet, for this article is to synthesizing two concepts: the Marxist principle that inequality and poverty are inevitably produced by capitalist societies, and the social-geographic idea that inequality may be passed on from one generation to the next via the environment of opportunities and services into which each individual is implanted at birth. His goal is to show that Inequality and poverty cannot be eradicated without fundamental changes in the mode of production of industrial reserve army’s within cities. Peets reason for this article shows he agrees with marxist theory of inequality and poverty but felt that there was something missing to it, thats why he introduced the social geographic idea or theory to show that this correlates to Marx theory as well. To me, this is a very interesting article where I completely agree with Marx theory, but I 'm 75/25 on Peets social-geographical theory. I do agree with Peets arguments for the majority of the matter. Throughout the article he states various …show more content…
I feel as though racial equality was beginning to get to a point where everyone would be completely equal, but it seems that are other races that were against it and were offended so retaliation and abusement of power began to surge. we are entering an era of racial equality where everyone should consider themselves equal, but we are fighting against that. to me it seems that the new generation(us) are far more accepting of racial equality than the older generation (parents and grandparents), and that is something that not just because of our surrounding environment, but some kind of social