Rentier capitalism

The sky-rocketing consumer demand in the United States throughout recent years has led to world financial domination by enterprises such as Microsoft, Apple, Disney, Time Warner, etc. Historically, United States businesses have sought innovative ways of maximizing profit while minimizing production cost. It is a concept that has been continually exploited by numerous entrepreneurs. As businesses have persistently pushed for new ways of keeping low production costs, they have exploited the…

Ted Builder is an Orthopedic surgeon who runs a successful medical practice in Park City, Utah. He works 60 to 70 hours during the ski season and afternoons during the rest of the year. He earns $200,000 a year. Over the last 20 years, Ted as acquired 316 acres in and around Eden, UT. These properties were purchased because Ted believed that Powder Mountain would become a high-end resort and make the land more valuable. Ted has not actively developed any of the parcels of land. He currently…

Upton Sinclair’s The Jungle is an accurate presentation of United States history during the early twentieth century because it correctly depicts the exploitation of the poor working class and eventual shattering of dreams by the wealthy capitalists through: the political corruption such as the party bosses’ constant rigging of elections, the harsh labor conditions and cheating of wages put on workers, and the constant injustices and swindling that the working class endured. Sinclair…

The hallmarks of capitalism include access to private property and the freedom to act in one’s self interest. Socialism has the interests of the collective group at heart and provides that the basic needs of citizens are met. The key to linking these two is government regulation…

What is the origin of the wealth of nations? This question posed by Adam Smith, the architect of classical economics, is appropriate starting point to understand how economic systems are essential to understanding national development. The wealth gap between countries can be attributed to the divergent national economic histories each nation possesses. Smith equates wealth with economic growth that arises from a growing source of labour and capital stock, increased efficiency in the use of…

Zahiedieh’s article provides insight into how the background of merchants triggered the growth of mercantilism. Both Zahedieh and The Atlantic World discuss the expansion of mercantilism. The Atlantic World, however, focuses on the growth of merchant capitalism while Zahedieh centers…

O so vast so mighty, The Great River rolls to sea, Flowers do waves thrash, Heroes do sands smash, When all the dreams drain, Same are loss and gain. Green mountains remain, Under pink sunsets, Hoary fishers and woodcutters, Along the banks, find calm water, In autumn moon or in spring wind, By the wine jars, fill porcelain. Discuss talk and tale, Only laugh and gale... This is a very famous poem in china. It means that there are many things happened in the history, these things are like the…

Wealth Inequality in America is Justified Ralph Waldo Emerson once said, “The only person you are destined to become is the person you decide to be.”(goodreads.com). We are all handed a card when we are born, some are handed a life in wealth while some are born into less fortunate situations. The American Dream is that one will be prosperous and have the equal opportunity for upward mobility. The card you are dealt at birth determines this, meaning that the American Dream is not equally…

People weren’t to happy about the choices he made because it was a challenge to talk to people that were for capitalism an people that were for communism. It was also a thing that came about such as the “Marx vs. Smith Theory.” It was meanly stating that they were polar opposites because of what each of them believed . Adam Smith wanted all people to be ran by capitalist…

river and soil pollution, pesticide contamination which leads to diseases and deaths. Using an approach that looks at environmental, social, and psychological aspects, it also examines consumerism and mass media, ultimately linking them to global capitalism. The documentary includes a collage of several interviews with environmentalists, garment workers in developing countries like Cambodia and Bangladesh, factory owners, people organizing fair trade companies or…