Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
Economic Surplus
The general topic that will be covered in this brief essay will be economic surpluses in the capitalistic context. To be sure, the way in which the surplus and largesse of society is managed varies widely based on the form of government in question. However, capitalism has its own way of such a thing evolving and shaping. Perhaps the best example of this would be the United States and what happens with its surplus. While there is little argument that the surplus of society should be used to benefit people who cannot help themselves, there should perhaps be a proper definition and enforcement of who truly is deserving of help and who is not.
Analysis
Before getting to the more personal observations about this topic that the author has, the author would first point to some facets of the two YouTube videos that were to be watched as part of this assignment. The first one is a rather dated video that was published on YouTube by Liberty Pen. The crux of that video is that capitalism is about a number of important topics. These would include the freedom to open and run a business, the freedom to set one’s own prices and the...
The example given with the market and the use of the delivery service to gain/keep business is a good example. It should be noted, however, that higher prices mean more tax money for the government. Thus, this means more for the surplus that will be going towards those that are unable to work and support themselves (LibertyPen, 2011).
The other video, which is nearly three hours in length, is much more informative and eye-opening to those that might have different perceptions about society. For example, one thing the video cites is the partitioning of the “political” class (the 20 percent) and the other 80 percent that are just supposed to live their lives and not question anything. The first-hand footage of Peter Jennings and others in the newsroom and the vernacular they used was quite interesting. If one takes those two items together, one can easily get the perception that the media and the “ruling class” are in cahoots to guide and shape public opinion. One might suggest that they are doing what they are doing to work people against each other and otherwise…
For the period of the late 1960s and early 1970s, West Germany strived to assist the dollar. The United States and many other nations pushed West Germany to reassess so as to make up for the dollar excess. (Germany in the World Economy) At last, after escalating waves of conjectures, the Bretton Woods system had a collapse in August 1971. All through the post-Bretton Woods period, the deutsche mark stayed
Economic Crisis Policies US current economic crisis is considered to be started from real estate sector. The real sector started to decline in 2006 and it accelerated in 2007 and 2008. Housing prices have fallen from the peak from about 25% so far. The decline in prices left homeowners with no option and they were unable to refinance their mortgages and causes default of mortgages. This default of mortgages and loans
Economic Policy and the National Debt Ironically, when governments overspend they typically find ways to refund or restructure debt -- when individuals or corporations within those countries do the same, the consequences are quite different. Money means more than one thing -- usually an object that is traded for payment of goods or services, of exchange. However, when we talk about the government, there is a huge different in the way
He deliberated that domestic investment generates higher income and jobs compared to investment made in foreign trade. Through choosing the backing of domestic to foreign investment, the capitalist planned exclusive his independent security and through propelling that industry in such a way so as to yield what might be of the maximum worth, he plans solely his self advantage, and hence in this manner as also in other problems,
Economics of International Trade China Exploring the Economics of International Trade: China "Chinese international trade has experienced rapid expansion together with its dramatic economic growth which has made the country to target the world as its market," and its expansion has only continued to show powerful growth within the international economic marketplace (Sun & Heshmati, 2010, p 1). After China was reopened to trading with the West in 1978, the country has
52). Furthermore, Marx felt that money had "deprived the whole world, both the human world and nature, of their own proper value. Money is the alienated essence of man's work and existence; this essence dominates him and he worships it..." (Strathern, 2001, p. 52). From Marx's point-of-view, owners or holders of capital were in a position to exploit workers because of their "systematically privileged position within the market" (Pierson,