Tag: economic

What does the future hold for capitalism?

July 24th, 2010 · admin · Capitalism, Society No comments - Tags: , , , , ,

future2009 was indeed an extraordinary year for the United States, in terms of political and economic fronts. The Democratic Party not only reclaimed control over the House of the Representatives but also the Oval Office. Due to this, the credit markets were frozen and everything came to a standstill, be it the mortgage or lending and this had a heavy impact on the different sectors of the society such as the automotive industries, finance industries and the banking sectors. With so much turmoil going on, the question that is uppermost in the minds of many is whether capitalism has gone array or not and what is the future of capitalism.

Think of capitalism as a double edge sword, it can cause both harm and good. When used the wrong way, it can cause devastating results on workers, investors, companies and industries. Although capitalism is the backbone and the main strength behind all the innovations and the prosperous conditions of the United States of America, it is not immune to the infectious corruption and greed that has taken over numerous political and economic systems of the world. In the words of Victor Naim, this infection is like the reverse of Midas touch, in the sense that it has turned gold into poverty.

Capitalism also has a lot of good aspects, such as it is one of the leading political, social, economic and cultural systems in the world. Sadly, it has been opposed by a lot of fronts that disapproves capitalism.

But what exactly is the future of capitalism? What is the future of the governing system of our society?

Capitalism is the intelligence of the whole world because of its important contributions to the world, the technological products, services, tools, etc.

Capitalism is enormous. So enormous that it is taking initiative to rule the world and in the process, the victims are not taken into consideration because of capitalism’s agendas.

In the past, man treated another man as a slave for the purpose of building his empire. So also, there is no rhetorical approach for softening capitalism and preventing it from carrying out the exploitation of the workers and the lower classes of our society.

Capitalism is exploitative in nature and there’s no denying the fact. In order to acquire further wealth and power, capitalism has and would continue to unleash its power without caring about the victims. The future of capitalism, is to aid mankind in exploring a new frontier and whoever stayed behind in this process, would end up being the victim to the exploitative economic and political power and the bitterness of capitalism. There would be a lot of us who shall, consciously or unconsciously be left behind in this selective evolution. The efforts of opposing capitalism shall be in vain, just like in the past, and this is the future of capitalism.

Can a revolution end capitalism?

July 22nd, 2010 · admin · Capitalism, Society No comments - Tags: , , , , , ,

RevolutionYou must already be familiar with the definition of revolution and capitalism. However let’s just go through it again just so that you can understand the depth of the topic. Revolution can be defined as a tool, and make that an effective one, that has enough power to bring about economic, social and political changes. Capitalism, on the other hand, is also related to economic, political and social or cultural aspects of the society. Hence, capitalism is a political, cultural and economic system that is followed by a lot of countries in the world.

Now, revolution can be of two types. The first type is the revolution that was inspired by Karl Marx and carried out by the workers. At present this revolution cannot put an end to capitalism because of the complexities involved, i.e. complexity relating to Marxism, to internal problems faced by the revolutionary leaders, corrupt leadership that is prevailing, lack of expertise to deal with capitalism, etc. Right now, the capitalism that is installed is so massive and enormous in cultural proportion or political and socio-economic proportion that the revolution cannot match up to it.

It is very clear that there once existed an era where this type of revolution could prove better against capitalism; however, it was apparently not successful. Yet, there lies a question, with the dominance of capitalism over the economic, social and political structures of many countries, can one still claim that this revolution could end it?

Next, the second type of revolution. Now, you have to understand that this revolution is hypothetical in nature and is inspired by capitalists. Here the people simply wait for capitalists to change their attitude, i.e. the political and economic attitude of these capitalists towards the society.

In order to end capitalism, the power lies solely with the capitalists themselves. No other revolution can put an end to it or is even capable of challenging it because of its hugely blown-up proportions. Hence, the capitalists themselves must start an internal revolution. This revolution should be aimed at putting an end to the monopolistic control over the different means of production such as land, labour, capital, etc.

Now, let us imagine a situation where the capitalists have successfully launched a revolution that ended capitalism. This, however, is not a one time problem, it can definitely surge up again in the near future. This is because the capitalists run capitalism, the workers oppose the capitalists and the labour is run by these workers. Hence its all sort of interconnected.

The capitalism here can be logically described as the brain of the body and the labour opposing it, the body. It is pretty much a win-win situation for the brain or the capitalists because the brain is the most important part of the body and even if the body were to take over, it would cause a case of backwardness.

In conclusion it can be said that, as of now, capitalism remains an efficient social ruling system and there is no sight of its removal just yet.