Capitalism In Usa Essay

Capitalism in America Essay

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In today’s world class is considered one of the most important issue in the United States. Class affects people no matter who the person is and the perspective view of class is mostly controlled by the media. In the book Rereading America, there are two essays, Class in America: Gregory Mantsios, Framing Class vicarious living and Conscious Consumption: Diana Kendall, and, the film Capitalism: A Love story: Michael Moore. Capitalism is an economic system that promotes free trade and private enterprise and that depends upon the hierarchical class structure, shapes, how others see us in various ways, including class avoidance. Mantsios, Kendall, and Moore all address this. Mantsios believes that people in the United States do not like to…show more content…

Most of the young people are affected by this. This is led by assuming and judging people, by not letting people be what they are and what they want to be. Another issue that Mantsios discuss on class avoidance is about how people do not discuss or debate about class publicly because class identity is not in the popular culture. Presenting issues in terms of class in politics, schools, and mass media is unacceptable.
When some social commentators or liberal politician draw attention to the plight of the poor, they do so in a manner that obscures the class structure and denies any sense of exploitation. Wealth and poverty are viewed as one of several natural and inevitable states of being: differences are only differences. One may even say differences are American way, a reflection of American social diversity (306).

One exception to presenting issues of class in politics, schools, and mass media is when politicians talk about “middle class” with the intention of attracting a large audience. The second exception to the class avoidance phenomenon is when reference is made of the upper class and lower class – “the wealthy” and “the poor”. In the media, reference to these is intended to satisfy some real or imagined needs to the “ordinary person” Kendall’s essay talks about the issue about class and how it is controlled

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...The economist summary Articles mainly talk about rise of statecapitalism, its growth and actions of the government, the variations of statecapitalism, benefits and flaws and its future. Rise of statecapitalism In the recent years, following the biggest financial/economic crisis in 2007-2008 that destroyed Lehman Brothers, statecapitalism grew to be more popular. Statecapitalism is basically profit making and seeking, with the government trying to match the powers of the state with the powers of capitalism. They use capitalist tools like listing the State-owned enterprises on stock market and also embracing globalization. They attempt to control the economy using the business in this way. Some examples are China, Russia and Brazil, where the political system is still very much communist even though the economy is opening up and being more capitalistic. Another example will be Singapore, though not communist, but have successfully attempted to attract world’s most powerful companies, MNCs, to invest in the economy, at the same time, controlling the country’s economic growth in a way. Actions of Govt Government uses State-owned entreprises and National champions (privately owned companies which receive huge support from government. Eg. China’s Geely...

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