Essay on American Capitalism - 2283 Words

Although it holds true that the United States is a global power, the current economic system, capitalism, threatens the states domestic and global stability; the concept of materialistic success creates inequalities between citizens, which, in turn, leads to deviance and rebellion, and the possibility of a fallen capitalistic society. If the United States were to struggle internally, one of two things would happen: all industrialized external forces would exploit on Americas lack of equanimity, or said forces would contribute to an international depression as a result of a chain reaction set by the collapse of an important economic state. The inequalities that lay between social classes are a product of capitalism, the idea of a†¦show more content†¦In contrast, only 8.6 percent of whites/non-Hispanics fell between the lines of poverty (U.S. Census Bureau). Wealth is so scarce and it hardly gets distributed. Some might argue that inequalities are trivial to democracy, that i n any case, people will always remain unequal either by status or pay. The American motto is that if a man works hard, he will receive the most opportunities and will be reimbursed. Since it is a profit-based economy, only those with talent who can assist the CEOs in making profit will reach status in the top twenty percent. However, claiming that the majority of the population, a good eighty percent, is untalented is obscure. A smaller percentage might have been more reasonable to account for. Though it holds true that in any system inequalities preside, the wide gap between the social stratifications in America demonstrates the extremes. This theory of hard workers to the top does not regard those who have inherited their power and wealth; the fact that neither power nor wealth are extended to all citizens, at least a fair majority, shifts the government away from democracy as well. Democracy by definition is ...the ideal alternative to a bureaucratic, authoritarian state...Democr acy is a form of government...[that] rests directly or indirectly on the freely given consent of the majority of the adults governed (The Encyclopedia Americana). In other words, power is centralizedShow MoreRelatedCritique Of American Capitalism And Capitalism2411 Words   |  10 PagesCapitalism is not a rigid, inflexible economic and political system—there are many forms of capitalism around the world. It is illustrated as being different variations of capitalism outside the United States; there is the Dutch version, the French version, the British version, as well as the American version. American capitalism implements free-market ideology and that makes the U.S. stand out among other nations. Other nations do not dwell on privatization and deregulation nearly as much as theRead MoreThe Corporate American Model Of Capitalism1316 Words   |  6 PagesCapitalism is good. 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Round One: What is Capitalism? Capitalism is regarded as an economic system and a political strategy distinguished by certain characteristics whose development is conditioned by numerous variables. So how is Capitalism viewed in the United States of America? American Capitalism can be viewed in multiple fashions: