Nationalism: Capitalism and Global Capitalism Essay

Submitted By charlie18181818
Words: 333
Pages: 2

Global Capitalism
Capitalism is an economic system that is based on private ownership of the means of production and the creation of goods and services for profit.
This definition of Capitalism is not an ideology, and people seem to get confused or maybe even persuaded that it is. Capitalism is logic. To describe it the best, “Competition makes the pie sweeter for everyone”. For example, Capitalism has the opportunity to reward those who have great luck, or even those who work hard with great timing. People are driven by acquiring and holding the most wealth that they can hold. This economic pattern has exploited the poorest of all, which, in return, has created unbearable circumstances for our world to survive in. The problem is, are capitalists, people who control the means of production, doing what they can to better themselves no matter what the cost. They do not think about what the consequences (good or bad) will be for anyone else.
First deriving in the United States and throughout Germany since the end of the 18th century, Capitalism has affected our world in such a way that countries have become dependent on this slowly, declining economic system. This major capitalist down shift in the world is causing too many monopolies, economic issues, and the loss of “power” in the United States, which all plays into dysfunctional families and our future generations.
One of the largest themes of this controversial issue is globalization. Between the mid eighteenth and…