Global Capitalism and the Discontent - Essay Example

Financialisation and the Financial Crisis: On Shifts in Governance of global Finances Introduction This paper is an attempt to trace the linkage between financialisation and the financial crisis and the degree to which the former is implicated in the latter.... Rather than provide a country-specific analysis, it will look at trends and patterns in global financial governance systems and the underlying structural deficiencies in the IMF-driven neoliberal framework....

Summary The articles that are to form the bulk of this discussion are Inequality: Causes and Consequences by Kathryn Neckerman and Florencia Torche, Cultural Capital and School Success: The Impact of Status Culture Participation on the Grades of US High School Students by Paul DiMaggio and capitalism, Social Institutions of Communism, Economy (Sociological Approach); Globalization; Socialism which features in the translation of Marx Webber's 1923 General Economic History.... Max Webber's capitalism, Social Institutions of Communism, Economy (Sociological Approach); Globalization; Socialism serves as the most interesting reading....

This essay "capitalism and Class as Prominent Concepts of Marxism" focuses on an economic system that is intrinsically crisis-prone and driven by forces that render it to be unsteady, self-destructive, and chaotic.... Although the relevance of Marx's dream of a socialist revolution remains contested, Marx's esteemed ideas on capitalism and class can be considered as still applicable.... This paper explores two prominent concepts of Marxism: capitalism and class....

Marx's earliest writing reflected a critique of the relationship between civil society and the state and progressively builds up to his dire prediction that capitalism would result in the rise of proletariat/working class and the ultimate reversal of fortunes as expressed in The General Law (Gurley, 1980).... Ultimately, Marx's The General Law predicts that capitalism would grow and expand to a point of self-destruction (Marx & Engels, 2007).... The 2008 global financial crisis can therefore be seen as an example of the contemporary relevance of The General Law's contention that capitalism would eventually dig its own grave by overproduction, greed, exploitation and alienation....

ethinking Welfare produces an analysis of capitalism and welfare in the twenty-first century by exploring three axioms of traditional Marxist theory: "capitalism as a contradictory totality, Marxism as a philosophy of praxis, and socialism as the self-emancipation of the working class" (Ferguson et al.... capitalism and "prioritizing human need over profit" are contradictions in terms and ideology.... ocialism is recognized by those working in the classical Marxist tradition as a "system of prioritizing human need over profit, where production is controlled and planned by the direct producers (that is, workers in their factories and offices) and where both these requirements necessitate a system of open and direct democracy- far more democratic than anything seen under capitalism" (Ferguson et al....

The essay "capitalism and Economic Development" focuses on the critical analysis of the major peculiarities of capitalism and economic development.... Whenever an economic crisis occurs, such as that of today or the Great Depression of the 1920s and 30s, people start to question capitalism and look to other forms of economic development for answers to the economic problems of the day.... capitalism is arguably the dominant economic system in the world and it is based upon the notion of private poverty....

imilarly, there is a multitude of theories and research on how capitalists globalization works, who wins and how he wins and who loses as it conquers the globe and transforms communities, regions, and cities that countries and culture, however, there is relatively little theory and research on globalization as a generic phenomenon thought about and even on occasion practiced outside its historical container of globalizing capitalism (Martin, 2010: 604).... ased on the above, there is a need to focus on debates on whether to what extent does capitalism prevails as a central issue for globalization theory and metrics of work....

During this period, capitalism which has been stabilizing in the 1950s and 1960s was being challenged by the rise of industrial militancy.... Social democracy seems to be an alternative to capitalism in the wake of Keynesianism and the welfare state (Hayford, 2001).... Furthermore, there were concrete signs that a major global recession was inevitable....