Positives and Negatives of Capitalism

So… its Sunday morning and I just came back from Chivante’s party (which by the way was totally fun), and im in a good mood to blog. The blog for this week creates a thinking dissonance in me because I’m all about “LONG LIVE CAPITALISM” so I’ve researched it for expertise fact

The pros J of capitalism are almost endless, but what is Capitalism? Capitalism is an economic system comprised of no nosey government and private ownership and distribution of goods and services.  It one of the most famous words priced in the US. It is mentioned in Sociology, business studies and European & American history. Another pro is that it allows for political freedom because government cannot set market prices. It encourages business owner to be hardworking and creative. It allows for economic growth and social mobility to higher standards of living. Without being to opinionated , this is why America was the center of invention in the 19^th century.

One of the Cons L is that monopoly power may occur and the first case in US history was John Rockefeller (heard of him). In the 1890’s, he ran each and every oil company out of business and had a monopolized rule over the oil industry. An example of monopoly in today’s era would be the big name store like walmart, who can afford to reduce the prices of their good below the normal prices. What does this led to it creates social division of wealth. Also, wealth becomes inherited and way harder to achieve.

Regardless, I like Capitalism. It is the closest thing to Darwin’s survival of the fittest, which I definitely belief in, and an environment for mind blowing creativity.

http://www.economicshelp.org/blog/5002/economics/pros-and-cons-of-capitalism/

Globalization (Pros and Cons)

Globalization: the increase in global relationships  of culture, people, and economic activity through the distribution of production of goods and services. Here is a table with the pros and cons.

Pros

Cons

1.       It promotes global economic growth, creates jobs, make companies much more competitive, and lower price for consumers. 2.       It promotes global trust and respect for others around the globe 3.       It allows consumers to access products from difficult countries 4.       It allows for political powers to merge and decisions that benefit the entire world. 5.       There is cultural intermingling and rapid communication between countries. 6.       Socially we have become more tolerant. 7.       The speed of travel, communication, and information accessibility has increased through the internet. 8.       Corporations and governments are trying to sort out ecological problems for each other

1.       The biggest problem is that the rich are getting richer and poor getting poorer. 2.       Unfair work conditions have been associated with Multinational Corporation. 3.       The rich and Multinational Corporation are influencing political decisions and are becoming less accountable for their actions. 4.       There is a drastic gap between the richest and poorest countries, as a result  globalization is not benefiting everybody it is accounted that the richest 20 percent of the world population consume 86 percent and poorest 14. 5.       It has also increased the spread of diseases. 6.       It has led to the exploitation of labor because prisoners and child workers work under inhumane condition.

                                                         Reference
http://www.manufacturing.net/articles/2010/06/the-pros-and-cons-of-globalization

Interactionism

Interactionism provides better methods at gaining a deeper knowledge of sociological issues because it aims to gain a deeper understanding using in-depth method of human behaviors effect on society. In sharp contrast to interactionism, positivism is a theory that focuses on the correlation between two things. For instance, institutionalize individuals and number of absentee father could be positively correlated but it does not mean that one causes the other. Interactionism's methods which include interview. This is the fundamental for ethnomethodological, symbolic interaction, and methodological pluralist. It main goal is to understand humans individually and relate how their experiences impact on society.