Captalism

I'm pretty sure every American citizen is familiar with the term capitalism. Capitalism is an economic system that includes: the private ownership of the means of production, creation of goods or services for profit or income, the accumulation of capital, competitive markets, voluntary exchange, and wage labor. It is the system in which America is run -a system where man has the freedom to run, own, compete, and gain.

Now everyone knows that with nearly everything there comes both positive and negative things. Capitalism sounds like one of the best ways to run a country, however there are some cons. Capitalism is believed by some to promote competition and strip away legitimate equality. Many instances may occur in a capitalistic government where competition is divided unequally and unfairly. (For instance where a member of the minority may have to compete with a member of the majority -one can assume that the majority member will most likely win).
The competitive aspect of a capitalistic country may result to individual's focus to be more so on individual profit and away from the profit of the community as a whole. Many people have recently seen how companies will destroy the health or welfare of a country or community, in return for self benefits. Due to the unfair distribution or intensity of competition, the wealth within a country will be unevenly distributed -in which a capitalisticc government is not required to regulate the wealth distribution of a country.

On the flip side capitalism is a type of economic system where hard work is paid off. It provides economic growth, in which individuals are given a wide range of beneficial opportunites. In this type of government individuals have the freedom to think for themselves and make their own descisions that can either make or break their company. Every descision made by that individual will effect that individual's pocket. A capitalistic government keeps citizens motivated and encouraged. Capitalism brings about social mobility for individuals to experience. There is no doubt that hope is available for every individual living under capitalism.

Globalization

Globalization is the increasingly global relationships of culture, people, and economic activity. The most common form of globalization is economic globalization, which is the global distribution of the production of goods and services, through reduction of barriers to international trade such as tariffs, export fees, and import quotas and the reduction of restrictions on the movement of capital and on investment. I know, it sounds great but with the good you must learn to deal with the bad.

Globalization has lots of global benefits. With globalization, the world seems a lot smaller. Technologies ensures that nearly every major event that takes place in a country, the whole world may know. Social networks, and emails allow for people with the proper equipment to communicate. Globalization brings in new culture to countries. People in places like China can enjoy and American style burger, and people in places like America can try Jamaican style food all in the comfort of their own home country. Globalization is said to increase the global economies in which jobs are provided for those in poverty. For the members of a capitalistic nation, one may set up a franchise in another country and increase the company's overall profit. The world seems more united with globalization, but everything that glitters is always real gold.

Globalization has said to tear down the little dignity members of poverty may have within their community. Many of the jobs provided for these individuals pay very little and require degrading tasks with hours that are unbearable. Globalization is said to have watered down the originality of cultures. A lot of places that are incorporating American franchises and lifestyles pull the younger generation from their true culture and more towards the American life. Culture serves an important purpose in society, in which it provides individuals with a sense of belonging and respect for their history and ancestors lifestyle and traditions; globalization steals that from the life's of those who once cherished their culture.

Globalization is providing the world with a more close united feel, but in doing so it is stripping away the culture, respect, and dignity of the individuals who once cherished their original identity.