In what ways and to what extent does capitalism increase inequality? Be specific.
Inequality is an essential aspect of capitalism. All capitalist organizations are focused on making profits. An individual would not invest their time and money to undertake a risky venture without substantial profit. Without profit, entrepreneurs would not bother setting up new firms. Increased profits lead to increased wealth differences between the population, creating inequality in the population's wealth. Employees are paid based on their skills, effort, and experience. If all employees were paid the same regardless of their abilities, they would not be motivated to increase productivity or learn new skills. Therefore, capitalism creates wage inequality by paying successful workers a higher salary to demonstrate their higher productivity. Wage inequality is inevitable in a capitalist organization since leaders and workers cannot be paid the same, and the organization remains successful. Workers are also free to change jobs and work for an organization willing to pay them higher.
Capitalism can lead to inequality where a firm has monopoly power. A firm can determine prices to charge consumers and even pay its employees lower wages with monopoly power. Charging higher prices will deter other firms from entering the market, maintaining its dominance and monopoly. The firm will pay employees meager wages to increase its profits since they have no choice. Employees get discriminated against, and if they complain, they get fired. In such a scenario, the workers will forever be poor, and the wealthy will continue increasing their wealth. Political inequality is created because the rich can influence political decisions. Politicians depend on donations to run their campaigns. Therefore, once they assume office, they will put policies that favor their wealthy donors, resulting in the donors increasing their wealth. Capitalism focuses on preserving and increasing the wealth of the rich.
Explain the specific differences between de jure and de facto forms of segregation.
De jure segregation indicates segregation that is based on law. In de jure segregation, there is a law or legal provision that separates different racial classes from each other. People from different racial classes could not share public areas. The best example is the South African apartheid system, which limited the interaction of white South Africans and non-white South Africans. Another example of de jure segregation is in the Jim Crow era in the American South, where laws were put in place at the end of the civil war. These laws separated whites from blacks. The laws were written and enforced by the police and other people in authority. In de jure segregation, the practices are legally recognized even if the practices do not exist in reality.
De facto segregation refers to those separation practices that exist in reality, but any law does not recognize them. De facto segregation is the direct expression of de jure segregation because even with abolishing the laws promoting segregation, the hearts and minds of most people do not change. The government can make the segregation laws unconstitutional, but it cannot force people to interact with a race they do not want. Since most white people did not want to...
…done in one area and how they are done in another area. These differences make us all human and stem from our upbringing. Globalization has not made it easy to export and import cultures, and there is no likelihood that this will ever occur. Our interconnection is based on trade and not how we live our lives. Therefore, there are bound to be differences in every country or state on how people conduct business, the etiquette of business meetings, and when to discuss business. When a person immigrates to a new country, they already have their modus operandi based on where they come from. When they go to another location, they discover things are not done in the same manner as back home, forcing them to try and assimilate to the new way of doing business. These changes constitute culture shock, where a person discovers that things are done differently from what they are used to.The best form of culture shock is language. Globalization has made everyone believe that English is the default language spoken by all countries. However, the reality is that when you visit certain countries, you discover few people speak English, making it difficult to get directions or converse with others. Mannerisms differ based on the country one immigrates to. Small talk is an American thing, which shocks most people who immigrate to America. While it is understandable to have some small talk with someone you know or share common interests with, the shocker is when even strangers want to have some small talk with…
As a Peace Corps volunteer, one of the things I have experienced upon arrival in a developing African country is culture shock. This is primarily because people in this country have different cultural values, beliefs, traditions and practices from my own. Given these differences, a critical component towards a suitable experience while living in the country as a Peace Corps volunteer is culture adaptation. Adapting or adjusting to the culture
Adjustment to a new environment or culture with unfamiliar people is often marred by significant challenges, one of which is culture shock. Culture shock is the confusion and anxiety that arises when one is exposed to unfamiliar social surroundings that are noticeably different from their own (Anjalin, Mazumdar, & Whiteside, 2017). Students, expatriates, and business people who move from one culture to another are at risk of experiencing culture shock,
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living and existing in the United States, one of the common themes and stories that is commonly spoken of is what is known as the American Dream. Indeed, even for those that never make it to the United States, many of heard of that ideal and many of htose that know of it feel it themselves. They have this idea that coming to America will change everything and that
From a mindset dictating that necessities for survival are the goal, to, say, the competitive and pretentious mindset of Beverly Hills "spoiled brats" where the vitals for survival are covered, and thereby taken for granted, by a society of people exhibiting similar behavioral problems, these Phases of Culture Shock and Signs and Symptoms of Culture Shock become quite apparent, and even more so by having lived this transition. This text
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