Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Compare and contrast socialism and capitalism
Compare Between Socialism And Capitalism
Comparison between capitalism and socialism
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Compare and contrast socialism and capitalism
The short story “After Cowboy Chicken Came to Town” by Ha Jin, presents a criticism of the concept of capitalism. The struggles faced by the capitalist chain are seen to gradually increase, highlighting the limitations and failings of the Western system in a Chinese context. Juxtaposed against Chinese socialism, the story questions whether capitalism can work outside of the Western sphere due to the clashes in culture and value systems.
In the story, one fault of capitalism is clearly highlighted – that of exploitation. The capitalist economy is shown to take advantage of the lack of education and affluence of lesser-developed nations, the “company exploited not just (the workers) but also thousands of country people” (187), using lower costs
…show more content…
of production and manpower to gain greater profit. As the narrator notes, capitalism “use(s) Chinese produce and labour and made money out of Chinese customers, then ship(s) its profits back to the U.S.” (187) Instead of benefiting the adopted country, the capitalist model only furthers the ambitions of the American economy. Capitalism is seen as “baloney” (187) due to the injustice it creates. This can be seen in the contrast between the amount of work done by Mr Shapiro and his employees, him having “rested so well in the daytime” (188) while his employees complete the majority. While capitalism claims to bring “help” (187) it fails to do so.
The employees realise they have “no need for a saviour like (their employer)” (187). They are seen to have to put up with an increasing problems, such as being “take(en) advantage of” (185) and “sue(d)” (203). Such challenges arise due the rules that govern the capitalist structure, causing the employees to have to find alternative methods to resolve the issues. Rather than creating equal opportunity for both economies to develop, it creates an environment in which those that partake of it are forced to face both the difficulties of the capitalist work environment as well as the disdain of fellow Chinese. Throughout the text, the employees are often labelled “American dogs” (185), this reference indicating the lack of respect for Westerners, “white devil(s)” (187) and even more so for Chinese that take part in a Western construct. This poses a question as to whether capitalism should be the system China adopts for economic growth. The problem of respect is a deep-rooted one, seen in how the narrator himself calls Mr Shapiro an “old fox” (186), despite having seen the “beauty” of the capitalist system – prompt wages. (197) Despite this benefit, the discontent displayed by the staff suggests how many aspects of capitalism are still at odds with the Chinese way of life. Arguably, Mr Shapiro can be seen as an embodiment of the capitalist model. As such, it suggests the system to have the sly and cunning nature of a fox, even “hypocri(tical)” (186). This is further reinforced by the differing attitudes with which he treats customers and his employees, “good hearted and considerate to customers, but... cruel... to his employees” (186). Mr Shapiro’s attitude suggests profit to be the only aim of capitalism. Rather than creating a beneficial environment, capitalism in socialist China creates a greater rift between the Chinese, the Westerners and those who work for them. In addition, the difference between the
treatment Peter and the other employees receives also reveals how capitalism is non-accepting. Rather than importing knowledge, it relies on those with abilities. Peter, well-versed in English but with an understanding of the Chinese way of life, “ran the place single-handedly” (198). The inability to adapt to suit a different environment, relying instead on talent, again reinforces the idea that capitalism is not an ideal system when exported, able to run successfully only because of the capabilities of one that understands both cultures. As such, the text points out the flaws of the capitalist model, in that while it seemingly creates opportunity for expansion and growth, it creates a greater divide between those with power and knowledge, allowing them to manipulate the system in their advantage, and exploit for farther profit. While there are certain benefits to be derived, it is not idyllic and largely inapplicable, working only through Peter’s ability to reconcile the cultural differences.
In this paper by Scott Alan Carson, Carson writes about Chinese Sojourn Labor. Carson writes how institutional arrangements and labor market forces that interacted in the construction of America’s railroad led to the demand for Chinese Laborers. Carson writes more about these relationships and the work given to the Chinese than writing about the more personal details of the workers. For instance, Carson writes that because of land grants given by the government Central Pacific and Union Pacific railroads earned more capital by completing more railway tracks. Carson also writes how the Chinese did the jobs no one else wanted to do, and they did them for lesser wages. Therefore, Carson writes specifically about the work of the Chinese and the factors that caused the hiring of Chinese more so than the personal aspects of the workers.
Marx states that the bourgeoisie not only took advantage of the proletariat through a horrible ratio of wages to labor, but also through other atrocities; he claims that it was common pract...
In his 1937 film Street Angel, Yuan explores the inequities facing Shanghai’s urban proletariat, an often-overlooked dimension of Chinese society. The popular imagination more readily envisions the agrarian systems that governed China before 1919 and after 1949, but capitalism thrived in Shanghai during that thirty-year buffer between feudalism and Communism. This flirtation with the free market engendered an urban working class, which faced tribulations and injustices that supplied Shanghai’s leftist filmmakers with ample subject matter. Restrained by Kuomintang censorship from directly attacking Chinese capitalism, Yuan employs melodrama to expose Street Angel’s bourgeois audience to the plight of the urban poor. Yuan presents capitalist Shanghai as a binary and deeply unequal society, at odds with the “more pluralistic sense of cosmopolitanism” desired by leftist filmmakers of the 1930s (Pang 62).
Since the worker’s product is owned by someone else, the worker regards this person, the capitalist, as alien and hostile. The worker feels alienated from and antagonistic toward the entire system of private property through which the capitalist appropriates both the objects of production for his own enrichment at the expense of the worker and the worker’s sense of identity and wholeness as a human being.
The richest of humanity see the most of improvements, and the poorest of humanity see the least of these improvements. Through capitalism the world has changed tremendously in a short amount of time. A host of new technology has been innovated, especially in the last 100 years. Humanity as a whole is much better off than it was before. As an example, most of us are able to take an airplane to travel from one country to another in one day or have fairly easy access to advanced health care. In a word, like Bill Gates said in his article “How to Fix Capitalism”, “Capitalism has improved the lives of billions of people- something that’s easy to forget”(Gates). But, it is not getting better fast enough, and it is not getting better for everyone. A multitude of people live on less than a dollar a day and it can be extremely hard for a person in such a situation to drag themselves out of poverty without help from others. Capitalism has the ability to harness self-interest in a helpful and sustainable way but only on beh...
Under Capitalism, America's free market system offered opportunities of advancing personal interests for laborers while at the same time meeting the labor requirements of our economy. However, once the Chinese immigrants were in the country, capitalism yielded different results for them. The earliest Asian immigrants into any US territory were Chinese laborers in the Islands of Hawaii as early as 1836. These immigrants left a long-lasting impression on industrialists and wealthy European-American through their dedication and hard work (Takaki 21-23). Eventually this led to massive importation of Chinese labor to build everything from cities, bridges and even railroads throughout the rest of 19th century. Since owner can control or decides the labor wage, they had lowered the wage of those jobs to gain the maximum profit. In the west coast numerous Chinese laborers were massively imported as late as early 1900s to build cities. Eas...
Under the oppression of the bourgeoisie, the proletariats, who composed the mass majority, only owned one resource—their labor. However, the bourgeoisie could not continue to exist without the instruments of production. Since the common worker lived only so long as they could find work, and could only work so long as their labor increases capital, they continued to be oppressed by the bourgeoisie, who controlled the capitalist society by exploiting the labor provided by the proletariats. People sell their laboring-power to a buyer, not to satisfy the per...
Marx and Engels have a great deal of writing in the Wage-labour and Capital dedicated to the struggle between capital and labour that drives the inevitable internationalization of the capitalist system. Marx had foreseen the errors and flaws of capitalism itself. In his writing, he highlights these flaws of capitalism’s self-contradictory characteristics that, “capitalism contains the seeds of its own destruction“
“Philips, Sony, and Toyota factories are popping up all over—to the self congratulatory applause of the nation’s governors and mayors, who have lured them with promises of tax abatements and new sewers, among other amenities.” (Paragraph 17) People are born into their jobs, and are doomed for their economic boats. IN other countries such as China, it has been proven that the families with the moneys are the ones with the money, are the ones with the economic power. “Many wealthy Chinese and western residents moved their money abroad and some actually left the colony. By 1971, the Cultural Revolution in China had ended in failure and conditions in Hong Kong calmed,” (Lannom) such as Gloria Lannom states, yet it took a while for Hong Kong to rebuild its economic standings because of this
Even though it has incredible benefits a Capitalist society still has its drawbacks. To put it simply Capitalism encourages greed and certain abuses of power will always remain present in the system. Those who constantly attempt to ri...
Lynn Harsh (Nov. 2002). ‘Capitalism – A Deal with the Devil?’. Retrieved on Mar. 23 from:
Capitalism dominates the world today. Known as a system to create wealth, capitalism’s main purpose is to increase profits through land, labor and free market. It is a replacement of feudalism and slavery. It promises to provide equality and increases living standards through equal exchanges, technological innovations and mass productions. However, taking a look at the global economy today, one can clearly see the disparity between developed and developing countries, and the persistence of poverty throughout the world despite the existence of abundant wealth. This modern issue was predicted and explained a hundred and fifty years ago in Karl Marx’s Capital.
Zhu, Y. & Warner, M. (2000). “An Emerging model of employment relations in China: a divergent path from the Japanese?” International Business Review, 2000, Vol.9 (3), pp.345-361. [03 April 2014]
Capitalism is a very complex system that is discuss by many authors, scholars and economists. Robert Heilbroner is a famous American economist who creatively discusses the system of capitalism in Twenty First Century Capitalism. He reveals the abstruse capitalism system and its role in society. Heilbroner begins by comparing traditional society with modern capitalist society and differentiate capital with wealth, which facilitate the reader to understand the basic definition of capitalism. He then illustrates the most crucial aspect of capitalism, that is, the two realms of capitalism. According to Heilbroner, the two realms of capitalism are state and economy or government and business. The relation between these realms is interesting in its nature, because one aspect of their relationship make them beneficial for society and another aspect turn them into dysfunctional in society. Realm of the state and the economy are beneficial when they rely on each other, as they support each other they results in peaceful state and economy of a society. At the same time, they have power to proceed independently. As soon as they split, they are dysfunctional for society because state might block the path of the economy to grow freely and economy can independently survive without supporting the government resulting in weak society. Western societies are the living example of capitalism. They present very languish condition of moral and social values, however, they proudly presents their materialistic life. This unbalance situation is because of the contribution of capitalism in modern society. The insatiable feature of capitalism results into accumulation of capital, which diminish the value of the human being and enhance the value of money an...
Shawki, Ahmed, Paul D’Amato (2000), “Briefing: The Shape of World Capitalism,” International Socialist Review, [http://www.isreview.org/issues/11/world_capitalism.shtml], accessed 19 May 2012.