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What is capitalism?
Sep 06, 2012 · Crash Course World History is now available on DVD! Visit http://store.dftba.com/products/crashcourse-world-history-the-complete-series-dvd-set to buy a …
Who is behind Crash Course?
May 30, 2021 · by CrashCourse published on 30 May 2021 In which John Green teaches you about capitalism and socialism in a way that is sure to please commenters from both sides of the debate. Learn how capitalism arose from the industrial revolution, and then gave rise to …
What is the class struggle here between capitalists and workers?
Hi, I'm John Green, this is Crash Course World History, and today we're going to talk about capitalism. Yeah, Mr. Green, capitalism just turns men into wolves. Your purportedly free markets only makes slaves of us all. Oh God, Stan, it's me from college. Me from the past has become me from college. This is a disaster!
Is crash course a good movie?
What is capitalism characterized by crash course?
So capitalism is an economic system, but it's also a cultural system. It's characterized by innovation and investment to increase wealth.Sep 6, 2012
What is capitalism simple?
Capitalism is often thought of as an economic system in which private actors own and control property in accord with their interests, and demand and supply freely set prices in markets in a way that can serve the best interests of society. The essential feature of capitalism is the motive to make a profit.
What is communism crash course?
0:232:51What is Communism? - YouTubeYouTubeStart of suggested clipEnd of suggested clipCommunism goal is to create a classless society. Now communism has been practiced.MoreCommunism goal is to create a classless society. Now communism has been practiced.
What is an example of capitalism?
One of the examples of capitalism has been the creation of mega-corporations owned by a set of private individuals and institutions. Minimal government intervention and protection of private property rights have enabled the creation of humongous companies.
What are 3 advantages of capitalism?
Advantages of CapitalismWhat is the alternative? ... Efficient Allocation of Resources. ... Efficient Production. ... Dynamic Efficiency. ... Financial Incentives. ... Creative destruction. ... Economic freedom helps political freedom. ... Mechanism for overcoming discrimination and bringing people together.More items...•Oct 5, 2019
How do you become a capitalist?
With that in mind, here are 11 tips on how to be a capitalist.Get some capital. Clues in the name. ... Own the means of production. ... Own other assets, too. ... Treat yourself as a company. ... Turn yourself into a company. ... Create multiple income streams. ... Diversify, diversify, diversify. ... Become an expert asset allocator.More items...•Jan 30, 2014
What caused fall of communism?
The collapse of Soviet Communism led to dislocation of the Soviet Union, sapped by an ideological, political and economic crisis. This in turn precipitated the break-up of the empire, both cause and effect of the end of Communism.
How did communism ended?
The collapse of the Berlin Wall was the culminating point of the revolutionary changes sweeping East Central Europe in 1989. Throughout the Soviet bloc, reformers assumed power and ended over 40 years of dictatorial Communist rule. The reform movement that ended communism in East Central Europe began in Poland.Nov 9, 1989
What is the difference between capitalism and communism?
In a capitalist economy, production is determined by free market forces such as supply and demand. In a communist economy, the government determines which goods and services get produced and how much is available at any given time. When the government controls supply and demand, it also controls prices.Nov 28, 2016
Is capitalism good for the poor?
By assuming the autonomy of the individual, capitalism grants dignity to the poor. By affirming people's right to their own labor, regardless of their position on the economic ladder, capitalism offers the poor the means to improve their own well-being.
What do anti capitalists want?
Anti-capitalism is a political ideology and movement encompassing a variety of attitudes and ideas that oppose capitalism. In this sense, anti-capitalists are those who wish to replace capitalism with another type of economic system, usually some form of socialism or communism.
Who benefits from capitalism?
Individual capitalists are typically wealthy people who have a large amount of capital (money or other financial assets) invested in business, and who benefit from the system of capitalism by making increased profits and thereby adding to their wealth.Apr 10, 2018
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Video
In which John Green teaches you about capitalism and socialism in a way that is sure to please commenters from both sides of the debate. Learn how capitalism arose from the industrial revolution, and then gave rise to socialism.
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Original video by CrashCourse. Embedded by John Horgan, published on 30 May 2021. Please check the original source (s) for copyright information. Please note that content linked from this page may have different licensing terms.
Cite This Work
CrashCourse, . (2021, May 30). Capitalism & Socialism: Crash Course World History #33 . World History Encyclopedia. Retrieved from https://www.worldhistory.org/video/2544/capitalism--socialism-crash-course-world-history-3/
What was the class struggle between capitalists and workers?
The workers just had their labor. So, the class struggle here is between capitalists, who want labor at the lowest possible price, and the workers who want to be paid as much as possible for their work.
What is Marx's criticism of capitalism?
Marx’s criticism of capitalism is that capitalism replaces this egalitarian collaboration with conflict. And that means that it isn’t a natural system after all.
What did Marx believe about class?
Basically Marx believed that classes don’t only struggle to make history, but that the struggle is what makes classes into themselves. The idea is that through conflict, classes develop a sense of themselves, and without conflict, there is no such thing as class consciousness.
What were the advantages of Britain?
Britain had a bunch of advantages - it was the dominant power on the seas, and it was making good money off of trade with its colonies, including the slave trade; also, the growth of capitalism was helped by the half-century of civil unrest that resulted from the 17th century English Civil War.
What is industrial capitalism?
Let's use Joyce Appleby's definition of industrial capitalism: "An economic system that relies on investment of capital in machines and technology that are used to increase production of marketable goods.".
Why is Fourier a punchline?
Both were critical of capitalism and while Fourier is usually a punchline in history classes because he believed that , in his ideal socialist world, the seas would turn to lemonade, he was right that human beings have desires that go beyond basic self interest, and that we aren’t always economically rational actors.
What is Marx's greatest work?
His greatest work, Das Kapital, sets out to explain the world of the 19th century in historical and philosophical terms. Marx’s thinking is deep and dense and we’re low on time, but I want to introduce one of his ideas, that of class struggle. So, for Marx, the focus isn’t on the class, it’s on the struggle.
Where did industrial capitalism start?
Industrial capitalism developed first in Britain. in the 19th century. Britain had a bunch of advantages – it was the dominant power on. the seas, and it was making good money off its trade with its colonies, including the. slave trade; also, the growth of capitalism was helped by the half-century of civil unrest.
What is mercantile capitalism?
This is called. mercantile capitalism, and it was a global phenomenon, from the Chinese, to the Indian. Ocean trade network, to Muslim merchants who would sponsor trade caravans across the Sahara. But by the 17th century, merchants in the Netherlands and in Britain had expanded upon.
What does John Green teach us about capitalism?
—#N#In which John Green teaches you about capitalism and socialism in a way that is sure to please commenters from both sides of the debate. Learn how capitalism arose from the industrial revolution, and then gave rise to socialism. Learn about how we got from the British East India Company to iPhones and consumer culture in just a couple of hundred years. Stops along the way include the rise of industrial capitalism, mass production, disgruntled workers, Karl Marx, and the Socialist Beard. The socialist reactions to the ills of capitalism are covered as well, and John discusses some of the ideas of Karl Marx, and how they’ve been implemented or ignored in various socialist states. Plus, there are robots!#N#—#N#—
What was the most important idea that was popularized in England?
Perhaps the most important idea that was popularized in England was that men and women were consumers. as well as producers and that this was actually a good thing because the desire to consume. manufactured goods could spur economic growth. “The main spur to trade, or rather to industry.
Who said "ingenuity is the exorbitant appetite of men, which they will take pain to
and ingenuity, is the exorbitant appetite of men, which they will take pain to gratify, ”. so wrote John Cary, one of capitalism’s cheerleaders, in 1695, and in talking about our appetite, he wasn’t just talking about food. That doesn’t seem radical now, but it sure did back then.
When did the word "individuals" change?
to participate in markets as rational actors. Even our language changed: the word “individuals” did not apply to persons until the 17th century. And in the 18th century, a “career” still referred only to horses’ racing lives.
Dimension and Costs
- The rapid conversion of problems of liquidity into insolvent deficits illustrated from the beginning the enormous dimension of a crisis which could not be contained by partial patching up. The reduction of interest rates proved to be useless, just like the attempt to form rescue funds managed by the banks. Nor was making large sums of money available or the assistance of the …
Global Recessionary Impact
- The outbreak of the crisis transformed the economic slowdown into a clear recession. Braking is already perceptible in the fall in investment, the stagnation of consumption and the fragility of US exports. The discussion between the optimists and the pessimists with regard to the future level of economic activity has already been settled by a common diagnosis of a drop in GDP. There ar…
Comparisons
- Many analysts are seeking in preceding crises a guide to imagining the possible developments of the current shock. The initial analogies with the stock exchange crash of 1987 or the bursting of the technological bubble in 2001 have already been completely left behind. In both cases it was shares that were involved and not housing, and none of these crises led to banking collapses. T…
The Barometers
- Rather than trying to guess the future extent of the crisis, it is more productive to characterize its tendencies. Their contours are concentrated in the weaknesses and the resources accumulated by the leading world power. The indicators of American fragility are visible, in particular in the political field. Bush is a corpse of the neo-conservative project, undermined by the adventure in t…
The Orthodox and The Heterodox
- Interpretations of the crisis are more important than descriptions of it or forecasts. The orthodox economists have remained devoid of arguments, confronted with a collapse which refutes all their principles. They maintain a low profile while waiting for the storm to pass, and even find certain justifications for their approval of the nationalisation of the banks. But as the hypocrisy of neo-li…
A Particular Crisis of Over-Accumulation
- In the face of the heterodox simplifications it is necessary to turn again to Marxist interpretations which explain the crisis by the intrinsic contradictions of capitalism. These imbalances erupt periodically and cannot be eliminated as long as a system governed by the supremacy of profit subsists. But what are the singularities of the present crisis? The present shock has several spe…
National and World Overproduction
- To avoid financial phantasmagoria it is important to analyze the productive contradictions which underlie the banking crisis. These imbalances correspond to a cycle of production and are the result of the periodic inequality between the increasing expansion of production and the restrictions on purchasing power which characterize capitalism. Competition aimed at increasin…
under-production of Raw Materials
- The increase in the prices of raw materials was the third pillar of the present crisis. The rise in the price of oil (which in a few years went from 10 to 120 dollars a barrel) affected the central economies, and the rise in the price of raw materials (+114% since 2002) troubled the world economy. This rise reversed the downward tendency that had been in progress since 1997, but i…
Periphery and Semi-Periphery
- The peripheral countries were the main victims of the neo-liberal stage and they are candidates to suffer from the worst effects of the present crisis. They suffered from the degrading effects of the world polarization which marked the 1980s and 1990s. Certain areas, such as Africa, were crushed by the foreign debt, trade liberalization and capital flight. They face the tragedy of emigr…
Socialism as The Objective
- The crisis in progress will be solved on the political level. To examine the significance of this event in exclusively economic terms does not make it possible to grasp what is at stake between the contending forces. Without understanding the capitalist nature of the financial tsunami we cannot seek effective remedies for its consequences. The struggle against the social regime wh…
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