Capitalism and Its Socio Economic Effects Discussion

The purpose of this paper is for you to describe your response to an issue raised in the assigned reading and to integrate references to in-class and outside material into your discussion.

Length: 2 Pages, double spaced, 12 pt. font

STEP 1: Read ,  by Freeland, and  by Alexander, and watch the following videos and then respond to the prompt below.

In your own words, summarize the main idea or main thesis of each article. Using evidence from the articles, discuss how the story of making money in a capitalist economy described in the articles and videos connects with the social problems of unemployment, growing income inequality, and deindustrialization identified in the SPCC 12.3 reading. Do you think the interests of a new global elite and American workers are aligned? Why or why not? Use evidence from the videos and readings to support your position.

Sociologists like Adam Smith and Karl Marx pioneered the idea of capitalism, but its modern-day implementation is different from what they predicted. As an economic system, one of the effects of capitalism is that it breeds competition between countries and perpetuates poverty among developing nations due to the individual interests of private corporations rather than the needs of their workers. As such, these organizations tend to prioritize maintaining wealth, so they only pay those who have employment with them or those who have high wealth. This leads to certain nations having higher rates of poverty and joblessness, which negatively impacts their economy, environment and population. In addition, the current capitalist standard for most countries involves skirting around environmental regulations, drastically underpaying workers and confining them to unfair working conditions.

Poverty Statistics
About 10% of the world’s population lived on less than $2 a day as of 2015, and as of 2019, over half of the world’s poor lived in just five countries: India, Nigeria, the Democratic Republic of Congo, Ethiopia and Bangladesh. The countries that have the highest rates of poverty have low economic growth, and a majority of the population is uneducated or in the agriculture sector. Many of these workers become trapped in a vicious cycle that forces them to work in these conditions for little pay just to survive, with no way of living beyond what they are making, thus remaining in poverty.

Dirty Industries
Corporations involved in capitalist activities employ what some know as “dirty industries” in developing countries in order to sell their product. Dirty industries consist of steel, coal and oil production, and they have drastic ramifications on the environment, which is why people know them as dirty industries. Corporations exploit countries with these industries for-profit and move their facilities to that country, where they do not have the same regulations. If a country is unprofitable in the eyes of the corporation, then it does not reap the same economic benefits. In countries like Mexico and India, private corporations do not employ a high number of workers, which in turn leads to higher rates of poverty among the population.

Important information for writing discussion questions and participation

Welcome to class

Hello class and welcome to the class and I will be your instructor for this course. This is a -week course and requires a lot of time commitment, organization, and a high level of dedication. Please use the class syllabus to guide you through all the assignments required for the course. I have also attached the classroom policies to this announcement to know your expectations for this course. Please review this document carefully and ask me any questions if you do. You could email me at any time or send me a message via the “message” icon in halo if you need to contact me. I check my email regularly, so you should get a response within 24 hours. If you have not heard from me within 24 hours and need to contact me urgently, please send a follow up text to

I strongly encourage that you do not wait until the very last minute to complete your assignments. Your assignments in weeks 4 and 5 require early planning as you would need to present a teaching plan and interview a community health provider. I advise you look at the requirements for these assignments at the beginning of the course and plan accordingly. I have posted the YouTube link that explains all the class assignments in detail. It is required that you watch this 32-minute video as the assignments from week 3 through 5 require that you follow the instructions to the letter to succeed. Failure to complete these assignments according to instructions might lead to a zero. After watching the video, please schedule a one-on-one with me to discuss your topic for your project by the second week of class. Use this link to schedule a 15-minute session. Please, call me at the time of your appointment on my number. Please note that I will NOT call you.

Please, be advised I do NOT accept any assignments by email. If you are having technical issues with uploading an assignment, contact the technical department and inform me of the issue. If you have any issues that would prevent you from getting your assignments to me by the deadline, please inform me to request a possible extension. Note that working fulltime or overtime is no excuse for late assignments. There is a 5%-point deduction for every day your assignment is late. This only applies to approved extensions. Late assignments will not be accepted.

If you think you would be needing accommodations due to any reasons, please contact the appropriate department to request accommodations.

Plagiarism is highly prohibited. Please ensure you are citing your sources correctly using APA 7th edition. All assignments including discussion posts should be formatted in APA with the appropriate spacing, font, margin, and indents. Any papers not well formatted would be returned back to you, hence, I advise you review APA formatting style. I have attached a sample paper in APA format and will also post sample discussion responses in subsequent announcements.

Your initial discussion post should be a minimum of 200 words and response posts should be a minimum of 150 words. Be advised that I grade based on quality and not necessarily the number of words you post. A minimum of TWO references should be used for your initial post. For your response post, you do not need references as personal experiences would count as response posts. If you however cite anything from the literature for your response post, it is required that you cite your reference. You should include a minimum of THREE references for papers in this course. Please note that references should be no more than 5 years old except recommended as a resource for the class. Furthermore, for each discussion board question, you need ONE initial substantive response and TWO substantive responses to either your classmates or your instructor for a total of THREE responses. There are TWO discussion questions each week, hence, you need a total minimum of SIX discussion posts for each week. I usually post a discussion question each week. You could also respond to these as it would count towards your required SIX discussion posts for the week.

I understand this is a lot of information to cover in 5 weeks, however, the Bible says in Philippians 4:13 that we can do all things through Christ that strengthens us. Even in times like this, we are encouraged by God’s word that we have that ability in us to succeed with His strength. I pray that each and every one of you receives strength for this course and life generally as we navigate through this pandemic that is shaking our world today. Relax and enjoy the course!

Hi Class,

Please read through the following information on writing a Discussion question response and participation posts.

Contact me if you have any questions.

Important information on Writing a Discussion Question

• Your response needs to be a minimum of 150 words (not including your list of references)
• There needs to be at least TWO references with ONE being a peer reviewed professional journal article.
• Include in-text citations in your response
• Do not include quotes—instead summarize and paraphrase the information
• Follow APA-7th edition
• Points will be deducted if the above is not followed

Participation –replies to your classmates or instructor

• A minimum of 6 responses per week, on at least 3 days of the week.
• Each response needs at least ONE reference with citations—best if it is a peer reviewed journal article
• Each response needs to be at least 75 words in length (does not include your list of references)
• Responses need to be substantive by bringing information to the discussion or further enhance the discussion. Responses of “I agree” or “great post” does not count for the word count.
• Follow APA 7th edition
• Points will be deducted if the above is not followed

• Remember to use and follow APA-7th edition for all weekly assignments, discussion questions, and participation points.
• Here are some helpful links
• The is a great resource