Scroll Top
10 Old Grimsbury Rd, Banbury OX16 3HG, UK

What is the most persuasive explanation for the emergence of “Capitalism”?

Assessment Task

Write a 4000-word essay discussing about how individuals or corporations own and control businesses, factories, and other resources…

ANSWER

ESSAY

Introduction

Capitalism can be defined as the proclamation of the economic system which are primarily monitored controlled exercise by the private owner for the procurement of profit. It for the move exercise the absolute inclusion of ownership of the various means of production and their operation for the incurring of financial proximity. It can hence be stated down to the fact that in capitalism the prime execution of economic and political system of the country where the trade export and the industry are primarily governed by the private owner of the arena. As per the eminent scholar it can be stated down to the fact that capitalism provides or suggested as the nature of the human which exercise to print wealth to the nation. Likewise, it compels the inclusion of extraordinary encouragement to draw a specific industry for inclusion of greater ratio of profit to the nation. Therefore, in accordance to this particular assignment the project will share a clear information about the emergence of capitalism followed by the provision of the information in a clear manner. In addition, the study will take the necessary information from the respective journal articles and authentic source of information about the nature characteristics and the persuasive explanation in accords to the emerges of capitalism in the prevailing time.

Main Body

Capitalism and its definition

As discussed by the eminent scholar it can be stated down to the fact that capitalism is simply a money economy. It is the inclusion of the adoption of necessary action by the group of individuals in the lower economic strata or the neoclassical economics who are primarily inclined towards institutional data concern to a disdain manner for the procurement of capitalism. As per the Marxian Critique, the classical economics and the liberal thought are primarily exercise and revolved around the universal sphere where all class bound reflection of the perspective notion of the social dominant group are primarily exercised to control the entire society (Marx, Karl 1847). Hence this particular transition from the prehistoric period, which somehow, fit the current economic situation. However, from the Max Weber contribution and information catered around capitalism is primarily a conjuncture of a certain level of technological aspect along with execution of political framework followed by restriction in an unusual pattern. Primary this type of capitalism is dwell and observed in the Western world in the form of Protestantism. Speaking about the past time the feudalism was one of the major prevalent aspects in the prevalent past civilization (North and Thomas, 1973). As per the information provided by the eminent scholars like Sombat capitalism is the emergence of the capital spirit and the cleared expression of such kind of traits and activity where the personal quality is nurtured and catered among the individual (Sombart, 1913). Therefore, as per this demographic inclusion the variance among the different classes and the nation are primarily being seen which are also denoted to be the quality of the nation where the capitalist approaches are varied (Bendix and Roth, 1971). On the other hand, the emerges of capitalism by Marx is the provocation of issue along with the formulation of the relation to the production followed by the usage of the material as a mode of capital for the financial sustenance in the nation. Furthermore, as per Hanna and Paans, (2022) it can be stated down to the fact that since capitalist is a prime move of production hence the social system is nurtured and deemed to be shift from one mode of production to another. This particular approach and the formulation served to be one of the major reasons of capitalism in the prevailing time.

Emergence of Transformation of Capitalism

However, on the contrary Jensen and Zawadzki, (2023) demonstrated down to the fact that capitalism to the foot-step of feudalism where the exercising nature are natural which primarily satisfy the singular mode of production that is profit. Ask feudalism imports the execution of the exchange of monetary benefit with the labor and the economical class dwellers where the supporting of the protection is to be prevalent to it capitalism provides the similar thing. It is noted to be one of the major executions of the transformation of feudalism where the capitalist world and the economy are nurtured and given up economic protection to the respective dwellers. Furthermore, Arditi (2023) stated here the singular transition are primarily caused through the materialistic explanation of the theoretical approaches. Although the emerges of capitalism is defined by the establishment of the institutional arrangement where the nature of the user is to exercise the proper channelization of the financial arena through the required activity.

Theoretical approach

In accordance to the provision of information by the stage theory it is induced with the analysis of the process which are the evolution of transition for incorporation and proletarianization of labor along with commercialization of land (Thiemann, 2022). However, the development and the emergence of the capitalism is the procurement of the extension of the basic framework that induces a mechanism for the production of economic sustainability. Likewise, it is the inclusion of the amalgamation of labor along with the land as a combined commodity where the development of the production activity is being nurtured and catered around. This further imports the creation of the appropriate valuation which provides the economic sustenance in the prevailing time (Toporowski, 2022). On the other hand, it can be stated down to the fact that by the Eminem scholar capitalism finally is the prime mode of destruction as it is exploitative in nature. Ask the particular process is not automated where the process is entirely undermining the political strength along with the economical wealthy class. As per Likavčan and Scholz-Wäckerle, (2022), the perception and the approach towards any kind of activity primarily satisfy the personal needs and desire. As this particular magnitude of the transformation and the emerges of capitalism implore multitude option for the major and minor classes in the society however it also exercises a proper process of transition rate ignites the social regime. For example, according to the Marxist theory Marx chose England to be one of the major birthplace and arena for capitalism as it is a future developing country followed by the inclusion of the governance by the other capitalist country in the equal manner. In addition, as per the information includes for the reason behind the emergence of capitalism it is the inclusion of active political economy that the economics exercise to gain a political control along with the heading to the demand of the society through economics and social dynamics at the same time. Furthermore, this respective approach aids in the traditional humanist training and the development scenario where the working nature of the capitalism is primarily the adoption of industrialization along with the categorization of Social Democratic class (Törnberg, 2023).

Speaking about the images of capitalism primarily it can be denoted to be the induction of the train as a catalyzing agent where the area to be exercise was a London market which increase the label service in the 13th century. Hence it served to be one of the major criteria where it stimulates the development and the procurement of the capitalism in the West (Warren,1973). Furthermore, it can be stated down to the fact that the European development are primarily executes to the trade-centered approach. Hence it deemed to be the obvious fact that the provision of the control by the private and the businessman ran the arena which develops the capitalism in the prevailing time. Hence speaking about the trade, the introduction of the commercialization and the capitalism towards the execution of capital improvement with the wages of the labor are the prime area to be observed in the particular sphere (Arora and Stephen, 2023). Likewise, it executes a tone on the capitalism types like the agricultural capitalism. Any accordance to this particular capitalism it is the involvement where the increment of the productivity of the land are primarily due to the capital investment which opposed to be the rising demand of the land as the increment of demographic pressure. This particular capitalism emergent was primarily seen in 16th and 17th century where the fragmentation of the productivity along with the consolidation of the approach towards the land and economy are primarily intermingled (Ajl, 2023). Therefore, through this particular methodological approach it imposes the provision of the long-term acceleration of the prevailing economic condition in the early stages of capitalism in Europe along with the late medieval period as well (El Guessab and Masalykin, 2022).  

Emergence of Capitalism in 16-17th century

According to Wallerstein (1975) the emergence of capitalism is primarily due to the creation of the compulsion of the development of the social class relationship along with strengthening of the prospective social satire in the particular country. This particular approach provides a proper inclusion of the trade where the development of the control of the business classes increases in the Europe. However, speaking about the capitalism, the introduction of the peasants and the farmer are one of the major pivotal aspects of this particular sphere. As mentioned earlier in the emergence of the capitalism in the England the feudalism transformation to capitalism is primarily exercise through the evolution of military support and protection to the labor and the farmer classes. Here in reference to the European continent it can be narrated down to the fact that the provision of the farmer and the peasants are primarily decline the rural capitalism however the success was not being met (Versieren and De Smet, 2022). This evolves the emergence of the classical landlord capitalism which provides an entire transformation to the agriculture followed by giving a new sphere and dimension to the agricultural capitalism. Taylor (1974) states that this particular sphere in this execution engages and provide the assistance for the creation of large farm along with provision of lease to the capitalist tenant for further investment. Therefore, this particular approach as per the eminent scholar is noted to be the execution of capitalism tenorite not more than an annual time (Mitchell, 2023). Here in this particular context the capitalism is primarily the combination of better and skilled labour technology as it helps in filling of the caps in the market. Likewise, for the inclusion of reduction of the Ink of the market cap serve to be 1 of the major aspects that result in the rise in the capitalism. Hence it can be denoted down to the fact that the capitalism served to be one of the executions of temporary association where the small merchant allows to furnish and execute in the larger amount of capital investment to exercise and implore and get financial sustenance in the prevailing time (van der Heide, 2022).

As per Bohle et al., (2022) most of the execution of this particular surveillance is import and exercise through the proliferation of the trade where the pricing adopted through the respective arrangements in accordance to the country’s economic satire. Hence with the advancement of the technology it provides the capital market berth in reference to the thriving activity for the development of the financial arena in the particular country. For example, the major consequences which gives a prime board to the capitalism is the French industry system where the execution of the labor are circumcised along with the creation of difficulty. As it is a common scenario that the manufacturing unit of every single organization are primarily exercise through the inclusion of highly skilled labor Therefore, the capitalism are the prime aspect where the businessman and the industry is governed and control the entire scenario in a proper manner (Wallerstein, 1975). However, in the prevailing time the capitalism primarily focused on the profit over anything else in reference to every socialist country where the Stakeholders are given to be one of the prime importance followed by the development of the social welfare (Rrapaj Kolasi and Kolasi, 2023).

For example, countries like Germany UK are the prime and the modern example of this capitalist country where the organization and the productivity are being developed catered delivered in accordance to the need and requirement of the market. Hence in comparison to the earlier approach of the capitalism it can be seen that the endorsement of the control over the market are governed by the economic and the business class which primarily catered their own (Schumpeter, 1942). Hence it can be denoted down to the fact that the modern capitalist theory and the society are primarily the presence of the mixture of new elite classes along with the old elite classes followed by showing their concern to maximization of the economic proximity along with giving a security to the political system. According to Smith (1776), in this particular approach it provides a proper he and a sustenance to develop the economically challenged and the middle class for gaining and earning much more sustenance in their professional life. However, on the contrary it is stated down to the fact that the inclusion of the adoption of authoritarian tendency along with showing a reluctant nature to accept the competitive market idea are denoted to be one of the major drawbacks of capitalism. The prime negative aspect in the prevailing time which creates a question mark in the emergence of the capitalism are the provision of the division of workers along with the class in reference to the economic strength and sustainability. For example, the capitalism in the prevailing time in the arena of emergence is exercise in the prior stage where the labor shortage in the prime two years is the major aspect of the drawback.

Likewise, with the emergence of the capitalism it can be denoted down to the fact that the provision of the free market economy in the most applicable form like the production and the growth are governed by the private owners. Therefore, in comparison to the prior aspect from post feudalism transformation to capitalism here the emergence heed towards the economic sustenance followed by the deliberation of the resources setting of the price in accordance to the demand and supply of the market (Roth, 1971). This particular features of emerges of capitalism are being nurtured and governed by the execution of private ownership a motivation to earn and gain more profit along with the minimal exercise control and intervention of the government followed by present rate of competition. Here in this very context capitalism in the emerging time primarily focused on the exercising of economic sustainability by every single possible means where the organization adoption of the innovation strategy is primarily being inclined down to. Here in this very approach the execution of the goods and services are primarily being catered upon through the selection of the respective pricing strategy that satisfy the market incurred profit eradicate loss along with creation of a consumer satisfaction.

 As in comparison to the earlier discussed in our information capitalism in the prior notion are governed by the highly influential class to which now it is controlled by the private ownership pattern (North, Douglass, and Robert Paul Thomas.1973). In addition, in the early time it was the clear dictation of the class in the society which gives a proper narration to the lowermost classes in the area of capitalism sphere to which the picture is different in the present. Here as the private ownership are pseudo in nature Therefore, the market and to exercise in that particular industry is free as the particular businessman check all the options followed by fitting into the best possible route to enunciate in a proper manner. Furthermore, it can be stated down to the fact that most of the businessman in the 21st century primarily select profit entities where the distribution of capital resources along with the production are pursued to gain a competitive advantage in the market. In accordance to Durkheim, (1893) earlier the presence of the labors was in terms of the farmers which gives the land to the higher economic class for the military protection to which now the labor itself are the employees to the company. Here the provision of the goods and services are primarily based on the cost of profit to the company our exercise by the market expansion popularity of the product along with the investment in the similar market. Therefore, it can be denoted down to the fact that the emergence of capitalism in the modern time itself refer to the deliberation of profit for every single company along with maintenance of the cost of the business provision of the charitable contribution to the stakeholders as well.

Emergence and impact of Capitalism in 21st Century

For instance, in the prior time like England and Europe capitalism were primarily either giving protection or service to the market which the economy is organization would be used (Silverwood, and Berry, 2023). Here the major factor that exercise a better capitalism is governed by heeding towards the consumer’s need and requirement. For example, in the present time it is seen that in order to gain a competitive advantage the company’s exercise is huge inclusion of financial sustenance along with the support to the research and development team. This particular aspect and the attributes lacked in the emergence of the capitalism in the 16 to 17 centuries to which in the 21st century this is primarily exercise and heeded upon. Another important catalyzing agent in the emergence of the capitalism in the prime-time post feudalism and agricultural capitalism is the current market competition. In the early time it is clearly seen that the capitalism is primarily nurtured and catered through the execution of the Singulate entity to which it is absolutely different in the current time (Schefold, 2022). Likewise, in the present time competitive market evolves and offers more than multiple inclusion of the companies which are executed and eradicate the monopoly development of the business along with the control. Wang and Doty (2022), the presence of the huge option in the market involves the execution of better capitalism support in the current time where the prices of the cuts and services are varied. Furthermore, earlier in reference to the emergence of the capitalism in the 18th century the government inclusion is primarily being seen to which in the current time the adherence and the involvement of the government are being eradicated and discarded. This political approach is being catered around through the capitalism atmosphere in the business world where the trade is being strictly followed under the federal trade commission bureau. This is one of the major different attributes of the capitalism emergence in the 18 and 20 first century. In the earlier time it was clearly not been structured and seen as the practice of a proper log in reference to the capitalism to which in the current time the presence of the business law is dictated and followed (Hall, 2022).

Conclusion

Based on the prior discussion it can be stated down to the fact that the emergence of the capitalism from the past comparison of 16 17, 18 and prevailing time is varied with having a singular motive that is financial proximity. Likewise, this particular product has given a clear information about the current economic scenario which gives a positive compulsion for the inclusion of capitalism in the current market. For instance, this project provides a clear information about the capitalism in the private time where the protection and the service are being provided followed by the execution of land as a major source of economic platform. Furthermore, the singular approach was also being exercised to which in the prevailing time the capitalism answers to the requirement of the market primarily where the organization exercised accordingly. Hence it can be stated down to the fact that despite of the various aspect of the market economy public capitalism remains to be one of the most vital aspects where it helps to procure monetary development to the particular country.

References

Ajl, M. (2023) Theories of Political Ecology: Monopoly Capital Against People and the Planet. Agrarian South: Journal of Political Economy12(1), pp.12-50.

Arditi, D. (2023) Digital Feudalism: Creators, Credit, Consumption, and Capitalism. Emerald Publishing Limited.

Arora, P. and Stephen, S.L. (2023) In defense of capitalism: Modern slavery would be much worse without it. Business & Society62(3), pp.475-481.

Bendix, R. and Roth, G. (1971) Scholarship and partisanship: essays on Max Weber. Univ of California Press.

Bohle, D., Medve-Bálint, G., Šćepanović, V. and Toplišek, A. (2022) Riding the Covid waves: authoritarian socio-economic responses of east central Europe’s anti-liberal governments. East European Politics38(4), pp.662-686.

Durkheim, Emile. (1893) On the Division of Labor in Society. New York: Free Press, 1964

El Guessab, K. and Masalykin, O. (2022) The New Social Reality: Post-Capitalist Challenges. Agathos13(2), pp.197-206.

Hall, S. (2022) Locating state capitalism: Financial centres and the internationalisation of Chinese banks in London. Environment and Planning A: Economy and Space, p.0308518X221130080.

Hanna, R. and Paans, O. (2022) CREATIVE PIETY AND NEO-UTOPIANISM: CULTIVATING OUR GLOBAL GARDEN. Cosmos & History18(1).

Jensen, T. and Zawadzki, M. (2023) Contextualizing capitalism in academia: How capitalist and feudalist organizing principles reinforce each other at Polish universities. Organization, p.13505084231161566.

Likavčan, L. and Scholz-Wäckerle, M. (2022) The Stack as an Integrative Model of Global Capitalism. tripleC: Communication, Capitalism & Critique. Open Access Journal for a Global Sustainable Information Society20(2), pp.147-162.

Marx, Karl. a: (1847) The Poverty of Philosophy. New York: International Publishers, 1963. . b: 1859. A Contribution to the Critique of Political Economy. Moscow: Progress Publications, 1970.

Mitchell, D. (2023) Taylorism Comes to the Fields: Labor Control, Labor Supply, Labor Process, and the Twilight of Fordism in California Agribusiness. Economic Geography, pp.1-22.

North, D.C. and Thomas, R.P. (1973) The rise of the western world: A new economic history. Cambridge University Press.

North, Douglass, and Robert Paul Thomas. (1973) The Rise of the Western World. Cambridge: University Press.

Roth, G. (1971) “Sociological Typology and Historical Explanation.” In Reinhard Bendix and Guenther Roth, Scholarship and Partisanship: Essays on Max Weber. Berkeley: University of California Press.

Rrapaj Kolasi, J. and Kolasi, K. (2023) The Political Economy of Passive Revolution in Albania: The Neoliberal Paradox and Transformation-Democratization Nexus. Journal of Balkan and Near Eastern Studies, pp.1-19.

Schefold, B. (2022) The Significance of Economic Knowledge for Welfare and Economic Growth in History. In Ancient Economies in Comparative Perspective: Material Life, Institutions and Economic Thought (pp. 25-53). Cham: Springer International Publishing.

Schumpeter, Joseph. (1942) Capitalism, Socialism and Democracy. London: Allen & Unwin, 1943

Silverwood, J. and Berry, C. (2023) The distinctiveness of state capitalism in Britain: Market-making, industrial policy and economic space. Environment and Planning A: Economy and Space55(1), pp.122-142.

Smith, Adam. (1776) The Wealth of Nations. New York: Modern Library, 1937

Sombart, Werner. (1913) The Quintessence of Capitailism. A Study of the History and Psychol- ogy of the Modern Business Man. New York: Fetig, 1967.

Taylor, J. (1974) “Neo-Marxism and Underdevelopment-A Sociological Phantasy.” Journal of Contemporary Asia IV (no. 1)

Thiemann, L. (2022) The Third Class: Artisans of the world, unite? (Doctoral dissertation, Ph. D. diss., International Institute of Social Studies, Erasmus University, Rotterdam/The Hague).

Toporowski, J. (2022) Industrial Feudalism and American Capitalism. In Polish Marxism after Luxemburg (Vol. 37, pp. 43-59). Emerald Publishing Limited.

Törnberg, P. (2023) How platforms govern: Social regulation in digital capitalism. Big Data & Society10(1), p.20539517231153808.

van der Heide, A. (2022) Talk the talk and walk the walk? European insurance capital regulation and the financial vocabulary of motive. Socio-Economic Review.

Versieren, J. and De Smet, B. (2022) Lost in Transitions? Feudalism, Colonialism, and Egypt’s Blocked Road to Capitalism (1800–1920). Journal of Historical Sociology35(2), pp.200-221.

Wallerstein, I. (1975) “The Present State of World Inequality.” In Immanual Wallerstein (ed.), World Inequality. Montreal: Black Rose Books

Wang, G.G. and Doty, D.H. (2022) Theorizing human resource development practices in extended contexts. Human Resource Development Review21(4), pp.410-441.

Warren, B. (1973) “Imperialism and Capitalist Industrialization.” New Left Review 8 1(September-October):3-44

Related Posts

Leave a comment

× WhatsApp Us