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MLA
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Mathematics & Economics
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English (U.S.)
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Topic:
If Capitalism is Broken – Maybe it is Fixable
Essay Instructions:
After reading the article: “If Capitalism is broken – maybe it is fixable”, list 5 statements you found particularly interesting. Do you agree or disagree with the statement and WHY? The most important part of your answer is your explanation to explain WHY you support or do not support the statement.
Explanation of WHY should be five - eight sentences in length.
https://www(dot)economist(dot)com/open-future/2019/07/08/if-capitalism-is-broken-maybe-its-fixable
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Analysis: If Capitalism is broken – maybe it is fixable.
The first interesting statement from the article is Stiglitz’s claim that globalization does not benefit everyone. I agree with the statement because although the concept has improved living standards worldwide, not all of its outcomes appeal to all. A corporation that manufactures products to sell overseas employs hundreds of workers whose salaries are just a small fraction of the few senior managers. Therefore, globalization is seen to encourage an environment that allows the exploitation of employees. In some nations, sufficient protections for such workers may even be absent. Secondly, Stiglitz argues that states should regulate capitalism to favor the disadvantaged. I agree with this statement because specific government provisions, like education, public transport, and health, are necess...
Instructor’s Name:
Subject:
Date:
Analysis: If Capitalism is broken – maybe it is fixable.
The first interesting statement from the article is Stiglitz’s claim that globalization does not benefit everyone. I agree with the statement because although the concept has improved living standards worldwide, not all of its outcomes appeal to all. A corporation that manufactures products to sell overseas employs hundreds of workers whose salaries are just a small fraction of the few senior managers. Therefore, globalization is seen to encourage an environment that allows the exploitation of employees. In some nations, sufficient protections for such workers may even be absent. Secondly, Stiglitz argues that states should regulate capitalism to favor the disadvantaged. I agree with this statement because specific government provisions, like education, public transport, and health, are necess...
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