The Chinese economy stagnated during the social-oriented rule of Mao in the 1950's. ... As Nicholas Lardy stated, "The Maoist ideology of self-sufficiency, pursued most vigorously in the Cultural Revolution years of the mid-and late-1960's, had left China largely isolated from the world economy."2 Communist doctrines decreed capitalism as inequitable because the elite prospered while the commoners languished. Thus China's market economy was scrapped in favor of one that promoted self-reliance. ... Communist nations have a history of playing minor roles in the world market, and C...

• Word Count: 1368
• Approx Pages: 5
• Grade Level: Undergraduate

Its leader has the power to intervene into politics and the economy. ... Japan looks solely to the worlds consumer market and with the support of the national government they are doing very well. ... By following a model similar perhaps china could pulls itself into the twenty-first century as a major world power. ... If China could go more towards consumer goods they might be able to take on this type of economy. ... China has a lot to do before they will be able to contend for the title of a major world power. ...

• Word Count: 965
• Approx Pages: 4
• Grade Level: High School

In the ideal society, government would only run the financial economy and trade. ... The financial economy would not be ran by the government and it will not be ran by corporations. This economy would be ran by the working class and would keep big industries from eating up the little guy. ... This can make the economy prosper. ... A society that has the best of both worlds is a good one. ...

• Word Count: 631
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• Grade Level: High School

This promoted the development of capitalism because strong workers resulted in strong companies which lead to a strong economy. ... This ability to overcome the desire for unessential items resulted in a rich economy. Because the people would have a hard work ethic and a strong sense of saving, an economy under the rule of this nature would blossom. ... However, Karl Marx had his own views on the economy and the basis of capitalism. ... Still, both of these men stated that productive forces shape the world of ideas. ...

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Communism in Marx's form is unattainable by any third world country. ... Not only will it fail it will destroy the economy as well, leading to a large step back in country's development. ... This was desirable because most third world countries were under the thrall of some bigger first world country, which only wanted them for their resources. ... The first world countries never felt a need for communism. ... Eventually Russia, the only example of communism failed, their economy collapsed, and they were forced to revert to a capitalistic economy. ...

• Word Count: 1470
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• Grade Level: Undergraduate

The people didn't work and they were a drain on the society and on the economy. ... From Europe, and especially from England, capitalism spread throughout the world, largely unchallenged as the dominant economic and social system until World War I brought in modern communism (or Marxism) as a savage and hostile government. ... This is a drain on the economy and as result the whole thing comes crashing down. ...

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Now, a brief recap Stalinism grew out of fundamental idea: communism is the best, and by implementing it in the USSR a world revolution would begin This revolution, domestically, would not happen by itself, it needs to be encouraged It needs to be done immediately, because the other powers in the world will attack as soon as they think you are against them. ... This means totally integrating the state with the economy, social systems, and culture. Control of the economy would create the most efficient system, and in this case it was collectivization, orthe creation of gigantic stat...

• Word Count: 454
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• Grade Level: High School

There are several different varieties of political economy theory, but they all share two assumptions about society: First, they assume that the economy "the way that people use resources to make a living "is the main source of social process. Other aspects of culture and social relations are connected to the economy in direct and indirect ways and may influence the development of the economy; but the economy is the main engine of history. So, we can say that in this view, the economy is a "theoretically privileged- institution "it is more important than other institutions &q...

• Word Count: 2799
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• Grade Level: Undergraduate

Which is to say, that even as the capitalist machine creates this amazing new social revolution, it is by its very actions unbalancing the economic and social aspects of the world, that are vital for stable markets and economies. ... However is this later need is never met, these additional products are left to sit unused, thus de-valuing markets and economies, and decreasing the individual purchasing power of people. ... As Kaplan states, "We are entering a bifurcated world. ... They have a world to win." ... In order to prevent an eventual collapse, countries must force their economy to...

• Word Count: 1172
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• Grade Level: Undergraduate

Marxism claims that the politics of the world exist in a global capitalist economy. ... All Marxian beliefs claim that the social world should be studied as a totality. ... The status quo of world politics has become so "common-sense" that an alternative is almost inconceivable. ... It is well suited for the study of world politics because it takes into account all the features of domination in today's world. ... It differs from other schools of Marxism since it moves away from the political economy centered view and takes a more well rounded perspective. ...

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• Grade Level: Undergraduate

" 2 Marxism in other words are equality for all, which Karl Marx believed was the key factor to keeping peace in the world, since he proclaimed history as a repeating cycle of wars, caused by class struggles and uprisings. 3 In terms of economy, Marxism lays basis of labour and its relation to capital, abandons private ownership of property, and exploits surplus value made formally by the middle class under a capitalist economy. ... " In Towards a Critique of Hegel's Philosophy of Right (1844), Marx wrote, "Religion is the sigh of the oppressed creature, the feeling of a h...

• Word Count: 2041
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• Grade Level: Undergraduate

Marxism and Economic Theory Human relationships have always been dynamic. Change and adaptability have gone hand in hand with the passage of time for human society. Systems have been developed to regulate, direct and control the resources of this society. The systems are referred t...

• Word Count: 2051
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• Grade Level: High School

It has been present all over the world since generations but it varies from society to society. ... Secondly, we see it in the aspect of market economy where we notice that class positions prevail only in labor market and capital market. Here we can compare Marx with Weber because Weber acknowledges that when there is a market economy there will be a difference in property which creates class positions but unlike Marx, he emphasizes that this is possible only when there is a market economy. ...

• Word Count: 770
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• Grade Level: Undergraduate

In a truly socialist economy, the means of production are owned and controlled by a collectivity or the state, not by private individuals or corporations. ... China previously the world's other major communist economy announced that it would privatize most state industries. ... However, it appears that these measures may have failed in Russia: Shortages once again loom, and many people want to see a transformation to socialist form of economy. ...

• Word Count: 742
• Approx Pages: 3
• Grade Level: Undergraduate

In a truly socialist economy, the means of production are owned and controlled by a collectivity or the state, not by private individuals or corporations. ... China previously the world's other major communist economy announced that it would privatize most state industries. ... However, it appears that these measures may have failed in Russia: Shortages once again loom, and many people want to see a transformation to socialist form of economy. ...

• Word Count: 746
• Approx Pages: 3
• Grade Level: Undergraduate

The major contribution to the world economy by Karl Marx was development and creation of ideology of communism and socialism. ... It is clear that any pure economy is unhealthy for the countries economic system, ether communism or capitalism. Today in our world almost every country has mixed economic system, which includes both command and market systems. ... Thus it tells us that Karl Marx had a great contribution to every country in the world, even though his ideology is not fully concerned. ...

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The 3 great philosophers Most of the ideologies of the modern world of economics have been shaped by three prominent economists of the past. ... His analysis of capitalist economy and his theories of historical materialism, the class struggle, and surplus value have become the basis of modern socialist doctrine. ... Capitalism would then be succeeded by a world without private property. ... His ideas on the causes of unemployment revolutionized economic theory and profoundly altered government's involvement in the economy. ...

• Word Count: 684
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• Grade Level: Undergraduate

Know one was managing the economy and people still had expenses. ... Today the government takes a role in the economy and only the wealthy own the Nation's economy. ... Marx wanted the workers of the world to unite. He said that we have a world to win. ... Lennex also believed that the revolution would spread around the world and the workers of the world would unite. ...

• Word Count: 2580
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• Grade Level: High School

Another theory discussed was dependency theory, which is believed that the growth of rich countries has created the third world, and that international capitalism creates this block so that third world countries cant move forward (43). ... Majority of their economy is based on agriculture. ... Agriculture plays a huge role in the income of Guatemala, "the agriculture sector is a crucial component of Guatemala's export and domestic economies, accounting for 23% of the GDP, and employing 50% of the labor force (rurapoverty.org). ... In Guatemala the oligarchy are a small group who control t...

• Word Count: 1415
• Approx Pages: 6
• Grade Level: Undergraduate

He took the Hegelian concept of a world driven by the historical struggle between ideas and their antitheses and replaced it with a world driven by the historical struggle between different classes for control over the means of production. ... We cannot have intellectual elite without an economy which allows some people to work while others think or create art and culture. ... The alienation has reduced the relation of the people to the world as one of having, of possession. ... In Marx's view this is caused by the power of the free market economy within capitalist societies. ... But Kie...

• Word Count: 1488
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• Grade Level: Undergraduate

The Cold War begins with the end of the Second World War (WWII) in 1945, when the world was left crippled and needed to be reconstructed in some manner. ... The Americans supported Capitalism, which meant minimum interference of state in economy, competition and individual reward, and the right of voting, variety of political parties and freedom of speech and press among others (liberal democracy). On the other hand, the USSR supported Communism, which meant interference of state in economy, everyone working for a collective good, the state distribution of goods, no individual freedoms and no ...

• Word Count: 990
• Approx Pages: 4
• Grade Level: Undergraduate

Marx says only in an ideal world will the product be sold for it's just price. ... According to Professor Ron Hagaman of Mc Henry County College, these sides are in a constant struggle for control of the economy. ... In this final stage the people will control not only political decisions, but also the economy of the country. ...

• Word Count: 705
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• Grade Level: High School

He saw the world as being more based on geo-politics. ... He believed in methodological materialism, which means that material reality is the basis of society, economy, and politics. ... Thus, modern capitalism was born and has changed the entire world. ... Wallerstein sees things according to a world system view. ... The core, which is characterized by things like advanced technology, high wages, diversified economy, a large middle strata, and large bureaucracies. 2. ...

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During the civil war Lenin had geared the economy towards the war against the opposition forces, the various strands of the divided "Whites". ... The agricultural production in Russia declined since the outset of the First World War, and those who had food, hoarded it. ... State intervention had been a feature of many European countries during the First World War and had little to do with ideology. ... The fact that Lenin appointed bourgeois specialists and capitalists in order to increase productivity in factories would suggest that Lenin was taking temporary action to improve the economy of ...

• Word Count: 2081
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• Grade Level: Undergraduate

In this day and age, the world wouldn't go accordingly if it weren't for politics and government. ... Finally, Capitalism wouldn't be a good choice because it relates to the laissez-faire economy, but by private ownership of goods. ... Without the option to choose, the world would be in dismay. ...

• Word Count: 659
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