In his book in 1998, Richard Buckley pointed out that people from all corners of the globe, linked together by TVs and the Internet, are now united by the same wish for freedom, material comfort and security. ... On a darker note, globalization is also accused as the assistant of the phenomenon known as "cultural invasion". ... One the one hand, the spread of media and the free flow of information worldwide may allow people to be more aware of global catastrophes, violence and social evils than ever before, and this awareness might lead people to do more to fix these global problems....

• Word Count: 803
• Approx Pages: 3
• Has Bibliography
• Grade Level: Undergraduate

Variations of pricing often stem from fetishism of the commodity, which is Marx's next major point in this book. ... However, Marx notes that humans are fallible, and will often place way too much worth or attention, or fetishize, certain commodities for rather arbitrary reasons. Marx notes that the main thing that gets fetishized in a capitalist economy is money, and that when people place too much importance on this, there becomes an imbalance in both the economy and the society as a whole (Marx, 1965). ... Published in 1848, this book features various theories that have been concluded ...

• Word Count: 2958
• Approx Pages: 12
• Has Bibliography
• Grade Level: Undergraduate

Although Smith believes in free markets, he doesn't necessarily need the government to be inactive, but limited. In his book Wealth of Nations, Smith states that the government has three functions and none initiated any kind of government-regulated market or economy. ... In Polanyi's book, The Great Transformation, he states, "While laissez-faire economy was the product of deliberate state action, subsequent restrictions on laissez-faire started in a spontaneous way. ... When discussing Adam Smith, it is clear to note that the role of the government is very limited and only need...

• Word Count: 1585
• Approx Pages: 6
• Grade Level: Undergraduate