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Capitalism - Inequality of Race and Economics

            The gap between the richest Americans and the poorest Americans is at an all time high. With this gap comes a notable disparity in the wealth and income of different races.The inequality of wealth in America stems from the desire for power control. White domination both past and present has used race to ensure its stay atop all facets of life including economy, politics, etc. Capitalism is the cyclical venue through which white domination enforces and upholds the standards that create racial economic inequalities, and while few pockets continue to get fatter these standards -set by those who wear the pants with those pockets- continue to economically disenfranchise racial minorities.
             Capitalism is perceived to be a system in which the the market competes in a free for all setting where each individual attempts to gain as much as they can. It starts off with meritocracy -principles that assume that a persons gain is solely attributed to his hard work. This is a way of saying that the man with millions in his bank account earned it because he is simply that hard of a worker and the man who lives from paycheck to paycheck saving only his pocket change is in his position because he does not work hard. With that being assumed society is inclined to believe everyone is given an equal chance and that naturally those who are better will climb and vice versa.
             The problem with meritocracy however is that is does not account for the genuine inequality of opportunity. A child's parents being poor may very well be a factor in determining that child's future economic status. He may not be able to attend good school or afford college and after graduating from high school he will probably not have the business connections to procure a well paying job. On the other hand a child who's parents are wealthy will have the best classes and life experiences to build his merit and he will have enough money to afford college after which having a a career or getting a job should be easy because of education or possible family business connections.


Essays Related to Capitalism - Inequality of Race and Economics

1. In Capitalism And Freedom, Equality And Efficiency And Everything For Sale

In a free market capitalism and freedom can be achieved. ... History has showed that capitalism is a necessary condition for political freedom and that economic freedom and political freedom can only coexist in capitalism. ... Under the FEPL law a storeowner has to hire a particular race of people, which the customers of the store might not prefer. ... Okun explains inequality of income can stem from inequality of opportunities. ... Race and sex can influence job opportunities. ...

  • Word Count: 3859
  • Approx Pages: 15
  • Grade Level: Undergraduate

2. Anglo-American Economic Geography

Following a period of austerity the 1950s and 1960s saw a period often referred to as the 'golden era' of capitalism (Burke & Puty, 2004). ... Meanwhile, a growing "Marxist critique of capitalism" (Bryson, et al., 1999, p. 9) had begun. ... Harvey believed that, the capitalist world had produced areas of uneven development producing 'unfair' inequalities. ... As feminist economic geography developed, it became apparent that further social markers such as race and age, were also fundamental to the study of economic geography. ... Furthermore, the interaction of e...

  • Word Count: 1523
  • Approx Pages: 6
  • Grade Level: Undergraduate

3. Causes of WW1

On the other hand, the more that impending colonial space diminished, the greater the urge of lesser powers to solve inequalities in the size of empires by redivision of the colonial world, turned out to be. ... Charles Darwin published The Origin of Species in 1859, and within a decade popularizers had used--or misused--his theories of natural selection and survival of the fittest to contemporary politics and economics. This pseudoscientific social Darwinism interested educated Europeans already discouraged by a century of higher criticism of religious scribbles and conscious of the competiti...

  • Word Count: 1485
  • Approx Pages: 6
  • Grade Level: Undergraduate

4. Joe Feagin's Article In Terms Of Globalization

Feagin writes about those issues of social inequality and injustice. ... Her most well known work came in 1898 that was called Women and Economics. ... Martineau studied religion, and economics. ... Her work A Voice from the South: By a Black Woman of the South, was research done dealing with race and gender issues in America. Cooper fought issues such as labor, gender, race, and had staunch religious beliefs as well. ...

  • Word Count: 1581
  • Approx Pages: 6
  • Has Bibliography
  • Grade Level: High School

5. Marxs and Engels systematic theory of InternatÝonal Relation

Probably no one would disagree with the fact that Marx and Engels have created a very strong theory that has affected the studies of sociology, politics, economics and many other spheres of life. ... They also believed that the abolishing of the private property and having a state control economy will help to get rid of the inequalities in the society. ... Marxist theory also presumed that the proletariat would be united despite of all the borders and would not be concern with race or culture issues; religion according to Marx and Engels would not play any part at all when all the suppression ...

  • Word Count: 1247
  • Approx Pages: 5
  • Has Bibliography
  • Grade Level: Undergraduate

6. Globalisation Issue

Globalisation is the rapid increase in cross-border economic, social, technological exchange under conditions of capitalism. ... The first great expansion of European capitalism took place in the 16th century, following the first circumnavigation of the earth in 1519 to 1521. ... The end of the Second World War brought another great expansion of capitalism with the development of multinational companies interested in producing and selling in the domestic markets of nations around the world. ... The fall of the Berlin Wall and the collapse of the Soviet Union ended the cold war between the ...

  • Word Count: 9131
  • Approx Pages: 37
  • Grade Level: Undergraduate

7. Essay

Look at our life today; look how it has changed. Just one hundred years ago we could see O"Henry's little secretaries typing for ten hours a day. Weak and deprived of rights, they could be easily dismissed, experience sexual harassment or encounter health problems. They had nobody to be protected by, nobody to turn to. Dark rooms, bad air, and sitting for whole day. ...

  • Word Count: 4257
  • Approx Pages: 17
  • Has Bibliography
  • Grade Level: High School

8. Our Life Today

Look at our life today; look how it has changed. Just one hundred years ago we could see O"Henry's little secretaries typing for ten hours a day. Weak and deprived of rights, they could be easily dismissed, experience sexual harassment or encounter health problems. They had nobody to be protected by, nobody to turn to. Dark rooms, bad air, and sitting for whole day. ...

  • Word Count: 4257
  • Approx Pages: 17
  • Has Bibliography
  • Grade Level: High School

9. Little Secretaries

Look at our life today; look how it has changed. Just one hundred years ago we could see O"Henry's little secretaries typing for ten hours a day. Weak and deprived of rights, they could be easily dismissed, experience sexual harassment or encounter health problems. They had nobody to be protected by, nobody to turn to. Dark rooms, bad air, and sitting for whole day. ...

  • Word Count: 4257
  • Approx Pages: 17
  • Has Bibliography
  • Grade Level: High School

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