Capitalism Free Essay, Term Paper and Book Report
Margaret L. Andersen and Howard F. Taylor stated in their Sociology: Understand a Diverse Society
October 8, 2001, the four hundred richest Americans have a total net worth that exceeds the gross domestic product of the entire nation of China. The wealthiest 1 percent own 38 percent of l net worth; the bottom 80 percent control only 17 percent. (Anderson 227) And the concentration of wealth is higher in America than any of the other industrialized nations. (Anderson 227) In contrast to the vast amount of wealth and income by elites, a very large proportion of Americans have hardly any financials assets once debt is subtracted. A question can be raised: what leads a country to this situation? How can a small group gain that much of wealth? The answer can be mainly seen in Marks work. He believed that right Capitalism, an economic system based on the pursuit of profit and the sanctity of private property causes the problem, and he used a class analysis to explain capitalism, but in this paper I am not going to explore complicated aspects of capitalism, but focus on how capi......
Word Count: 1132
Page Count: 4.5 (250 words a page / double spaced)
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