Saturday, September 29, 2018

Economy/week4/Juhee Cha (차주희)

1.summary

Economics is the way people use the environment to meet their material needs. 
Capitalism developed gradually in Europe from the 16th century. Capitalism gradually spread to Europe and other parts of the world. Throughout the 19th and 20th centuries, capitalism has evolved in spots around the world.
The operating principles of capitalism are commodities, money, labor, production methods, and production.
Socialism refers to various theories of economic organization that advocate the ownership and production of public or direct workers and the distribution of resources. It is also a society characterized by equal access to resources for all individuals with compensation methods based on the amount of labor consumed.

2.interesting point

I think almost every country has a capitalist system.I thought nothing of it. However, while studying the topic, I was able to see that they had socialist regimes in Asia, Europe, Latin America and the United States. There were also arguments that criticized socialism, as well as arguments that criticized capitalism. This gave an opportunity to think about the advantages and disadvantages of the two systems.

3.discussion point 


The subjects that I am interested in on this topic are capitalism and the existence of socialism. Have you thought about the pros and cons of both capitalism and socialism? If you've thought about it, please add a comment.

2 comments:

  1. I think socialism is a good political system, too. But in general, I think many people dislike socialism because it doesn't bring it right. The essential meaning of socialism is that all members of society move along together, and in the case of North Korea, there is a problem because there is an inadequate system of upper class retention.
    I think North Korea's socialism is not a right one, but a wrong political system that the upper classes have created to maintain their status.

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  2. I'm in favor of capitalism, which is rewarded according to individual ability. But if you look at our country, only companies with a certain level of capital continue to grow. I think that this system can deepen polarization and disrupt capitalism.

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