1. Summary
Economy includes various meaning. It is the way how people meet their materials. Economy is being larger and more complex as the time goes. Capitalism is the economic system that which was developed in 16th century in Europe. Capitalism works by commodities, money, labour power, means of production and production. People engage in this system as a consumer, labours, investor. There are some views that capitalism is unfair system. They argure that the structure of employment, wealth, and power are unfair.
2. What did you learn?
According to Marx, the use of labor power has become a commodity under capitalism.
So the cycle of economic is the basis of class struggle.
3. Discussion
Usually, government adjust the terrible gap between rich and poor. Could we see this policy is just fair? Rich people make effort like working hard to earn more, and some of their money are used to help who dont work hard and poor.
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