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Essay / Research Paper Abstract
A 7 page paper that begins with definitions of democracy and capitalism. The writer discusses if a democracy can exist without capitalism and if capitalism can exist in a form of government that is not democratic. The relationship between the two concepts is discussed with a conclusion. bibliography lists 7 sources.
Page Count:
7 pages (~225 words per page)
File: MM12_PGdmcp.rtf
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Unformatted sample text from the term paper:
adult suffrage" (2004). The other usage is from an academic perspective and "refers to the theory of a political system, which assumes that people are the owners of the sovereign
power of the state, who rule, and are ruled simultaneously, by electing their deputies" (Elahi and Danopoulos, 2004). Capitalism is defined as an economic system wherein the means of
production is privately owned. In other words, the government does not own the companies who produce goods. The basic foundation for a capitalist economy is the premise that private enterprise
is the best way to organize the economic activities in a country. The success or failure of companies rests on the marketplace because it is the market that will determine
what will sell, and thus, what will be produced and who will produce the goods. It is also the market that determines at what prices services and goods can sell.
Capitalism has existed in one form or another since the beginning of time when on person would trade one service or commodity for another. Marx talked about labor power (Wikipedia,
2005). Marx asserted that all individuals have the capacity to transform their life circumstances; the transformation process is labor and, according to Marx, the capacity to make the transformation is
labor power (Wikipedia, 2005). Marx was concerned about what people did with their labor power, how they related to it (Wikipedia, 2005). His main concern was people becoming alienated from
their labor power and under capitalism, they indeed were alienated from their own labor power (Wikipedia, 2005). In fact, Marx viewed the alienation of ones own labor power was the
foundation for and defining feature of capitalism (Wikipedia, 2005). For all of history, people have bought and sold different kinds of commodities and capitalism emerged when labor became a commodity
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