Capitalist World Economy and Global Inequality

By

ACKNOWLEDGEMENT

My thanks go out to all who have helped me complete this study and with whom this project may have not been possible. In particular, my gratitude goes out to friends, facilitator and family for extensive and helpful comments on early drafts. I am also deeply indebted to the authors who have shared my interest and preceded me. Their works provided me with a host of information to learn from and build upon, also served as examples to emulate.

DECLARATION

I, [names and surname here], declare that the contents of this dissertation/thesis represent my own unaided work, and that the dissertation/thesis has not previously been submitted for academic examination towards any qualification. Furthermore, it represents my own opinions and not necessarily those of the University.

Signed __________________ Date _________________

ABSTRACT

The capitalist economy is a system that incorporates the private ownership and implies the limited or no intervention of government in the country operations. In such system, the resources are usually operated and distributed through the private ownership within the country while rules are also regulated by these private owners for distribution of resources from one place to another. Centuries-old interest in varieties of capitalism associated with economic development, protection of national economic and political interests, social security, and global competitiveness. The key role of national states in promoting or hindering capitalist development work on biased varieties of capitalism, which is usually identified with the various national capitalism, as if it was not just analytically distinct, but really worked in isolation from each other, rather than the complex cross-border , multinational, or global system.

TABLE OF CONTENTS

ACKNOWLEDGEMENTII

DECLARATIONIII

ABSTRACTIV

CHAPTER 1: INTRODUCTION1

Background of the Study1

Problem Statement1

Aims of the Study2

Objectives of the Study2

Purpose of the Study3

Rationale of the Study4

Research Questions5

CHAPTER 3: METHDOLOGY6

Introduction6

Achievement of Aims of the Study6

Method of Analysis7

Overview of Qualitative and Quantitative Research Approaches10

Reason for adopting Qualitative10

Data Collection Sources11

Instrument for data collection11

Research Philosophy12

Research Approach12

Data Collection Methods13

Instrument for data collection14

Literature Review of the Study14

Findings and Conclusion Section of the Research Study15

Reliability/Dependability16

Ethical Consideration18

CHAPTER 4: ANALYSIS AND FINDINGS19

Capitalist World Economy20

Achievements made within Capitalist Economic System23

Capitalism and Democracy24

Elements of Capitalism24

Transforming and transcending capitalism to solve the current crisis25

Mark's Capitalism26

Major Change in Capitalism To Overcome The Financial Crisis27

Economic Inequality29

Industrialization in Capitalism Context30

Proletarian Revolution in Capitalist Societies31

Critique on Capitalist Economy32

Future of Capitalism34

Projections about Capitalist Economic System35

CHAPTER 5: CONCLUSION37

Decline of Capitalism40

Fate of Capitalism41

Marx's Critique of Capitalism42

Contradictions of Capitalism44

REFERENCES46

CHAPTER 1: INTRODUCTION

Background of the Study

The capitalist economy is a system that incorporates the private ownership and implies the limited or no intervention of government in the country operations. In such system, the resources are usually operated and distributed through the private ownership within the country while rules are also regulated by these private owners for distribution of resources from one place to another. Centuries-old interest in varieties of capitalism associated with economic development, protection of national economic and political interests, social security, and global competitiveness. The key role of national states in promoting or hindering capitalist development work on biased varieties of capitalism, which is usually identified with the various national capitalism, as if ...