Essay on American Capitalism

2283 Words10 Pages
Although it holds true that the United States is a global power, the current economic system, capitalism, threatens the state's domestic and global stability; the concept of materialistic success creates inequalities between citizens, which, in turn, leads to deviance and rebellion, and the possibility of a fallen capitalistic society. If the United States were to struggle internally, one of two things would happen: all industrialized external forces would exploit on America's lack of equanimity, or said forces would contribute to an international depression as a result of a chain reaction set by the collapse of an important economic state. The inequalities that lay between social classes are a product of capitalism, the idea of a…show more content…
In contrast, only 8.6 percent of whites/non-Hispanics fell between the lines of poverty (U.S. Census Bureau). Wealth is so scarce and it hardly gets distributed. Some might argue that inequalities are trivial to democracy, that in any case, people will always remain unequal either by status or pay. The American motto is that if a man works hard, he will receive the most opportunities and will be reimbursed. Since it is a profit-based economy, only those with talent who can assist the CEOs in making profit will reach status in the top twenty percent. However, claiming that the majority of the population, a good eighty percent, is 'untalented' is obscure. A smaller percentage might have been more reasonable to account for. Though it holds true that in any system inequalities preside, the wide gap between the social stratifications in America demonstrates the extremes. This theory of "hard workers to the top" does not regard those who have inherited their power and wealth; the fact that neither power nor wealth are extended to all citizens, at least a fair majority, shifts the government away from democracy as well. Democracy by definition is "...the ideal alternative to a bureaucratic, authoritarian state...Democracy is a form of government...[that] rests directly or indirectly on the freely given consent of the majority of the adults governed" (The Encyclopedia Americana). In other words, power is centralized
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