Karl Marx believed that capitalism was a necessary, if unhappy, stop on the road to a higher order of political economy: socialism. List the inherent, fatal flaws of capitalism (in Marx’s view) and discuss how they either have/have not occurred in the way Marx predicted. (100 words maximum)
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Karl Marx believed that capitalism was a necessary, if unhappy, stop on the road to a higher order of political economy: socialism. List the inherent, fatal flaws of capitalism (in Marx’s view) and discuss how they either have/have not occurred in the way Marx predicted. (100 words maximum)
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- The political application of economic principles typically falls somewhere between two extremes: Monarchy & Serfdom Communism & Socialism Democrat & Republican Anarchy & TotalitarianismThe Dictator of Abydos is worried that the population might protest or rebel, as neighboring countries have recently undergone revolution. The population is similarly inspired to consider rebellion. The Dictator must decide whether to go ahead and repress, do nothing, or step down peacefully. The population has three options: do nothing, engage in mass protest, or violently revolt. These choices must be made simultaneously, without observing what the other player chose. The dictator will lose power if they step down peacefully or the population revolts. However, repression would successfully overpower a revolt, allowing the dictator to retain power. The dictator values their position at 50 utility, which they would lose if they lose power. They would also lose an additional 100 utility if they are ousted in a revolt, as they would imprisoned. The population would gain 50 utility if the dictator steps down and 30 utility if the dictator is ousted in a revolt. Repression would cost each…Consider the following grading system for a hypothetical economics class: At the end of the semester all the grades for all students are calculated. The instructor then takes one letter grade from the highest scoring students and gives this to the lowest scoring students. This is the grade the instructor submits on the grade sheet to the college registration office. Which economic system is most comparable to the grading system described above? Capitalism Communism Socialism Feudalism
- Which of the following is NOT characteristic of a capitalist economy? Group of answer choices private ownership of the tools and equipment needed to produce goods goods are traded directly for other goods some level of inequality between capitalists and laborers laborers paid wages for their labor (labor is commodified)Is capitalism associated more with a market or command economy? Why would capitalism be able to do "millions of things better" than a centrally planned economy? What things do you think a capitalist society would be more successful at than a centrally planed society?Discuss the first and second contradictions of capitalism. Be explicit as to why (again,according to political economy) these are unavoidable contradictions inherent tocapitalism
- The distinctive way of life allegedly developed in urban areas is referred to as __________.One of the methodological problems of comparative case study is called . Select one: a. diminishing returns b. spurious correlation c. ladder of abstraction d. selection bias e. empirical relationship Which of the following is consistent with what political scientists mean when they say the modern state exerts a monopoly on force? Select one: a. Only the state exerts violence in modern societies. b. Nobody knows about violence in pre-modern states. c. Force not authorized by the state will likely be criminalized. d. Modern states are non-violent and there was no war. e. Internal violence was as pandemic as wars between states. What are some common features of post-colonial states? One of the differences between hypothesis and theory is . Select one: a. that hypothesis contains an explanation, while theory doesn’t b. that hypothesis has a set of assumptions, while theory doesn’t c. whether they are directly testable or not d. that hypothesis is always well-grounded…Bobby has been recently hired to work on a highway construction crew for the summer. The work is hard, but the pay is great at a time when jobs are hard to come by. One day, the foreman told Bobby to slow down. "You're working too hard." This crew is used to taking it easy. "At this rate, you'll be out of a job because once we're done with this project, you're finished! Work slower - you'll last a lot longer." Bobby is convinced that this practice is dishonest to the company and to the taxpayers who are paying for the highway work. But he needs the job to meet his school expenses. What would you do if you were Bobby?
- defend the claim that china has adopted mercantilist theoriesWhat is the value base of communitarian capitalism?Compare and contrast moral idealism and political realism. Prove examples of some of the political figures who exemplify these two facets of American foreign policy. Give examples of what actions the United States has taken using these two views of foreign policy.
