Is Capitalism Working?

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Explores the history of capitalism from the industrial revolution to the 21stcentury. Underlining strengths and weaknesses of such a system through the time it also provides potential alternatives. The interest in using this book is to study examples of the advantages and disadvantages of capitalism.The book is destined to general readers which means unaware people about capitalism; therefore, the approach of capitalism is general only. Nevertheless, it scores high on Craven analysis as the author has a high level of expertise in history and economics.

In fact, after receiving a PhD, Jacob Field started to work as an associated researcher at Cambridge investigating London’s economic history. As a historian, the author has written the book following a scientific process avoiding bias which reinforces the neutrality of work. Finally, the all text is supported with references that reinforce the consistency criteria. Is Capitalism Working? Is a highly reliable source to support the argument that the studied model is unstable as one of its sections refers to capitalist crisis.CFR Info guide., 2018.Modern Slavery.

Available at: [Accessed 10 April 2018]. Modern Slavery provides information about the servitude of a wild range of people coming from all around the world and depicts the reasons for such a phenomenon. Looking at the cause of modern slavery, a part of the website denounces that profit is one of them. The purpose of using this website is to demonstrate that capitalism has been beneficial to the world economy, yet it has also brought some ethical issues regarding the working condition of certain victims.The webpage has been written by the council of foreign relation which aims to raise the awareness of people on the world; consequently, this source scores high in term of neutrality. Moreover, the expertise of the authors is guaranteed as they claim that their work is used by educators, journalists, and government officials.

Nevertheless, this website might be subject to a lobbying purpose thereby affecting the vested interest criteria of CRAVEN. However, no evidence supports this concern. Thus, this website information’s constitute a reliable source that will be used into the rebuttal pointing out the ethical price capitalism and its progress.Neate, R., 2017. Richest 1% own half the world’s wealth, study finds. The Guardian, [online] Available at: https://www.theguardian.com/inequality/2017/nov/14/worlds-richest-wealth-credit-suisse .This newspaper article from the Guardian explores the repartition of wealth worldwide. The article reveals that the repartition of wealth is highly unequal as a small part of the population owns a substantial proportion of the total money in circulation worldwide. In fact, according to research on which the article is based, “1% own half the world’s wealth”. Rupert Neate has been awarded in 2012 from the British Press Awards as the reporter of the year; wealth correspondent at the Guardian, the journalist, writes about wealthy people and inequality. On the other hand, the reputation of the Guardian tends to be on the left which may affect the neutrality of the paper.

However, the article is based on a research paper from an external source specialized in the analysis of wealth repartition which emphasises the level of expertise and the ability to see of the article. The usefulness of this article is to demonstrate that capitalism is creating a wealth gap between rich and poor.Park, J. (2015).

Climate Change and Capitalism. Consilience, (14), 189-206. Retrieved from http://www.jstor.org/stable/26188749 [Accessed 11 April 2019].Climate change and capitalism analyses the capitalism Impact on the environment pointing out the overusing of resources and the production of harmful rejection which may, on a long run, stifle the process of capitalism. Looking at the real cost of buying goods in such a system, it integrates the ecological dimension thereby demonstrating the unsustainability of capitalism.This academic article has been written by an undergraduate student of law which makes its reputation at a low level as its credibility considering the CRAVEN standards. However, as an undergraduate student, Park appears to be neutral into this article. Moreover, he does not have any vested interest which makes its work avoiding any bias.

Also, this piece of writing is supported by a strong corroboration; in fact, the argumentation is supported by 26 references. Finally, the consistency of the author argumentation is high as it follows a logical order. The relevance of this argumentation will be used to support the idea that capitalism is based on a short-term view.




Is capitalism a success?
Capitalism is the world's greatest economic success story . It is the most effective way to provide for the needs of people and foster the democratic and moral values of a free society. Yet the worst recession in decades has widely--and understandably--shaken people's faith in our system.
Is capitalism about making money?
Yes, capitalism is about making money. It is an economic system in which private individuals or businesses own capital goods and natural resources and produce goods and services for profit.
Is capitalism destined to fail?
No, capitalism is not destined to fail. It is a system that has proven to work and to be successful.
Why is capitalism not working?
No, Dec 25 is not a holiday in Vietnam.
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