Sample Sociology Essays on Global Capitalism

Your name,

Your address,

26th, February 2018.

Dear (name of the child),

Hope you are well. I am writing this letter to inform you about the effects of global capitalism to children like you and to the next generations. Global capitalism is defined as an interexchange of of a variery of phenomena such as technology, finance, as well as trade in one market that leads to conmecting dissimilar cultures together. As such,  young people today are growing up as being at the forefront of social and economic change. They may not necessary control change, but form the largest percentage of consumers of the changes taking place. Today global capitalism has taken a new form particularly due to the introduction of the internet. The first form of global capitalism came into history during the industrial age when European nations such as Britain sort to develop their economic powers. With time, their quest introduced the phenomenon of colonialism. According to Loomba (2015), “colonialism was the passage through which capitalism was able to expand globally” (57). The expansion of capitalism beyond colonialism saw the decline of segregation in terms of race or religion as societies became interdependent thus introducing postindustrial age capitalism.

Since the turn of the century, the world has been seen termed as a global village as indicated by Ratcliffe (2004). More individuals have become more aware of what is happening around the world a factor that has seen a significant decrease of issues such as gender, religious as well as racial segregation in different areas. This goes in support of the Marxist theory of alienation considering the expansion of the global market. Additionally, global capitalism has seen the birth of new business phenomena such as human resources outsourcing as well as the expansion of the global market. Today an individual in Asia has an opportunity to land a job in Africa Just as much as an African has to do the same in the USA.

Despite the positivity, global capitalism has been blamed on some of the global conflicts in the world today. The instabilities in Tunisia, Libya, Iraq, Egypt, as well as Syria are all a result of global capitalism. As indicated by Smith (2006) the notion of Muslim states having nuclear warheads has seen been presented as a threat to cultural hegemony by western nations.

 

Yours friendly,

Your name

References

Baylis J., Smith S. (2006).The globalization of world politics: An introduction to international relations: Oxford University Press, New York, 2005. Panoeconomicus53(1), 105-108.http://scindeks-clanci.ceon.rs/data/pdf/0032-8979/2006/0032-89790601105F.pdf

Loomba, A. (2015). Colonialism/postcolonialism. Routledge.

Ratcliffe, P. (2004). Race Ethnicity And Difference: Imagining The Inclusive Society: Imagining the Inclusive Society. McGraw-Hill Education (UK).