Do you think 21st century will be the century of capitalism ?

Jump to Last Post 1-9 of 9 discussions (14 posts)
  1. icv profile image54
    icvposted 4 years ago

    Do you think 21st century will be the century of capitalism ?

    https://usercontent1.hubstatic.com/8898794_f260.jpg

  2. dashingscorpio profile image87
    dashingscorpioposted 4 years ago

    The private sector will maintain capitalism in the U.S. and the government will continue "encourage" and subsidize businesses to boost the economy. Consumers will always be the backbone.
    Having said that every country's government has and will maintain some social programs to aid it's poor and elderly. Governments aren't out to earn a profit. Their primary goal is to be able to pay for their programs, the nation's infrastructure, and military. The stock market isn't going away anytime soon. World economies rely on each other.
    Entrepreneurship will continue to be alive and well. Billionaires/ millionaires are getting younger with each new generation.
    The 21st century will be the century of the "adaption economy". The heavy industrial and manufacturing age has passed. Most of those jobs have been outsourced to developing countries. The "information age"  and high tech driven business are leading the way in the major developed countries. People who refuse or resist adapting to changes in the world economy will be left behind and feeling bitter.

    1. icv profile image54
      icvposted 4 years agoin reply to this

      glad to read your replay. yor answer is smoeting a different ideology. thanks

  3. gmwilliams profile image81
    gmwilliamsposted 4 years ago

    https://usercontent2.hubstatic.com/8899015_f260.jpg

    The 21st century will be the century of capitalism.  Capitalism is what fuels the economy, create jobs, and a higher qualitative standard of living.  Capitalism is what fuels entreneurship to create new avenues of doing things which in turn advances the economy.   

    Without capitalism, the economy as we know would not advance and would remain stagnant.   Capitalism is the best economic system there is, particularly in the United States, Canada, and Britain.    I would add to like that capitalism in the 21st century will advance and evolve to include more and more technology.   An advanced level of technology expertise is needed to thrive in a 21st century capitalistic society.   Those who major in computers, technology, and related technological systems will be highly successful in the 21st century.    The idea of thriving in 21st century society is to be highly savvy regarding technology and to be highly adaptative to changes.    Those who are not technologically savvy will be the new poor and new underclass.

    1. icv profile image54
      icvposted 4 years agoin reply to this

      thanks for your interesting answer. Now, communist China too opened their economy. They adopted its economic reforms from 1978 onwards. Similarly all other countries are opening or liberelizing their  economies.

  4. raymondphilippe profile image83
    raymondphilippeposted 4 years ago

    No. Not the form of capitalism that puts shareholder value and short term profits as their focus of attention. That i think is not sustainable.

    1. icv profile image54
      icvposted 4 years agoin reply to this

      you are thinking differently from a general view.  can you explain why?

  5. chef-de-jour profile image97
    chef-de-jourposted 4 years ago

    Global Capitalism is arguably just another name for diplomatic colonialism, whereby the bigger and more aggressive countries get to have their brand name all over the streets of el mundo, providing jobs for the locals but sucking huge profits back into corporate HQ accounts. Sometimes these capitalist giants can even negotiate tax breaks from governments eager to keep their economies stable (take the UK with regards to Google and Amazon for example). Tax avoidance is also available!
    This is all well and good and perhaps just another form of exploitation we'll have to put up with for a few decades but what gets me is the role of the banks in all this race for pure profit at the expense of human values type of scenario. I mean, the banks seem to be ruthless, carefree and a bit 'casino like in their attitude to the stock markets and trading rates. In some cases the banks have been guilty of recklessness and simple cloak and dagger style business strategies. They've rigged rates of exchange. They get away with murder and no-one pays the price!
    By having their goods and wares manufactured or at least put together or maybe even sourced in countries where labour is cheap and plentiful the capitalist economies will continue to prosper. These established 'old world giants' (USA, Germany, UK, France, Japan) however will have increasing competition from the likes of China, Brazil and India who are now playmakers on the global stage. Old worlders will have to adapt quicker and diversify, or join together with others a la Europe to form pacts and build allegiances. It's all very bewildering.
    Thankfully still alive and just kicking are the smaller companies and businesses trying to be honest and hardworking and ethical whilst the corporate and larger private bodies, in some cases, do exactly the opposite! All we can hope for is deeper and more sane democracies to help keep the peace whilst capitalism works away at keeping most of us fed and healthy.
    I don't much like capitalism as a concept because it breeds greed, arrogance and fear, and allows the fat cats to prosper but it'll do for now, until the next revolution!!

    1. icv profile image54
      icvposted 4 years agoin reply to this

      thanks for elaborative and interesting replay. from your words it is clear that capitalism never work for welfare.

  6. LandmarkWealth profile image79
    LandmarkWealthposted 4 years ago

    It's hard to know for sure what the future holds, but overall the world is embracing more a more the concept of open markets.  The World Bank's data shows that global poverty has declined by about 80% since the early 70's as the once restricted markets around the world have begun to open up to free trade.  On the contrary, nations that have long embraced open markets such as Europe and the US have become less competitive in many ways.  This is somewhat expected as the more global competition there is, the harder it will be to take a leadership role.  But one thing is certain, no system ever designed by man has lifted as many people from poverty as that of an economic system which embraces free trade, which is the essence of capitalism.

    Ultimately, the aggregate of the masses control their own fate. If they embrace the centrally planned entitlement state, they will learn the same lessons that have been learned over and over again. Unsustainable fiscal policies, declining productivity and weakened purchasing power.   If they embrace an economic system that engages largely in free and open markets, they accept the opportunity to succeed.

    1. icv profile image54
      icvposted 4 years agoin reply to this

      thanks for your answer. your answer is highly based on facts.... thanks

  7. theman6007 profile image59
    theman6007posted 3 years ago

    We live in a pluralistic society with a combination of socialism and capitalism, as many other societies. If conservatives win the house,senate,and the presidency in 2016, a lot of social programs will be eliminated for the next four years. And the cycle will repeat every four years. So Americans will always be in limbo

  8. pramodgokhale profile image45
    pramodgokhaleposted 3 years ago

    west has matured capitalism and no more scope for  further up gradation
    .The world is segregated in east-west, rich-poor,large-small , landlocked nations and island states and so many.
    If globalization goes for useful interdependence then it will grow. Multi cultural situation and differences would be settled and wealth creation and distribution is a key factor .
    Uni polar America has a role on the earth and their capitalism was engine to world economy. this engine is not firing all cylinders now and new engines China ,India are also driving world economy.
    Poverty,illiteracy are companions and unless communities come out of
    curse then world will remain divided in  developed and underdeveloped.
    Capitalism with human face, is it possible? if so welcome. CSR , corporate social responsibility is in force and improving life of people but only possible in democratic nations.
    Freedom of speech is a gift and very few in the world enjoy it. Non-democratic nations and their people do not have this privilege.
    pramodgokhale

  9. profile image53
    ragini yadavposted 23 months ago

    21st century ,will be  capitalism economy because so much changes has been happen last decade .During the social media war it has been given priority to making capital.Also by online service provider making money  is easy. .

 
working

This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

Show Details
Necessary
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Features
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Marketing
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Statistics
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)