Research Project Capitalism

Research Project Capitalism - How do Capitalism: A Love...

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How do Capitalism: A Love Story and Wall Street: Money Never Sleeps depict their view on capitalism? Regina Nieuwenburg Regina Nieuwenburg Prof. Dh. H. Schoenmakers November 14, 2010 British English – APA How do Capitalism: A Love Story and Wall Street: Money Never Sleeps depict their view on capitalism? Michael Moore's new film, Capitalism: A Love Story , depicts capitalism as what it is: a system that relies on the ruthless exploitation of the many by the few, who without shame plunder the savings of ordinary people and the treasury and put millions of people out of their homes. By the end of the documentary it is clear that capitalism is condemned as the cause, socialism is the solution. Soon after the credit crisis, also Oliver Stone shows in what kind of economical mess we are in . Discussion of Capitalism: A Love Story One year after the collapse of Lehman Brothers, a worldwide financial services firm, the American economy remains very weak. The official unemployment rate reached 10 percent, the number of redundancies since the recession began two years ago, bringing the total amount to seven million people. The number of people who were forced to take part-time jobs over the past year, because they could not find full-time jobs, increased by 50 percent, bringing the total amount up to 8.8 million people. In just one month in Michigan alone, yet another 25,000 factory jobs were lost. The state I
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How do Capitalism: A Love Story and Wall Street: Money Never Sleeps depict their view on capitalism? Regina Nieuwenburg now has an official unemployment rate of 15.2 percent. Health care remains the main concern for many American workers, since the average allowance for family hospital insurance got over 13.000 Dollar a year, offered by the employer. This growth in the amount of insurance money does not happen with the amounts of wages and inflation. Therefore fewer employers offer insurance, the once who do, mostly heavily rely on their workers. Also, these insurances are over-priced for the workers by the employers. The National Academy of Science has developed a new formula to accurately classify poverty and came to the conclusion that 15.3 percent of the American population lives in poverty, in contrast with the 12.5 percent indication by the old guidelines. These are 45.7 million people - equal to the total population of Spain. One of the most affected populations in America who live in severe poverty, are 6.8 million elderly people. Furthermore, people with mortgages who could not meet the monthly payments will result in the bank confiscating their houses. When this happens with whole villages, because too many citizens were put out of there houses, the village will turn in a empty ‘ghost’ town and the market value of the these houses will dramatically go down. Causing people without housing and the bank that will not get the needed money back from the confiscated houses; resulting in a negative spiral. For a handful of Americans it are the ‘golden years’, in contrast with the bigger part
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This note was uploaded on 02/07/2011 for the course SOCIAL SCI 143 taught by Professor Schoenmakers during the Spring '11 term at Roosevelt.

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Research Project Capitalism - How do Capitalism: A Love...

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