Purpose
The is topic will enable you understand and to explain away the active engagement of people with the economy, namely capitalism, and its varying impacts on the lives of Americans.
Directions
The initial post and the comments have different due dates. Please pay attention to the different due dates.
Part 1: Initial Response
Watch the following videos to help you with the assignment:
Watch this video. Pay attention to the working concepts and definitions:
Introduction to Income and Poverty in the United States [Length 1:31]Links to an external site.
Watch this video:
How Poor People Survive in America [Length 42:26]Links to an external site.
The capitalist economy has triumphed over all other economies largely because of its resilient via innovation and adaptation. However, the outcome is that the inherent contradictions of capitalismLinks to an external site. (people are working but with their frugality, they can't make ends meet) has engendered social problems that were unimaginable a few decades ago. In this discussion, using paragraph breaks, I want you to:
- Identify 2 characteristics of capitalism
Identify and explain an emergent contradiction of any of the characteristics drawn from the video.
- Part 2: Comments
React to a post by a fellow student. The post must be substantive, meaningful and adds value to the discussion. Do not hesitate to ask critical questions to stretch our thinking. Start by reading several of the posts by fellow students. Compare (and/or contrast) your experiences with a fellow student(s). Conclude by sharing your insights gained from the discussions, namely the extent of your consciousness raising about social life--what did you think you knew, but now know differently.