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Sample Essay on Capitalism and the Labor Market

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Sample Essay on Capitalism and the Labor Market

The idea of capitalism has gained momentum in contemporary times, forming the backbone of economic progression in all the economically strong nations. Countries such as Japan and the contemporary U.S have been built through capitalist tendencies. Every trade agreement and business agreement made in the current times bears features of the capitalistic tendencies as highlighted by. The features such as ubiquitous market exchange, separation of duties for owners’ property users and allocation of resources for profit gains all form part of the capitalist market today. Business reports as well as other economy related news in contemporary times all give an indication of capitalistic economies driven towards expansion into more profitable businesses.

In an article by Weinland; the nature of looming business is described with the caption “Anbang in $13bn bid for Starwood Hotels.” According to this article, the looming business involves the potential sale of the prestigious Hotels to the highest bidder (Weinland par. 6). The conditions under which the business will take place are primarily that there must be someone with an amount high enough for the current Hotel owners. This implies that there is pending competition for this sale with potential candidates all aiming at gaining profits once the sale has been made. While the article discusses the current situation on the ground effectively, it fails to give probable predictions on what the outcomes of the sale might be to the economy. This however does not mean that that information is unavailable. On the contrary, each individual who desires to allocate their personal resources into a business venture has to carry out intensive research into market situation in order to ensure that no loss occurs. This is also evidence in the reports received from the capital markets on Eurozone bond sales.

With rising sales of Eurozone bonds and rise in market rates across the globe the era of capitalism can be said to be at its peak. There is no longer the traditional feudal approach to markets which demanded that those who had presumably more fiscal responsibilities should have access to more wealth compared to others, neither is it necessary for those with more to distribute their wealth to others. The access top profitable markets are based solely on the availability of capital and on the nature of the potential business. The corporate Eurozone bond sales is a typical example of the capitalistic market tendencies where trade requires a market system based on a monetary foundation and with clearly defined financial constraints. The article on the sale of Eurozone bonds fails to effectively project what the outcomes of these rushed sales would be in the immediate future as well as in the long run (Jackson and Joel par. 4). However, it succeeds at depicting the eurozone bond market as a significantly capitalistic system where the distinction between the owners and the workers is clear. While workers give information about the profitability of the bonds, it is the owners who eventually make the purchases due to lack of capital among the workers.

Each individual who feels dissatisfied with their status is free to find other means of survival. As president Obama confirmed, sometimes it may be necessary to change policies for the benefit of all. Change of policies is indicative of the desire to gain more from the business entered into. This is described as being due to increased needs. Considering policies such as those developed by President Obama to create plans for drilling oil in the Atlantic makes it possible to make right decisions even though one may not be initially well informed. The article goes a long way in explaining the reactions of various people towards the policy changes and how adamant the president has been to change them to suit the needs of others. The implication of this decision has also been elaborated to be potentially beneficial for an economy (Jopson par. 4). Another article that clearly depicts the current capitalistic tendencies is Lisa Pollack’s report about the Japanese labour market changes in which she asserts that the changes have led to various social imbalances that may be difficult to undo (Pollack par. 1). The report does effectively describe the deviation from the capitalist labour system and the probable impacts on the Japanese labour market. From my perspective, this article is well done and does sufficiently evaluate the issue at hand.

 

 

 

 

 

 

 

 

 

Works Cited

Jackson, Gavin and Joel Lewin. “Eurozone corporate bond sales heat up”. The Financial Times. The Financial Times 15th March 2016. Web. 15 March 2016.

Jopson, Barney. “Obama axes plan for oil drilling for U.S Atlantic Coast”. The Financial Times. The Financial Times 15th March 2016. Web. 15 March 2016.

Pollack, Lisa. “The Legacy of the Japanese Salaryman”. The Financial Times. The Financial Times 15 March 2016. Web. 15 March 2016.

Weinland, Don. “Anban’g joins queue to gate- crash deals”. The Financial Times. The Financial Times 15th March 2016. Web. 15 March 2016.

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