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Capitalism "The Golden Monster"
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Capitalism "The Golden Monster"

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  • 1. “The Golden Monster” widely known as the Capitalism Jamil Al-Khatib Al- Uwe Freidank
  • 2. Because the sheep is a sheep, the wolf is a wolf. Old Arabic saying Reicher Mann und armer Mann standen da und sah’n sich an. Und der Arme sagte bleich: Wär’ ich nicht arm, wärst du nicht reich. Berthold Brecht
  • 3. Structure Definitions History, Evolution and Today Concepts Capitalism’s effects Social effects Economical effects War Creativity effects Suggested Solution / Alternatives Open Discussions / What do you think?
  • 4. What is capitalism? economic system in which private individuals and business firms carry on the production and exchange of goods and services through a complex network of prices and markets. Encarta markets. a combination of economic practices that became institutionalized in Europe between the 16th and 19th 16th 19th centuries, especially involving the right of individuals and groups of individuals acting as quot;legal personsquot; (or corporations) to buy and sell capital goods such as land, labor, and money, in a free (meaning, free from state control) market, and relying on the enforcement by the market, state of private property rights rather than feudal obligations. wikipedia
  • 5. History of Capitalism Earliest forms known as “mercantilism” => distribution of goods to realize a profit Originate in Rome and the Middle East Trade routes between 3 great empires: Egypt, Persia, and later Byzantium Islam spread to Northern Africa, Spain, the Middle East and Asia = global character
  • 6. Evolution of Capitalism in Europe Between 16th – 19th Europe was 16th 19th dominated by Concept of Feudalism Low class people looked for freedom from this system Solution: A system based on the Mercantilism developed to be the Capitalism (Adam Smith) (Adam Smith) Industrial Revolution in 19th 19th
  • 7. Today Technology Revolution Scientific Revolution Service Revolution Globalisation / International Communication Almost everything generats money and creates markets / New branches of products and services
  • 8. Concept Total free market Controlled by supply & demand to reach stability Capital, labor … should be used freely and transferred easily No governmental intervention Only the best can remain in the market Fundamentally individualistic
  • 9. Social effect Individuality Different social groups People work for wages rather than for product Crimes / Fraud / Immorality Environment Consumerism / Over consumption Living under debit Unemployment Health insurance
  • 10. Economical effect Monopoly as the best case Inefficiency in products/services Capital travel Free market Unemployment Money cycle
  • 11. Capital travel Free trade & Globalization Effects on the rich countries The investments travel from one country to another to reduce its costs The capital moves between countries in a cycle
  • 12. Money Cycle Why Capitalism money cycle looks like a spiral Loans with interests Corporate personalities Limited liabilities Anonymous responsibility/Share holders
  • 13. War and capitalism War on Iraq: America is unwilling to listen to the French, the Russians, and the Chinese French troops in the Ivory Coast Russian army in Chechnya Chinese ethnic cleansing of Tibet
  • 14. Effects on Creativity What does Patent mean? Patent is a tool to protect the inventors Registration process / fees What can be registered
  • 15. Patents and Capitalism Patent office funds What can be patented The objective of current patents Prevent others from implementing the designs Patents suits
  • 16. CIVILIZING SOCIETY, The Annual FEASTA Lecture, Dublin, Ireland July 4, 2000 by by David C. Korten
  • 17. Suggested Solutions / Alternative Get rid of the individuality and think beyond your personal needs. Our basic human needs for food and shelter are more easily obtainable than ever before, why don’t help others? Pioneering Altruism as a viable Social Norm Fair Trade / Free Market
  • 18. Conclusions Money should be used to produce, and NOT only produce to get money Any money generation that does not produce anything for humanity should not be gained or used Inefficiency of the capitalism system Instability of the system
  • 19. What is your Opinion? Open For discussion