The Capitalist Theory

Topic 

The Capitalist Theory

Instructions 

Read:

  1. US President Donald Trump, Speech to Congress, Feb 2017 (begins 1.09.00).

https://www.youtube.com/watch?v=JOSaIvkDO6g&feature=youtu.be&t=4140

  1. Chinese President Xi Jinping delivers keynote speech at WEF opening ceremony.

https://www.youtube.com/watch?v=dOrQOyAPUi4

Points to review:

  • How do you think Donald Trump would reply to Xi Jinping’s points?
  • How might Xi Jinping justify globalization to a US audience?

Answer Preview 

Currently, we are experiencing a decline in global capitalism because the gap between the upper class, the middle class, and the working-class continues to widen. The two articles, as opposed to “Global War On Terror” demonstrate the declining capitalism. According to Fulcher (2004) in the article “capitalism”, there was a drastic increase in capitalists during the 1980s and 1990s, creating high income for the working class. As a result of continued growth in capitalism, an upper-class individual in the United States earns about 560 times higher than the national average (McNally, 2009). This is against the case of 1970 when the richest earned 100 times higher than the national average.

Word Count: 450