User:WillyT17/Criticism of capitalism

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According to Marx, the "capitalistic era" according to Marx dates from 16th-century merchants and small urban workshops.

Some people continue to defend Trickle-down theories, which assume that economic growth, when encouraged by a free market , will inevitably succeed in bringing about greater justice and inclusiveness in the world, are still defended by some people.

Surveillance:

"The rise of information technology brings about many issues with regard to privacy and surveillance. Privacy and surveillance are often presented as counterpoints when discussing issues of personal information and new technology. Privacy has been defined as the ability to control what information about oneself is available to others." New information technologies continuously create conflict between privacy, the control over personal information disclosure, and surveillance.

"Power now operates through the coupling of control and freedom. Although ideologies and practices of freedom and control are not new, the coupling of these terms is uniquely tied to information technology and our current political situation. Control-freedom, which is intimately experienced as changes in sexuality and race, is a reaction to the increasing privatization of networks, public services and space, and to the corresponding encroachment of publicity and paranoia into everyday life."

'''In a current capitalistic society, power is harnessed through a combination of both control and freedom. This fusion of control and freedom, seen through changes in sexuality and race, is a response to the growing privatization of data, networks, public services, and physical spaces, and also to the simultaneous entry of publicity and paranoia into people's lives.'''

Racism:

'''Many theorists believed that a capitalistic free-market is the best remedy possible for racism in a functioning society because even if some business owners engaged in discriminatory wage practices targeting minority ethnic groups, entrepreneurs would take advantage of getting a equally-capable worker for a lower cost, ultimately boosting the company or business as a whole. According to Jim Sidanius and Felicia Pratto, despite the fluidity of this theory, reconciling the free market theory with the observed data presents challenges, as those who are in support of free market capitalism also often exhibit a higher likelihood of discriminating against ethnic minorities.'''

Supply and Demand: