Economic Ideologies Response Paper Requirements:
Some pundits, academics, and politicians often talk about the “unintended consequences” of global capitalism. Others argue that there is nothing unintended about capitalism’s consequences – that those in power are fully aware of the potential results, including financial crises like the one that shook the global economy in 2008 and continues to plague people’s of all nations (Naomi Klein makes such an argument).
In a succinct, clearly written, three-page double-spaced essay that uses multiple historical examples from not only Klein, and Fulcher but from other readings, lecture notes, answer the following question:
Why has the capitalism/socialism debate been so divisive?
(Compare and contrast pros and cons of capitalism and socialism)
Use the 2008 financial crisis and the ensuing global recession as a starting point for a discussion of the historical and very contentious “consequences” of and responses to capitalism – arguably one of the most defining historical processes of the modern era.
(Discuss “unintended consequences” vs “intended consequences”)
Sources requirement:
At least 2 sources from our textbook “A Very Short Introduction — Capitalism”
At least 4 sources from Common Readings. (2 sources from Klein)
At least 2 examples from lecture notes.
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