Capitalism of the Twenty-First Century
This paper explores two works: Robert Reich's text, "The Work of Nations" and a PBS online video presentation, "Wal-Mart: Is It Good for America?"
# 101753 | 1,806 words | 2 sources | MLA | 2008 |
Published on Feb 29, 2008 in Economics (International) , Business (General) , Economics (Globalization)
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The paper looks at the thesis of both Robert Reich's text, "The Work of Nations" and a PBS presentation "Wal-Mart: Is It Good for America?" and examines the manner in which the theses are substantiated as well as the objectivity of the works. The writer shows how both writers present similar theses and that each presents facts in a manner that support their underlying arguments. The paper concludes that both sources offer insight into the dark realities of twenty-first century capitalism, although only Reich offers definitive solutions.
From the Paper:"Robert B. Reich's text on what the twenty-first century portends is remarkably prescient in light of the fact it was completed by its author at the dawn of the 1990s. Overall, Reich appears to take the view that the old phenomenon - one which dates back to the nineteenth century - of the individual standard of living rising or falling in concert with the economic performance of the nation's largest business organizations is no longer taking place. Instead, technology, money, jobs and ideas are flowing more easily than ever across national borders and from one part of the globe to another. As a result, national corporations are losing whatever national identity they might once have had as the profit-maximization potential of the global workplace manifests itself."
Sample of Sources Used:
- Reich, Robert. The Work of Nations: Preparing Ourselves for 21st-Century Capitalism. New York: Alfred A. Knopf, 1991.
- Young, Rick. Taking the Hits. Part 5 of Is Wal-Mart Good for America? Produced by Rick Young & Hedrick Smith. 60 minutes. PBS Video, 2004. Online.
Cite this Comparison Essay:
Capitalism of the Twenty-First Century (2008, February 29) Retrieved January 27, 2023, from https://www.academon.com/comparison-essay/capitalism-of-the-twenty-first-century-101753/
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