Christoper XIIA4/11
Development in Third World
As we know, people who lived in third world must decided to join with the first world or the second world. If I am in third world, I will think clearly want to join with who. If I join the capitalism country, maybe I and of course my country will fast develop. We can see it in country at Europe, they had develop. But, I will see my country potency before join with capitalism country. We can see it in country where I live, Indonesia. Indonesia has a potency to develop but it seem difficult because many people in Indonesia still live in poverty. But we can make it changes if we willing. As people who lives in third world, I want to make teamwork with country which has potency to help my country develops. We can't just sit, we must decide who will we join to. Capitalism is an economic system based on private ownership of the means of productionand their operation for profit. Characteristics central to capitalism include private property, capital accumulation, wage labor, voluntary exchange, a price system, and competitive markets. In a capitalist market economy, decision-making and investment are determined by every owner of wealth, property or production ability in financial and capital markets, whereas prices and the distribution of goods and services are mainly determined by competition in goods and services markets. Economists, political economists, sociologists and historians have adopted different perspectives in their analyses of capitalism and have recognized various forms of it in practice. These include laissez-faire or free market capitalism, welfare capitalism and state capitalism. Different forms of capitalism feature varying degrees of free markets, public ownership, Obstacles to free competition and state-sanctioned social policies. The degree of competition in markets, the role of intervention and regulation, and the scope of state ownership vary across different models of capitalism. The extent to which different markets are free as well as the rules defining private property are matters of politics and policy. Most existing capitalist economies are mixed economies, which combine elements of free markets with state intervention and in some cases economic planning. Market economies have existed under many forms of government and in many different times, places and cultures. Modern capitalist societies—marked by a universalization of money-based social relations, a consistently large and system-wide class of workers who must work for wages, and a capitalist class which owns the means of production—developed in Western Europe in a process that led to the Industrial Revolution. Capitalist systems with varying degrees of direct government intervention have since become dominant in the Western world and continue to spread. Over time, capitalist countries have experienced consistent economic growth and an increase in the standard of living. Critics of capitalism argue that it establishes power in the hands of a minority capitalist class that exists through the exploitation of the majority working class and their labor; prioritizes profit over social good, natural resources and the environment; and is an engine of inequality, corruption and economic instabilities. Supporters argue that it provides better products and innovation through competition, creates strong economic growth, and yields productivity and prosperity that greatly benefits society as well as being the most efficient system known for allocation of resources. It makes a sense that capitalism country such as Europe develops quickly. There is it, I can join them or not to join will see what potency can they help to our country. But, without join to capitalism, there are still corruptor in Indonesia. Because of that, the economy system will go on if our people want to make a change with iit. Capitalism is full held by private government. That's why i little bit don't agree with capitalism. Indonesia must think twice before join capitalism. For the next generation I will leave many technology so they can develop as fast as developed country. First, the people of the country must join to make a change of the technology they have. The future is coming, so many of new technology that useful for people are needed. This country, Indonesia must change for its people and things. Indonesia should think before join to capitalism or other systems. Indonesia still has its own economy system called Pancasila economy system. We as the next generation must make a change for this world. The third world such as Indonesia can't join to the first world or second world because of its people don't want to move. We can see that from our economy which still in mess condition. So, Indonesia and other country which still in third world must work together to make a change for better world. Capitalism perhaps show us something interested. But, I think Indonesia can't join capitalism now. That's all my opinion and some fact, wish that can help us to the future.
Development in Third World
As we know, people who lived in third world must decided to join with the first world or the second world. If I am in third world, I will think clearly want to join with who. If I join the capitalism country, maybe I and of course my country will fast develop. We can see it in country at Europe, they had develop. But, I will see my country potency before join with capitalism country. We can see it in country where I live, Indonesia. Indonesia has a potency to develop but it seem difficult because many people in Indonesia still live in poverty. But we can make it changes if we willing. As people who lives in third world, I want to make teamwork with country which has potency to help my country develops. We can't just sit, we must decide who will we join to. Capitalism is an economic system based on private ownership of the means of productionand their operation for profit. Characteristics central to capitalism include private property, capital accumulation, wage labor, voluntary exchange, a price system, and competitive markets. In a capitalist market economy, decision-making and investment are determined by every owner of wealth, property or production ability in financial and capital markets, whereas prices and the distribution of goods and services are mainly determined by competition in goods and services markets. Economists, political economists, sociologists and historians have adopted different perspectives in their analyses of capitalism and have recognized various forms of it in practice. These include laissez-faire or free market capitalism, welfare capitalism and state capitalism. Different forms of capitalism feature varying degrees of free markets, public ownership, Obstacles to free competition and state-sanctioned social policies. The degree of competition in markets, the role of intervention and regulation, and the scope of state ownership vary across different models of capitalism. The extent to which different markets are free as well as the rules defining private property are matters of politics and policy. Most existing capitalist economies are mixed economies, which combine elements of free markets with state intervention and in some cases economic planning. Market economies have existed under many forms of government and in many different times, places and cultures. Modern capitalist societies—marked by a universalization of money-based social relations, a consistently large and system-wide class of workers who must work for wages, and a capitalist class which owns the means of production—developed in Western Europe in a process that led to the Industrial Revolution. Capitalist systems with varying degrees of direct government intervention have since become dominant in the Western world and continue to spread. Over time, capitalist countries have experienced consistent economic growth and an increase in the standard of living. Critics of capitalism argue that it establishes power in the hands of a minority capitalist class that exists through the exploitation of the majority working class and their labor; prioritizes profit over social good, natural resources and the environment; and is an engine of inequality, corruption and economic instabilities. Supporters argue that it provides better products and innovation through competition, creates strong economic growth, and yields productivity and prosperity that greatly benefits society as well as being the most efficient system known for allocation of resources. It makes a sense that capitalism country such as Europe develops quickly. There is it, I can join them or not to join will see what potency can they help to our country. But, without join to capitalism, there are still corruptor in Indonesia. Because of that, the economy system will go on if our people want to make a change with iit. Capitalism is full held by private government. That's why i little bit don't agree with capitalism. Indonesia must think twice before join capitalism. For the next generation I will leave many technology so they can develop as fast as developed country. First, the people of the country must join to make a change of the technology they have. The future is coming, so many of new technology that useful for people are needed. This country, Indonesia must change for its people and things. Indonesia should think before join to capitalism or other systems. Indonesia still has its own economy system called Pancasila economy system. We as the next generation must make a change for this world. The third world such as Indonesia can't join to the first world or second world because of its people don't want to move. We can see that from our economy which still in mess condition. So, Indonesia and other country which still in third world must work together to make a change for better world. Capitalism perhaps show us something interested. But, I think Indonesia can't join capitalism now. That's all my opinion and some fact, wish that can help us to the future.
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