Many sociologists argue that large numbers of Americans are dissatisfied with the U.S. political system today because even though capitalist economies derive more wealth than any other economies in the world, the wealth of America is unevenly distributed.
<h3>What is capitalism? </h3>
Capitalism is an economic system that relies on private ownership of the means of production and their commercial application. Key elements of capitalism include capital accumulation, competitive markets, the pricing system, private property, the recognition of property rights, voluntary exchange, and wage labour. Owners of wealth, real estate, the ability to move capital, and production capacity in a capitalist market economy govern investment and decision-making, even though competition in the markets for goods and services has a significant impact on pricing and the distribution of goods and services. Economists, historians, political economists, and sociologists have all examined capitalism from different angles and recognised various forms of it in daily life.
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Answer: Well the railroads made it possible for urban cities to get food and fuel other needed materials.
Explanation: When railroads came in it allowed more things to come and go through cities making it perfect for distributing needed goods for the people who lived there and nearby.
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Answer:
Friedman's prediction turned out to be wrong, in part because he failed to recognize that globalization is also accompanied by multiculturalism.
Explanation:
Globalization does not necessarily lead to cultural loss and it is not a cure for other cultural differences and differences in world view. The acceptance of some elements of Western consumer culture as represented by McDonald's does not mean that there still do not exist other profound differences or that the countries will automatically overcome their differences. McDonald's can be accepted by the local culture but it is adopted into the local city or town in different ways that do not necessarily supplant other local businesses and the local lifestyles.
