I thank all the people who have helped me during these 8 months to gather all the information that has helped me to build up this thesis.
I would also like to thank all the people who helped me with the survey, Econ. Jorge Rodriguez, who clarified all my doubts, and shared his personal point of view about capitalism and other factors that areessential to construct a clear dissertation.
I want to thank Mrs. Vicky Weber for correcting my paperwork and always guide me to follow a path which would lead me to success.
TABLE OF CONTENTS
MY SURVEY (REPORT OF THE SURVEY)
MY INTERVIEW (REPORT OF THE INTERVIEW)
INTRODUCTIONCapitalism maintains a breach among social classes
Capitalism is the evolution of a series of economic systems that have failed, and it drags some of the problems that the previous economic systems have suffered. Mercantilism is one of the main bases of capitalism, and it severely splits high and low classes, in fact, Capitalism stress the difference it has from application on real life, and itstheories.
My goal was to prove and support this hypothesis with information that could remark the main problems and impact that an economic system can take over a society in general, and specifically, our Ecuadorian society.
In order to achieve this, the first step was to gather secondary information from sources that were trustable and had a clear and precise data about capitalism. Then, a survey wasdone to males and females aged 20-50 years old, who had worked at least once and felt the experience of living capitalism themselves.
This information was pretty general, so then I interviewed an Economist who could clear any doubt that I got on the research, and give some of his personal opinions about capitalism.
* By Merrian Webster Dictionary:Economic system based (to a varying degree) on private ownership of the factors of production(capital, land, and labor) employed in generation of profits. It is the oldest and most common of all economic systems and, in general, is synonymous with free market system
* By BusinessDictionary.com
Economic system based (to a varying degree) on private ownership of the factors ofproduction(capital, land, and labor) employed in generation of profits. It is the oldest and most common of all economic systems and, in general, is synonymous with free market system.
* By Yourdictionary.com
An economic system in which all or most of the means of production and distribution, as land, factories, communications, and transportation systems, are privately owned and operated in a relatively competitiveenvironment through the investment of capital to produce profits: it has been characterized by a tendency toward the concentration of wealth, the growth of large corporations, etc. that has led to economic inequality, which has been dealt with usually by increased government action and control
* By BusinessDictionary.com
Status hierarchy inwhich individuals and groups are classified on the basis of social esteem and prestige acquired mainly through economic success and accumulation of wealth. Four common social classes (in their descending order) are: (1) Upper class, (2) Middle class, (3) Working class, and the (4) Lower class.
* By Marketing & Web.com
Representation of the social standing one has within a society based on such factors as income level,education, occupation.
* By Oregon State University
People having the same rank in a system that differentiates people from high to low
History of Capitalism
Capitalism is a difficult, problematic term; it applies to a diversity of phenomenon spread across disparate historical cultures with substantially variable world views. However, the term is an Enlightenment European term used to...