the winning of capitalism1

7/29/2019 The Winning of Capitalism1

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THE WINNING OF

CAPITALISM

MEMBERS :1. Reza rezeki ( 20100510187 )

2. Juniar laraswanda .u. ( 2010510188 )

3. Nurjannah ( 2010510192 )


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THE MEANING OF CAPITALISM

Capitalism or capital is anunderstanding which believes thatcapital owners can make an effort to

achieve maximum profit. For sake ofprinciple, the government cant

intervene in order to gain multimarket

together but government interventionmade massive profits personal interest.


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However , capitalism does not really have auniversal definition that can be widely accepted.Some expert define capitalism as a systemwhich come into force in Europe in the 16th

century until 19th century, namely thedevelopment of commercial banking in Europewhere a group of individuals and groups act as aspecific entity that could have or trade property

Personally, especially capital goods, such asland and human beings in order to process thechange of capital goods into finished goods.


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PRINCIPALS

Private ownership

Capital accumulations, no limitations.

Land, money, gold, goods (producer good)

Free market / laizes faire

Free competitions

No intervention (from government)

No monopoly

Demand and supply law

No privileges

Profit

Free of choosing job, doing trade, and holding contract.


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PHILOSOPHY OF CAPITALISM

PERSPECTIVE

Capitalism is one of the patterns of humanperspective in all economic activities. Itsgrowth does not always move yowardpositive as many people imagine but up

and down. Critique of capitalist existenceas a form of oppression of the lower classesof society is one of the factors that causethis flow has been criticized. However, not

only cristicism that threaten capitalism butalso other ideologies that want to eliminateit like communism.


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The Classic Capitalism

The government dominates the field of trade for

centuries but was instead led to economicinequality. These thinkers began to believe thatthe bourgeois, who in the previous era beganplay an important role in the economy ot thestate-dominated trade better known asmercantilism, should begin to conduct trade andproduction petterns to support community life.Some experts include


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ADAM SMITH

Born in Kirkcaldy, Scotland.The date is unknown, but hewas baptised in June, 1723).

Entered Glasgow Universitysince 15 years old.

Studied moral philosophy

Books: An inquiry into theNature and Causes of theWealth of Nations. (1776).


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Adam Smith is the classical capitalist economicfigures who attacked mercantilism which heconsiders less supportive of economic society. Heattacked the psiokrat which considers the soil issomething that is most important in the productionpattern.

The movement of production to be moved accordingto the concept of MCM (comodity-Money-Capital,

capital-commodity-money), which became a matterthat will not stop because the money will shift intomore capital and will spin again if invested.


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CAPITALISM

Capital : the one of the factors of productionsalong with land and laborwhich is expressedin term of money and producer goods

Definition : an economic system in which the

means of production are mostly privately ownedand operated for profit, and in whichdistribution, production and pricing of goodsand services are determined in a largely freemarket. It is usually considered to involve the

right of individuals and groups of individualsacting as "legal persons" or corporations to tradecapital goods, land, and money


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Adam Smiths view that there is hidden force which

will regulate market (invisible hand), then themarket should have a laissez-faire or freedom fromgovernment intervention. The government onlyserved as supervisor of all work perormed by people.

Generally acknowledge as the founder of classicalpolitical economy. He gave special emphasis on thedivision of labor as a cause of increased productivityand prosperity. Smith treatment of the wages, rental

income and more questioned. Value, he is determinedto maintain wages, profits and rents.


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AMERICA IS CAPITALIST ECONOMY

In every economic system, entrepreneurs andmanagers bring together natural resources, labor ,and technology to produce and distribute goods andservice. But the way these different elements areorganized and used also reflect a nations political

ideas and its culture.

The United States is often described as acapitalist economy, a term coined by 19th century

German economist and social teorist Karl Marx todescribe a system in which a small group of peoplewho control large amounts of money, or capital,make the most important economic decision.


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THE HISTORY OF CAPITALISM IN

INDONESIA

As we know, Indonesia use 100% capitalism system.In other hand western country use mixed economywhich is a blend of socialism and capitalism.

Based on Indonesia socialism book written by sutansjahrir 1956:

Even where socialist are not in power, there areindication of a transitional situation developing.Liberal capitalism is being replaced by a mixedeconomy with state interference and there is alsocollective property.


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IMPLEMENTATION KAPITALISM SYSTEM IN INDONESIA


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In fact traces of capitalism in Indonesia can betraced when Indonesia began to enter the eraof the new order government. New order

government began in march 1966. orientationof the new order government was contrary tothe previous era. New order more pro-westernand far from the policy of communist ideology


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Bibliography

Books Macridis, C. Roy,

Contemporary Political

Ideology little, brown andcompany Boston, Toronto

Capitalism : law ofaccumulation, 101: law ofpauperization, 101-103,

Marxs critique Anthony Brewer, DAS

KAPITAL KARL MARX(1984). Pengantar p.16

Site www.wikipedia.com/captalism

www.publicjurnal.com.sg

www.thesecretofpolitics.com.nz

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