Capitalism inequalities in the nation-states
Capitalism brings a lot of inequalities in the nation-states, mostly based on capital ownership. Capital in capitalists’ nations circulates among those people with power (AMICO, 2020). In essence, those who have excessive force are at a better place of enjoying enormous financial returns. Inequality exists in energy and capital circulation.
Inequality in modern capitalism between the 1500s and 1600s
The aspect of capitalism increased and marginalized those in the lower economic classes with minimal power (Hodgson, 2020). Inequalities based on social structures increased to the point that affiliation regarding race and ethnicity started developing. During this period, differences focused more on socio-economic factors among those people with different characters such as gender or race.
Comparison of inequalities in the past and those in feudalists or tributary
During this period, kings are highly considered and chosen by divine power. Doing this made it possible for the middle-class people to grow due to the Protestants’Protestants’ work ethics (Lyon, 2020). The women and those from the low-income class were marginalized.
England shift to the monarch
Through the Bill of rights of 1689, capitalism in England constituted utilizing a head of state whose roles were restricted, unlike the past (Haldon, 2020). They do not have exclusive rights to alter the specific sections of the law. England was pushed by the enormous disadvantages and problems with the act of settlement, which brought a lot of power to capitalists.
Power in the new capitalist states
Capitalism constitutes a highly economically structured system, the power vested in the financially competent individuals (Callinicos, 2020). It represented the high income earning individuals.
Inequalities in the present and past
Despite the elapse of time, capitalism includes a monopoly in power. This power revolves around a few people who continue to pass from generation to generation (Bresser-Pereira, 2020). High-income individuals continue to possess power. The aspect of inheritance is also eminent. Those who can inherit capital have a chance of monopolizing power.
Weber and capitalism
Through the different analogies created by Weber on Protestants and how hard work is promoted through various contexts. The belief initiated herein draws a more profound understanding of how ascetic Protestantism and capitalism in modern nations relate. It gives the different ethical and spiritual values that can be started by individuals. It describes the various religious ideas raised through Weber’sWeber’s thinking and designates the highly regarded traits. In his thinking, wasting time is a sin and should be avoided at all costs (Bresser-Pereira, 2020). According to this notion, wasting time can be attributed to the enjoyment of life through different opportunities. As such, this analogy is essential since it promotes hard work in the context of capitalism. It means that people should struggle and grasp any opportunity to remain financially competitive in a highly competitive world. An understanding of the different constructs through which standardization is made is considered. It revokes all myths involved regarding capitalism. Understanding these values as part of capitalism ensures that individuals are aware of how different functions in a capitalist nation operate.
In essence, this analogy highly relates to the mode of thinking of individuals seven today. The main concern is prioritizing necessities required for survival in a capitalist nation. Stating that wasting time is a sin is no longer seen in a religious context, but rather on the ability to build financial demand (Bresser-Pereira, 2020). The learning point here is that wasting time does not help in gaining financial competency. After all, it is through economic dominance that power can be accrued.