Diverse Ways of Thinking: Economic Ideologies

Some pundits, academics, and politicians often talk about the “unintended consequences” of global capitalism (Joyce Appleby uses this phrase in the final assigned section).  Others argue that there is nothing unintended about capitalism’s consequences – that those in power are fully aware of the potential results, including financial crises like the one that shook the global economy in 2008 and continues to plague people’s of all nations (Naomi Klein makes such an argument).

In a succinct, clearly written, three-page double-spaced essay that uses multiple historical examples from not only Appleby but from other readings, lecture notes, and discussion notes, answer the following question:

Why has the capitalism/socialism debate been so divisive?

Use the 2008 financial crisis and the ensuing global recession as a starting point for a discussion of the historical and very contentious “consequences” of and responses to capitalism – arguably one of the most defining historical processes of the modern era. All evidence should be properly cited using Chicago-style footnotes.

Attach your essay.  Do not cut and paste it into the box.  The essay should be 12pt Times New Roman with 1-inch margins.

Instructions: Enter or paste your written work and/or click “Attachments” to upload your files.

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