Final Paper Introduction

Topics: Communism, Capitalism, Marxism Pages: 2 (578 words) Published: November 27, 2014
Thomas Kang
History and Globalization
Final Paper Sample: Introduction

As globalization affects every corner of the modern world, those who fail to adopt the free market, liberalized, and interconnected system simply cannot compete on the global market. The war against communism lead by the United States allowed for the spread of capitalist ideas that would allow this global market to flourish. In simple economic terms, a global capitalist system allows for countries to use their comparative advantage in order to most efficiently allocate their resources in the form of imports and exports. This proves to be such an economic catalyst that the world has witnessed its necessity in cases such as the utter failure that is the isolationist Democratic People’s Republic of North Korea. While Adam Smith’s famous “invisible hand” of the free market would simply be too restricted under any normal communist rule, China has become the center of much debate. Whether it is a vegetarian steakhouse, a littering environmentalist, or an Argentinian Pele fanatic, such obvious contradictions seem so abstract that, “it strips the original thing of all meaning”5. Capitalism within a Communist party seems hypocritical enough. However, since President Jiang Zemin allowed a capitalist economy to join the Chinese Communist party in the 1990s, China as a nation has experienced nothing but immense progress. Do not expect an influx in communist capitalism however. The timing of China’s development as a nation coincided perfectly with the development of the utmost and paramount device of modern day globalization: the Internet. First invented in the 1950s by the United State Military during the Cold War, the dynamics of the Internet have gone through a complete transformation. The World Wide Web combined with modern day technology including smart phones, tablet, and laptops, every corner in the globe is open for instant communication. Moreover, combine the ease of use with...
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