1)
This introduce two important theory of
economy. One of that is Capitalism and the other is Socialism.
To talk about Capitalism, it began in the
era of the Roman Empire and the golden age of Islam where commercial society
are developed. However, The real capitalism can begin with the establishment of
the East India Company. As a result, the company began to form an oligopolistic
corporation. In addition, the company separated managers and laborer.
Capitalism is operated by workers, businesses, and capital together. This
process produces demand and supply and it leads to competition.
However, some people criticize capitalism because
it lead to the unequal distribution of wealth and destroy the environment.
2)
In high school economy class, I learned
about capitalism but I didn’t know that capitalism is started in the Roman
Empire. I thought that capitalism is difficult and hard to explain because when
we talk about Capitalism, always explain with demand and supply curve. However,
when I read Capitalism began in the era of the Roman, I really surprised that I
ignore most important thing of Capitalism. It is nice chance to fix my thinking.
3)
Capitalism failed in the Great Depression.
I wonder why it failed.
And after the Great Depression I think we
adopted modified Capitalism. Then what is the difference between the present
capitalism and the capitalism before the Great Depression?
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