Question

The song “Fidelity Fiduciary Bank” from Mary Poppins alludes to elements of British economic power and influence. What contemporary economic actors do you consider to be most powerful and why?   

     ii.      Are you persuaded based on all of this module’s materials that capitalism is responsible for the unequal distribution of wealth in the international system? What do you think of economic structuralist explanation of war? On what evidence or theory do you base your conclusions?

Book-- International Relations Theory 5th Edition-- 978-0-205-08293-9
Paul R. Viotti
Mark V. Kauppi   

Answer 1

It is often said that economic inequality is one of the besetting problems of capitalism. There is disproportionate share of income going to richest, the concentration of wealth among a few families, and the great income and assets of some large corporations.

1. The distribution of income is grossly unequal and is becoming more unequal with time.
2. The middle class is declining in economic importance.
3. There is too little opportunity for a family to move from one income group to a higher on.
4. The working class rarely has enough income to maintain itself in health and efficiency.
5. The ownership of capital is grossly unequal.
6. Free enterprise is being supplanted by monopoly, and monopoly is exploiting both consumers and workers.