The Rise of Global Capitalism: Transforming Social Forces and Economic Dynamics

Abstract

Instructor’s Name Initial Post Social forces are elements in society that contribute to global capitalism. Various social factors are prevalent in a society that is in a push-and-pull dynamic and are diverse and inexhaustible. Some of them include; education, income, politics, industry, communication, and the economy. Social forces have a significant impact on our everyday lives. They are dynamic and keep altering individuals’ lives and social institutions. The rise of China and Pacific Asia, the end of the Cold war, the reunification and dominance of Germany in Western Europe, and the fall of the Soviet Union influence international affairs (Mastanduno 2019). National economies are thriving everywhere since the market now manages economic affairs. Life before machine mechanization and industrialization has experienced numerous transformations in economic activity. Most economic activity during the pre-industrial age existed at a subsistence level, and goods and services were produced for consumption. Mothers would knit clothes for their kids rather than sell them. The pre-industrial era was not enlightened. People lived communally, and there was no competition. The aggressiveness of the world was not seen, and society appeared doomed. It is hard to fathom how people lived without the manufacturing sector. The industrial age saw industrial evolution where economic activity moved from primary agriculture to manufacturing goods and services. People moved from rural countryside to cities leading to urbanization. People started experiencing the modern world. Farers started experiencing the comfort of industries and factories and enjoyed the pay that came with them. Commercialization also arose, a market where buying and selling goods and services thrived. The post-industrial era is captioned by economic globalization. There is intensifying competition in international economies, each trying to secure a niche in the market. There are threats and challenges arising from economic globalization, and each economy strives to understand the principal forces of the dynamics. Education is becoming critical in this era, and university graduates are expected to invent new technologies and become innovative entrepreneurs. People are becoming doctors, engineers, computer analysts, and robotic technicians. This era shows a shift from experiential knowledge to experimental knowledge. Economic activity has enlightened people, and the world is becoming aggressive in activism, politics, and business. All kinds of social changes are taking place, pausing global challenges and threats. China, India, and some other Asian countries have explosively grown in population and today are seen as distributors of economic and military power (Campbell, 2008). International economic affairs today determine the fate of many nations. The post-industrial era has come with various social conflicts such as job dissatisfaction, unemployment, employee theft, worker violence, health problems, and psychological ad financial problems. The post-industrial era has had positive and negative effects that significantly affect the social world. Large and multinational companies have experienced tremendous profitability and have given them access to capital to develop this enormous cooperation. The companies have managed to use their power of wealth to exercise economic control. This is to stifle any competition that arises, creating a monopoly. These multinational and large cooperation are capitalists in practice. They have controlled the production cycle disadvantaging other individuals from doing business with them. For instance, companies produce, transport, and store their commodities. It has suppressed other entrepreneurs from raising bars since their production is high, selling their commodities and services at low prices. These cooperations have discouraged competition from domestic firms due to their dominance affecting local entrepreneurs individually. These companies benefit from government incentives and resources and often conflict with government ideologies on the payment of taxes, pollution, environmental degradation, and the depletion of natural resources/raw materials. The monopolies have caused...