To what extent do you agree that capitalism will not only survive but it will develop

T hey are prosperous, willing to help other less developed nations. T he tendency of the countries to develop under the market economy is obvious because they are able to rule the roost around the world, make laws, do international business, provide nations with all the necessary goods and services. M oreover, the New division of labour stimulates the capitalist states look forward to expanding their aid towards underdeveloped nations — more than 60% of the population in Africa and Latin America. T he World Market comprises such markets as financial, trade and labour, and the success on those markets depends on the prosperity of the whole nation.

M arket Leaders, Big Markets, Would-be-Big Markets, OPEC Nations are opposed to the former Soviet block nations and the Third World nations in all spheres of life, especially in terms of living standards, economic level and social structure. S ince ancient times those that dwelt round the coast of the Mediterranean Sea — the greatest inlet that is known in the world were the leading states [7,24].

T he Mediterranean Sea had neither tides nor, consequently, any waves except those that were caused by the wind only. I t was extremely favorable to the infant navigation of the world due to the smoothness of its surface and the proximity of its neighboring shores, when, from their ignorance of the compass, men were afraid to quit the view of the coast and plunge into the boisterous waves of the ocean. T o sail out of the Straits of Gibraltar and pass beyond the pillar of Hercules was considered as a wonderful and dangerous exploit of navigation.

S tep by step the economy began to grow, therefore, new types of economic relationships developed. However, the vast majority of people want governments to do more than just set up the institutions necessary for markets to function. T hey want governments to stop the production and sale of things that the market economy may not provide a lot of, like housing for poor. T.

hey often also want to tax well-off citizens to pay for government programs for the poor. Many government programs are so commonplace that you don’t even think of them as being government interventions. F or instance, free public schools warning labels on medicine bottles, sin taxes on alcohol and tobacco are all government interventions in the economy [1,34]. F inally, the government interventions needed to implement such programs are, in many cases, not efficient. B ut many people would argue that there’s quite a bit more to life than efficiency and that the inefficiencies caused by many government interventions are well worth the benefits that they produce. F.

or such people, the government interventions in question increase overall happiness despite the fact that they are inefficient. T he political and economic systems of nations differ in pricing goods and services; the sources of capital for new ventures; government-regulated limits on profits; the collecting, spending, and controlling of money; the relationships of managers and workers to each other and to government. M.

eanwhile, the political system of a nation is closely intertwined with its economic system, referring the economic activity of individuals and groups at every level. T o sum up, the example of the highly developed countries prove the necessity to turn to the market economy, don’t stuck in the middle like Russia in its transition period but move forward because capitalism has many advantages over communism and former Soviet block nations. N ot only did the new style of life depend on the social system of the society, but also on the market, especially trade and financial market segment. S pecialization ruled the roost.

M oreover, the industrial-technical revolution (18−19 c.) opened the widest space to further division of labor. G lobalization is a powerful force that has brought enormous benefits to some; however, millions have not enjoyed its benefits, because of the way it has been mismanaged, and millions more have ever been made worse off. T he challenge today is how to reform globalization, to make it work not just for rich and the more advanced industrial countries but also for the poor and the least developed countries. The International Forum on Globalization has developed a broad alternative vision for global economic rules and institutions which does not reject all international trade and investment. B.

ut rather than being viewed as ends in themselves, trade and investment should be seen as means for promoting ideals such as equality, democracy, good jobs, a friendly environment, and healthy communities. T hese are ten core principles for sustainable societies: New democracy. T.

he principle of new democracy means creating governance systems that give those who will bear the costs the vote when decisions are being made.Subsidiary. A uthority of more distant levels of administration is subsidiary (subordinate) to the authority of more local levels that allow opportunity for direct citizen engagement. Ecological sustainability. E conomic activity has to be ecologically sustainable. Common heritage. C ommon heritage resources: natural resources, culture and knowledge, public services — constitute a collective birthright to be shared equitably by all.Diversity.

C ultural, economic, and biological diversity is essential for a healthy, sustainable, and viable community. Human rights. G overnments should not only focus on civil and political rights but should also guarantee economic, social, and cultural rights to their citizens. Jobs, Livelihood, and Employment. S.

ustainable societies protect the rights of workers in the formal sector as well as the great number of people in the informal sector or underemployed. Food security and safety. N ations are stable when their people have enough food, and can produce and provide their own food.Equity. S ocial justice among nations, within nations, between classes, ethnic groups, men and women. The precautionary principle. W hen a product or practice raises potential threats to the environment or public health, governments should have the right to take preventative actions. BibliographyStark, Rodney.

V ictory of Reason, (Random House New York, 2005) Ferguson, Niall. T he Ascent of Money, (Pengiun, 2008) Skinner, Quentin, The Foundations of Modern Political Thought, vol I: The Renaissance; vol II: The Age of Reformation. C ambridgeUniversityPress, 1978) Burnham (2003)Encyclopædia Britannica (2006)Polanyi, Karl. T.

he Great Transformation. BeaconPress, Boston.

1944.p87Quoted in Sir George Clark, The Seventeenth Century (New York: Oxford University Press, 1961), p. 24.