Comparison of China and Russias Economic Systems

Comparison of China and Russias Economic Systems Introduction In today’s political and economic world, many governments have been in a state of paradox about the allocation of scare resources (Riley, 2012). In fact in economics the main issue every economist addresses is what resources should be provided, who to provide it for and how should it be provided (N/A, 2012). Every economy has a different economic system in which they decide on how these questions should be addressed. In economics there are three main economic systems; free market, planned economy and mixed economy. Over the years many economies have transformed from being a command economy to free or mixed economies such as China and Russia (Kotz, 2005). Some economists have questioned these transformations as to whether it has been beneficial for the concerned governments. In this essay I will examine this statement by comparing the two respective economies with the help of reliable and valid research and reaching a rational conclusion. My hypothesis, which is based on my gen eral knowledge about the political and economic situations of Russia and China, is that adopting a mixed economic system has helped both economies respectively in terms of international trade and a more efficient and competitive domestic market. Economic Theory A planned economy is an economy where economic decisions are centrally planned by the government (N/A, 2014). Essentially the central state or government plans the allocation of between the current consumption of the whole economy and the required investment for the long run. (Sloman Garratt, 2010). Centralized governments increase the economic growth rate by sacrificing some of the present consumption and diverting useful resources into investment (Cukierman.A, Hercowitz.Z, Liederman.L, 1992). The amount of its scare resources would depend on the government’s macroeconomic strategy. Secondly at a microeconomic level, the authorities plan the output of each of its industry, the factors of production of its businesses and the techniques that will be used (Sloman Garratt, 2010). Finally in a planned economy, the officials also plan the distribution of output between consumers. It distributes goods and services according to people’s needs and wants and normally they dist ribute the goods and services directly (system of rationing). From this we can contend that the most common market structure in this type of economy is monopoly (Appendix 1 Figure 1). This indicates that there is only one operating firm in the industry which decides all the allocation of resources due to lack of competition and complete power. On the other hand free market economies are economies based on the interaction of supply and demand with little or no government control (N/A, N/D). A mix of these two distinctive economies, which includes a mixture of capitalism and socialism, is known as a mixed economy (N/A, N/D). Both types of economic systems encourage that individuals are free to make their own economic choices; workers can choose on how much to work, consumers can buy freely with their incomes and most importantly businesses are free to choose what to sell and how to produce (reference). It can be argued that in these types of economies, there are many industries that experience perfect competition (Appendix 1 Figure 2 and 3). This signifies that there are â€Å"many market structures where there are many firms due to freedom of entry which produce identical products and services; where all firms are price takers (Sloman Garratt, 2010). This is because the governments encourage business competition by giving freedom to the private sector thus there are many start-ups. However the main question is that which economic system is the most effective and efficient? In the next part I will look at the advantages of disadvantages of both types of economies by using two dominant economies; China and Russia. China and Russia; two previous communist states Chen Duxiu and Li Dazhao were the first people to introduce China to communism in June 1921 while Russia was introduced to communism in 1917 by their leader Lenin (Simkin, n.d.). The benefits of being a planned economy such as China and Russian in the early 1900s are numerous. Firstly, planned economies â€Å"are great at allocating scarce economic resources quickly, efficiently and on a large scale† due decisions being centralized by the government. This helps the economy avoid inefficiencies such as illegal practices as there are no ‘middle men’. Secondly, governments can carry out big projects, create industrial power and attain important goals for society as their main motive is to meet society’s needs (Amadeo, 2013 n.p.). In addition due to the government distributing goods and services directly the society would benefit from merit and public goods such as good public healthcare, improved public transport and excellent public education. As a result thi s would help improve the standard of living of people of Russia and China in the early 1900s. Though mixed economy has advantages one should also consider the drawbacks of the previous communist China and Russia. Firstly, the main disadvantage is that there is less competition in the economy of Russia and China due to all decisions being taken by the government hence there is lack of innovation and efficiency. Secondly, in a planned economy, there is a lot of money and resources wasted in the communication between the government and the firms, which again makes the economy ineffective and inefficient (DineshBakshi.com,2012). Finally resource allocation being centralized means that there is no individual liberty. Consumers have less choice from goods and services because everything is made and decided by the government and workers cannot work according to their choice, which refers to that they cannot work for longer hours. (Sloman Garratt, 2010). China and Russia; transition from communism to mixed economy China transformed itself from communism to mixed economy in late 1970’s whereas; Russia transformed its economy from communism to mixed economy in early 1990’s. Post the fall of communism in both economies, China and Russia have benefited in several ways by being a mixed economy. Firstly in a mixed economy, governments encourage competition and give freedom to the private sector on what to produce and for whom to produce. This helps the economy operate and use resources more efficiently as private businesses are concerned with maximizing profits thus they would operate as efficient as possible (Amadeo, 2011). In the long run both economies will experience economic growth (Appendix 1 Figure 4). Secondly with some government intervention in the market, monopolies will not be able to form in markets thus reducing the risk of market failure (Dineshbakshi.com, 2012). Finally with firms operating freely and efficiently, China and Russia’s export will increase, as local businesses are able to compete on an international scale (Amadeo, 2011). Being a mixed economy such as China and Russia also consists of disadvantages, which can affect the economic growth and stability of both economies. Though giving freedom to businesses might lead to economic growth in the short run, there might be inflation in the economy, which can lead to higher prices of inputs such as raw materials and labor wages (Pettinger. T, N/D. hence businesses will start to experience a rise in their costs, which can lead to them being less profitable as result negatively affecting the economy. Another key disadvantage of mixed economy is that there might be external costs to society by the increase in competition in the private sector. This is known as a negative externality of production, which is a type of market failure (Appendix 1 Figure 5) Conclusion In conclusion after carrying out explicit and detailed research on the economies of China and Russia and analyzing the two economic systems, it is fair and reliable to say that being a mixed economy is more beneficial than operating as a planned economy. In fact in today’s world China is considered as the second largest economy in the world due to its high economic growth and stability. Similarly Russia has also thrived on exports of oil and gas by becoming a mixed economy due to trading with the world. If we consider today’s current communist states such as North Korea, one can argue that these economies have been on the downfall due to inefficiency in the local market and the international market. Personally I believe that in economies a balance is necessary for any economy to thrive in thus in a mixed economy there is balance between freedom to the private sector and government intervention.

Clash of Culture Essay

Even though the â€Å"New World† had already had 115 years of contact, the year 1607 is often regarded as the first year of American History. In the year 1607 the English established their first lasting colony. This colony would later become the United States. Jamestown, which is present day Virginia begun by the Virginia Company of London. In the beginning Jamestown consisted of 104 colonists, some of who favored the plantation model of settlement others of whom favored the conquistador model. Due to the English gentlemen’s lack of motivation to work the land, or build fortification, failure was upon them. The Natives who were living in the area where Jamestown was established were unsure of the newcomer’s arrival. The Natives first reaction to the newcomers was hostile, due to their previous experience with Spanish explorers along the coastline. The English settlers had not only the Natives to worry about, but they also had to worry about the Spanish that were along the coastline. The first years of the settler’s time in the â€Å"New World† were difficult and trying. They were faced with disease, lack of food, and poor management. Historians refer to this time as the â€Å"starving time†, when food and supplies were almost nonexistent, and at least one colonist resorted to cannibalism. The only thing that kept the colony functioning was the continued arrival of colonist. As the colony deteriorated during its first two years, Captain John Smith’s leadership saved the colony. Part of this leadership involved exploring the area and making he risky decision to approach the Natives and attempt to trade with them jewels for food. John Smith unfortunately was injured by gunfire, and left Jamestown and went back to England. The first setters were in many ways dependent on Powhatan Confederacy for food. Powhatan and his tribe saw the English as allies who would trade their  weapons for the Natives food. The Powhatan saw this opportunity of trading food for weapons as a way to help Chief Powhatan his confederacy against other tribes. Because the Natives knew little about what the colonist had in mind as far as how the settlers wanted to to develop the New World, or how they intended to go about doing it, the Natives found it somewhat difficult to go into trade with them. The relationship of the Jamestown colonist and Powhatan’s tribe were difficult at times, and sometimes violent, but though there were trial and tribulations between the two cultures, the Powhatan Confederacy assisted the settlers throughout the trying early years. Around 1610 , the English settlers caught a break, they successfully cultivated tobacco. The Spanish had first introduced the crop to Europeans back in the late 1500’s, after coming across it in the Caribbean. Tobacco had been a great success in the European markets. By 1612, the Virginia settler John Rolfe had successfully cultivated an imported strain of tobacco in Jamestown. The Jamestown settlers shipped the first crop to England in 1617, and within a few years they were shipping around 1.5 million pounds. The success of growing tobacco made Jamestown more desirable, but growing tobacco was a laboring job. To meet the demands early, and not fall behind, the colonist tried to force the Natives to work their tobacco fields. The Jamestown colonists were met with objections from the Native people. The Natives wanted no part in growing surplus crops for monetary reasons, and the colonist didn’t have the force to enslave the Natives. In 1619 Dutch traders imported a small number of Africans to Jamestown, who were forced to do most of the hard work of growing the tobacco and establishing the town. Jamestown continued to grow, and the growth was causing Jamestown to have to deal with increased hostility with the Natives and also the introduction of African slavery. Local Native tribes began to become leery of the growth of Jamestown because the growth was infringing on lands that had been open to them before the colonist arrived. After the death of Powhatan in 1618, the new chief Opechancanough began planning attacks to get rid of the colonist. One of these attacks in 1622 resulted in 357 English colonist dying, which was about one-quarter of the Jamestown population. The attack caused the colonist to feel that retaliation was in order, and they set to kill every Native they came in contact with. Hostilities grew between the colonist and the Natives. The  Natives felt threatened by the fact that their way of life and the land they new was being taken over by these new comers. The colonist of Jamestown success has greatly to do with the help they received from the Native people. Though their relationship began in a somewhat peaceful fashion, it soon became a hostile relationship. The question is did it have to end the way it did? Could they bo th have come to mutual agreement, and even helped one another and cohabitated peacefully? Or were the two cultures so different that they were destined to clash at some point in time? References Scham, S. (2006). A Native Take on Jamestown. Archaeology, 59(1), 24. Tarter, B. (2007). Making history in virginia. The Virginia Magazine of History and Biography, 115(1), 3-55. Retrieved from http://search.proquest.com/docview/195928212?accountid=458 ZONGKER, B. (2013, May 02). Scholars find cannibalism at jamestown, va., settlement. Spartanburg Herald – Journal Retrieved from http://search.proquest.com/docview/1348619236?accountid=458 Schultz, K. M. (2014). HIST3, volume 1: US history through 1877 (3rd ed.). Boston, MA: Wadsworth.

The American Dream in the Jungle

Many immigrants migrate to America everyday with the hopes to achieve their American dream. For most immigrants the American dream consist of finding a country where effort and morality transcend to success. In â€Å"The Jungle† by Upton Sinclair, a family of hard working optimistic Lithuanians migrate to America with the belief that equality and opportunity dictates that all people should have the same opportunities open to them if they put out efforts. They arrive to the US expecting to find a land of opportunity, freedom, and equality, and acceptance.Instead they find a land where only crime, moral corruption and crookedness enables them to succeed. The hopes and dreams of these individuals are destroyed as they encounter a land of moral corruption, crime, exploitation and a life of depression and unhealthy daily labor that brings them physical and mental pain. Sinclair clearly shows that the American Dream is simply an illusion. The title of the book â€Å"The Jungle† creates an atmosphere of predators and prey like survival of the fittest.The predators being the criminals and the prey being the Rudkus family. The title of the book symbolizes how the lower class represented by the Rudkus family is being exploited or attacked by the capitalist society and how the country is turned into a jungle . Sinclair uses similes and metaphors to demonstrate the comparison between animals of the jungle and the people . For example in chapter 15, when Jurgis finds out that Connor â€Å"the great beast† rapes Ona, Jurgis â€Å"eyes were wild and his hair flying, and he was breathing hoarsely like a wounded bull†.Jurgis â€Å"sprang† into a room to find Connor, â€Å"his prey,† and â€Å"sunk his teeth into the man’s cheek, and when they tore him away he was dripping whit blood, and the little ribbons of skin where hanging in his mouth† (Sinclair 162). Such imagery is portrayed through out the novel. Exploitation is f oreshowed at the beginning of the story when Jurgis and Ona celebrate their weeding and the guest refuse to leave money to pay for the weeding. Ona is concerned that they wont be able to pay for the expenses and that they will be in serious debt but Jurgis assures her that he will work harder and earn all the money back. Leave it to me, leave it up to me. I will earn more money-I will work harder† (Sinclair 21). This quotation shows how in the beginning of the novel Jurgis is very optimistic, strong, determine, energetic and, devoted to his family and his new country, being unaware of how the system works. Even when the family tries to purchase their new home which is symbolize by what their American dream is, they get exploited by the real state agent. Grandmother Majauszkiene tells them â€Å"You are all alike all the rest, they trick you and eat you alive. They never sell the house without interest.Get your deed, and see†(Sinclair 73). The tone of this quote also exp resses the jungle atmosphere when she mentions how they are been tricked and eaten alive. Another individual that serves as an opposing force to the Rudkus family is Phil Connor. He is Ona’s boss at the factory and represents the higher corrupt authority in Chicago. He also rapes and takes advantage of Ona by pushing her into prostitution and makes life harder for Jurgis and his family when he decides to put him in the blacklist, making it absurd for Jurgis to get a new job.He is clearly an example of someone who abuses his power over others for his own personal profit It is an argument that its up to everyone to do whatever is in their power to be happy. By exploiting the Rudkus family the real estate agent was happy because his American dream is to sell and make as much profit as possible. But up to what extend is it fair to achieve one’s American Dream? It is not fair to exploit other individuals in order to achieve ones goals and dreams. These people are coming to America unknowingly of how the system works blind to the ways of capitalism.For example, in chapter 3 Jurgis is portrayed as a naive individual that is not familiar on how the labor system works, he is overwhelmed with his new job that he doesn’t understand Jokubus' cynicism when he cynically points out the signs posted that demand cleanliness, â€Å"That was why to Jurgis it seemed almost profanity to speak about the place as did Jokubas, skeptically†. Jurgis was grateful to have a job and that’s all he knew at the time â€Å"to be given a place in it and a share in its wonderful activities was a blessing to be grateful for, as one was grateful for the sunshine and the rain† (Sinclair 43).Is not until later on when he starts to understand more and more about the bitterness he sees in his co-workers. Another form of exploitation that doesn’t allow Jurgis and his family to achieve their American dream is the long hours of labor they must work in ord er to maintain the family alive. These unhealthy long hours of labor that they must work brings the family physical and mental pain. When Jurgis starts to work in the meat packing plant he is exited and happy to have a job, soon after he discovers that he is engaged in unfair labor activities as well as unsafe food handling.In chapter 11 Jurgis suffers from a terrible accident at work. The company doctor tells him that he'll be laid up for months with a severe ankle and foot injury. The accident poses a terrible problem for the family. Without Jurgis' wages, they might starve. â€Å"It was dreadful that an accident of this sort, that no man can help, should have meant such suffering. The bitterness of it was the daily food and drink of Jurgis. It was of no use to them to try to deceive him, he knew as much about the situation as they did, and he knew that the family might literally starve to death† (Sinclair 120).Soon after Ona becomes terribly ill with a cough similar to the one that killed Dede Antana, she also becomes pregnant and not long after dies when giving birth. â€Å"They were beaten; they had lost the game, they were swept aside. It was not less tragic because it was so sordid, because that it had to do with wages and grocery bills and rents. They had dreamed of freedom; of a chance to look about them and learn something; to be decent and clean, to see their child group up to be strong. And now it was all gone-it would never be! (Sinclair 163) Jurgis and his family have failed in the attempt to pursue the American dream because the wage slavery and unfair labor practices shatters every aspect of their lives. Not only does the unhealthy labor causes the family physical pain but also mental pain. For example Stanislovas, one of Elzbieta's children witnesses a little boy with severe frostbite to his ears that fall off when a man rubs them strongly to try to save them. After that, Stanislovas develops a phobia of the cold winter and throws a fi t before work each day.He doesn’t want to go out in the cold with the fear that his ears are going to fall off. Also seeing how the food is processed becomes a sort of trauma for the characters. Sinclair uses symbolism to show how the torture of the pigs and the meat is symbolic of the middle class. Workers get chewed up just like the meat. It is an argument that if one is working in a slaughterhouse one must have to be strong minded and expect to work with blood, and other bodily fluids that can cause effect.The problem with this argument is that at the cost of a whole factory staff only a few get to be happy, while those workers down on the killing floors are being hurt on a daily basis and get little to no pay. Ironically labor is suppose to be part of the American dream, immigrants travel to the country to find jobs to prosper and make money but in this case the hard long hours of work only corporate towards their family destruction. As the novel progresses the role of fa mily diminishes as the characters become increasingly abuse and battered.For example in chapter 13 Kristoforas, one of Elzbieta's children dies, Jurgis is more relief than sad because that only mean that there is one less mouth to feed. The only thing that concerns Jurgis is the expenses for the funeral since they have no money. â€Å"Kristoforas had howled his last howl. No one was really sorry about this except poor Elzbieta, who was inconsolable. Jurgis announced that so far as he was concerned the child would have to be buried by the city, since they had no money for a funeral† (Sinclair 134).At this point in the novel the main focus is survival and the desperate need for nourishment takes priority over compassion and love, as evidenced by Jurgis’s beating Stanislovas when he doesn’t want to go to work. The unity of the family is destroyed by the poverty, a result of capitalist economics and it doesn’t allow them to give affection to one another. In c hapter 10 it is evident that Ona and Jurgis don’t have time for their newborn baby, â€Å"Jurgis had to go to sleep himself. Then in the morning there was no time to look at him, so really the only chance the father had was Sundays.This was more cruel yet for Ona, who ought to have stayed home and nursed the him, the doctors said for her own heath as well as the baby’s, but Ona had to go to work and leave him† (Sinclair 114) Jurgis and Ona aren’t able to enjoy each other anymore, whenever they talk it is merely about their concerns and worries. â€Å"Talked they had only their worries to talk of- truly it was hard, in such a life, to keep any sentiment alive† (Sinclair 129). Ona doesn’t feel love anymore by Jurgis, she is concerned that the misery is wearing out their love. She wondered if he cared for her as much as ever, if all this misery was not wearing out his love†(Sinclair 130). Sinclair shows how this family has been destroyed by the corruption and greed of others, the tone is very depressing and tragic. In this point of the novel the characters have been consumed from head to toe by the oppression of their job, they don’t even have energy to show emotions such as love, hate, or sadness. Jurgis is clearly a robot to the society that engages in a routine from home to work and back to home just to sleep.Jurgis and his family have become dehumanized and become more zombie like as they are described with intense imagery â€Å"Jurgis cant not stay angry. The poor fellow looked like a homeless ghost, whit his cheeks sunken in and his long black hair straggling into his eyes; he was too discourage to cut it, or think about his appearance. His muscles were wasting away, and what where left where soft and flabby. He had no appetite and they couldn’t not afford to tempt in whit any delicacies.It was better, he said, that he shouldn’t not eat, it was saving. † (Sinclair 127) Some people a rgue that if Jurgis and Ona never had a baby, the money being used for that baby could have been used for other purposes like food or toward their home. having children while having no money is bad. But being happy with the little bit of money they had, Ona and Jurgis didn’t think it would be much of a problems In chapter 10 before Ona gets pregnant, the family has enough money to survive and even has money left to pay little by little his debts. During the early part of winter the family had had money enough to live and little over to pay their debts† (Sinclair 105). But Jurgis then gets injured and has no work. When he has no work there is no money flowing into the home, this causes despair and urgency. It was also part of their American dream, to have kids watch them grow and give them an education. â€Å"They were beaten; they had lost the game, they were swept aside. It was not less tragic because it was so sordid, because it had to do with wages and grocery bills and rents.They had dreamed of freedom; of a chance to look about them and learn something; to be decent and clean, to see their child grow up to be strong. And now it was all gone–it would never be! They had played the game and they had lost. † (Sinclair 144). This quote shows how Jurgis's life has been destroyed by the unjust social system that didn’t allow him to achieve his American dream. The American dream is cWork Cited Page Upton Sinclair. The Jungle New York: Bantam Classic edition, 1906

Lord Of The Flies Pig Head Analysis - 1023 Words

Olivia Wharton-Hunt Mrs. Hesser Honors English 9, 7 Period 18 September 2017 The Symbolic Meaning of the Lord of the Flies â€Å"We are civilized people, which means that we are all savages at heart but observing a few amenities of civilized behaviour.† Tennessee Williams, a prize winning playwright once stated about civilized humans. In the book Lord of the Flies by William Golding this quote depicts what the book is trying to point out and display to us. The quote ties in with the pig head on a stick, otherwise known as the Lord of the Flies. The pig head was killed barbarically by Jack and his hunters and was put on a stick to serve the beastie thing which all of the boys on the island were frightened of. The book Lord of the†¦show more content†¦The Lord of the Flies is implying that they need to have fun in a time that they desperately need to join together as a group and solve their issues like the beastie thing. In Lord of the Flies the pig head is a crucial symbol for the part of your personality, the id. The pig head embodies evil for the boys do brutal things because of it. At nearly the beginning of Lord of the Flies, there is already a conflict between Jack and Ralph over the pigs. Jack states,â€Å"‘We want meat,†Ã¢â‚¬â„¢(Golding 51). On the other hand, Ralph thinks they need shelter. The pig head brings out problems throughout the entire book, changing the boys into savages and eventually splitting apart to fight and kill. â€Å"... A little apart from the rest, sunk deep maternal bliss, lay the largest sow of the lot,† Jack and his hunting spree observed from afar (Golding 134). They would go on to kill the great and beautiful sow, that was now brutally slaughtered into a bloody mess and shoved onto the stick. This changes the stunning sow into an evil demon. The murder symbolizes that all good things are gone as we would later see as the boys split apart and terminated both Simon and Piggy. The name Lord of the Flies translates to Beelzebub, which is a name for a formidable demon. Some believe that demons perform horrific actions such as withdrawing joy and making others feel miserable. This would later be revealed as the boys would feel a great amount ofShow MoreRelatedAnalysis: Lord of the Flies Chapter 6,7 and 81143 Words   |  5 Pagescreates a sound within the readers head On the right hand was the lagoon, troubled by the sea Metaphor – The lagoon has been a safe place for the boys from the very beginning, the sea is a scary place and it symbolizes the unknown. By saying the lagoon is troubled by the sea Golding emphasizes the contrasts between the two places. Comments/analysis - Chapter 6/7/8 The landing of the dead pilot on the mountain is a pivotal event in Lord of the flies. 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The story is set during the Atomic War and plenty of references are made to the fact. However, the real key to the story lies in the role of Beelzebub, Lord of the Flies. Beelzebub has a central role in the story as he represents the Beast, or evil, that dwells within all humans. The Beast cannot be hunted andRead MoreLord Of The Flies By William Golding1206 Words   |  5 Pagesquality until it ravages through us like a vicious disease. Until drawn out, it lies dormant inside of us, civility having compressed it within, yet it still rears it’s ugly head when drastic situations arise. We see this primal characteristic of brutality slowly take hold of the boys on the island until the ‘Lord of the Flies’ has claimed it’s latest victims. Not only Simon and Piggy, but all the boys on the island. Throughout the novel , we see all the boys go from having fun and exhibiting civilized