Modern Age

Topics: Capitalism, Immanuel Wallerstein, Economic system Pages: 3 (1101 words) Published: October 20, 2013


Approaches towards the Modern Age, the Rise of the West, and Global Interconnections
Our world is constantly changing and some say that its better, but some say that it is worse. A famous author, Lynn White Jr. is saying that since the modern age we have had an ecological crisis that is slowly worsening every year. Another author, Immanuel Wallerstein, is saying that our world economy is actually doing well since the modern age and that it is better than in the past. Janet Abu-Lughod is a famous author who disagrees with a lot of what Wallerstein says but agrees that our economy is doing better than the past. Lynda Norene Shafer is another author who tells us that the past did a lot of good for us, especially Southern India and China. All these authors have much to say but they are too focused on one part of their arguments. Immanuel Wallerstein is one author who makes a good argument and approach towards the modern age. He approaches the modern age by stating many facts and explaining as to what he believes our world system should be like. He states that since the sixteenth century, we have always had capitalist economies and world economies. Wallerstein believes that our economy has many political units inside that loosely tie together the system. He believes that we should have an economy that is bounded by one big political structure that is unitary. Wallerstein disagrees with people thinking towards what capitalism is. He says, “Capitalism is not the mere existence of persons or firms producing for sale on the market with the intention of obtaining a profit” (1-2). Wallerstein is telling us that man has been producing many things with the sole purpose of making a profit on those things. He totally disagrees with this statement as being a definition for capitalism since he believes that it is not true. Wallerstein also states the correlation between world economies and capitalist economies. He is telling us that, “Conversely, a...
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