It is true that the western civilization started the economic and social activity through the
Industrial revolution. The industrial …show more content…
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In Positivism, we only accept things that can be seen. Just like the Age of Enlightenment or the Age of reason where people came to assume that through a judicious use of reason, an unending progress would be possible—progress in knowledge, in technical achievement, and even in moral values.7 They accept the existence of God and of a hereafter, but rejecting the intricacies of Christian theology.
In the other hand, Market Fundamentalism is the exaggerated faith that when markets are left to operate on their own, they can solve all economic and social problems.8 According to the author, the market fundamentalism was a two-pronged ideological system. The first prong held that societal needs were served most efficiently in a free market economic system, individuals respond to each other’s need. The second prong of philosophy maintained that free markets were not merely a good or even the best manner of satisfying material wants: they were the only manner of doing so that did not threaten personal freedom. Then Neoliberalism was established to protect personal liberty. It reacts to the dominant form of Western governance in …show more content…
It is contrast to control by unjust and arbitrary deposits.
The end of Cold war ignited a slow process of overdue reforms in First People’ Republic of China. But observers in the West, the Soviet Union’s collapse gave rise to an uncritical triumphalism; proof of the absolute superiority of the capitalist system. Then, Communism arises in China. It grew out of the socialist movement in 19th Century. As a political movement, communism sought to overthrow capitalism through a workers’ revolution and establish a system
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"Age of Enlightenment." Microsoft® Encarta® 2009 [DVD]. Redmond, WA: Microsoft Corporation, 2008.
Market Fundamentalism — Longview Institute.htm
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PASCUA, Diane Joy T.
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in which property is owned by the community as a whole rather than by individuals.9 It also aims to have a classless society. The Great Leap Forward, economic and social plan initiated by Mao
Zedong that in influence by the Thomas More. He was author of Utopia which portrays a society based on common ownership of