SOSC 1340 Lecture Notes - Lecture 5: Robert Heilbroner
16 May 2020
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Name and student #: samin mohammad jawad islam , 214101927. Date and week #: 12th of october , 5. The statement according to robert heilbroner capitalism is the name of the economic system that dominates the world today is the quote i have chosen for this reflection. The statement is the introduction of the first chapter of twenty-first century capitalism ch. 1. Capitalism is when an economic and political system in which a country"s trades and industry are controlled by private individuals for profit rather than controlled by the government. It is dominating the world we live in today as more than half the world follows capitalism. Heilbroner also asks the question will capitalism dominate the world further in the future and the answer to the question is yes it is still dominating.
