The Line Between Feudalism and Capitalism :: Economics Economical Government Papers

The Line Between Feudalism and Capitalism We consider America to be a capitalist nation, but what exactly makes it capitalist? Webster’s dictionary defines capitalism as an economic system in which investment in and ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations, especially as contrasted to cooperatively or state owned wealth. Capitalism affects the people in it on a daily basis; it affects the way they live their daily lives. A break down in this, supposedly perfect, economic system may occur resulting in a case of feudalism. This can still be found today even, in America. Feudalism is defined in Webster’s dictionary as a system of political organizations prevailing in Europe from the 9th to 15th centuries having as its basis the relation of lord to vassal with all land held in fee and as chief characteristics homage, the service of tenants under arms and in court, ward ship, and forfeiture. There are define d social differences and similarities between capitalism and feudalism; these differences can be seen when comparing and contrasting the reality-based movies Norma Rae and Matewan. There are many similarities between Norma Rae and Matewan making it hard at times to see which economic system is feudalism and which is capitalism. These similarities cause confusion, even today, in deciding what can be considered feudalism and what can be considered capitalism. This is because in both systems the employers have a significant amount of control over their employees' lives. Both movies are about employees in large factory situations trying to better their working conditions by unionizing the company. Neither the Stone Mountain Coal Company, in Matewan nor the O.P. Henley Textile Mill, in Norma Rae seemed to truly care about the welfare of their employees. For example, in Matewan the coal miners were suffering from the coal dust cutting their lungs. This problem could have been easily alleviated, had the company cared, by providing the employees with masks. Another major problem was the premature explosions in the mine, which were also caused by coal dust and often resulted in death. This problem would have been more difficult to remedy, but it could have been done. The company just didn't care enough about the lives of its workers to spend the money necessary to correct the problem.