Reflection Journal for a Social Work (Economic-Related) Class

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Reflection Journal for A Social Work (Economic-Related) Class
Journal 1
People from different parts of the world have escaped poverty amid increased global living standards. Such levels of poverty have been highly reduced through capitalism. The capitalist revolution brought about increased specialization, technological advancements, and increased production levels. It is also said that the capitalist movement played a major role in increasing the rate at which poverty levels were reducing across the globe. However, I believe that the increase in living standards was short-lived. Therefore, it should not be considered that capitalism was the main reason for decreasing global poverty.
A capitalist economy is one that focuses resources on the hands of rich people. It is an economy where the rich people continue becoming rich while the poor people continue being poor. It facilitates the unequal distribution of wealth. Therefore, it does not reduce the poverty levels within an economy but rather makes more people poor. If a nation seeks to reduce its poverty levels, the best solution is to eliminate the capitalist ideologies from the economy. Such would allow for the equal distribution of resources, thus making it easy for every person to invest or seek jobs that compensate them fairly.
Journal 2
People in some countries have advocated for democracy to ensure the equal distribution of resources. This supports the ideology that capitalism does not reduce poverty levels in a nation but rather increases poverty levels among a certain group in the country. If a country has a democratic political system, it will find it less challenging to deal with issues associated with capitalism (Haskel, Jonathan, and Stian). People would enjoy the equal distribution of wealth, thus reducing the poverty levels in the nation. When people experience an equal distribution of wealth, they have funds to invest, thus creating job opportunities. In turn, people would enjoy an increase in job opportunities, reducing the poverty levels in the country. If there is unequal wealth distribution, a substantial number of people would rarely have funds to invest in different ventures. This means job opportunities would only be available to a limited number of people.
Journal 3
Many people have a reputation for participating in interactions that only benefits them. However, these interactions do not always go as expected. In some cases, the interactions could result in both parties winning, while in other cases, it could result in both parties getting an outcome they never anticipated. Therefore, people need to consider all the factors involved in a particular situation before deciding the basis of social interaction. If such factors are considered, it would be challenging for the social interaction to go contrary to the plans of the involved parties. When a social interaction harm one of the parties, it can result in social unrest, thus making it challenging for the parties to trust one another. When people do not trust each other, social interactions would be negatively affected, affecting many sectors in a country, such as the economy.
Journal 4
People are faced with p...