Making Profits and Society

It used to be that we had a select group of industrialized countries that got together to hammer out new world market trading plans and agreements. Then that group became eight and now it is twenty. Have they all reached the same stage of economic development that they can all be called G-20? To understand where this group will go, it helps to understand the process for which capitalism surged in the 19th century. There will be little reference to economic theories as the purpose is to outline the sociology behind the development of a material society, the sociology behind mass production, capitalism and profit making.

It would be interesting to know at what level, capitalist societies will grow and prosper after the recession when there is continued downsizing and outsourcing in order for American based companies to find cheaper labor. But how long will that last? One wonders what stimulus those major industrial powers will do in order to offset further economic depression. Society is always in motion and even if one thinks it does not exist because of the actions of a few leading most of humanity, it is important to know what will become of large corporations that made abundant profits, will they reoccur? If so will this affect the future welfare of concerned citizens who have had to reorganize their lives as a result of economic downturns?

One wonders if smaller businesses will be the current trend and there will be more of these and fewer big fish in the future.One wonders if governments will step in and create incentives for more small businesses or perhaps their hands are tied by bigger concerns.Clearly continued indebtedness will not create fertile soil for an economic recovery and economics and society are closely interconnected  ever since modern man knew of class distinctions, divisions of labor and productive means shaped growing economies.

One thought on the economic future actually initiated when Nixon made his historical vist to China in 1979 in order to open its doors to the west. This was before the outsourcing that occurs today where anything from printing presses to sweat shops will be likely to occur in a nation with an amenable economic infrastructure. That symbiosis will allow foreign companies to invest and determine a certain work flow in exchange for better working conditions that the host country can offer to its employees compared to what was offered locally.