Tag Archives: Capitalism

A Marxist Reading of Nikolai Ostrovsky’s How the Steel Was Tempered (Published)

The paper proves that How the Steel Was Tempered depicts the theory of Marxism. During the end of the 19th century and the start of the 20th century, capitalism spread in various countries in Europe.  As a result, the struggle of the common masses became more organized and conscious. As the conflicts between the upper and lower class became more profound, the philosophical thought of Marxism spread rapidly. The paper makes an analysis of Marxism in How the Steel Was Tempered.  The paper discusses all the Marxist ideologies found in the novel, including: the inequality between classes, anti-Capitalism, class conflict, historical materialism, and alienation. So, this paper will add a piece of new information in the existing literature.

Keywords: Alienation, Capitalism, Class, Marxism, Materialism

Another Look at the Political Economy of the Mainstream and New Media (Published)

This paper examined the political economy of the mainstream and new media, it explicates how media industry, the political economy of the media and capitalism affects the accessibility of information in the new media. The study established that the political economy of the media deals with the generation and distribution of resources (film, social media, online newspapers etc) and that power (capitalism) affects it. The paper’s design method is a narrative literature review and the data sources included Google scholar, blogs, Google, and the web of science. Books, print journals, magazines, were also used. A narrative review was conducted between March –May 2017. The paper outlined and discussed the issues raised, into themes concerning political economy of the media; new media; Marxist and Pluralist view of media ownership; the political economy of the new media and the influence of capitalism on the accessibility of information from the new media. The study revealed that capitalism is one of the driven forces that affects the pluralism and democratization of information on the internet; due to capitalism some classified information are sold and copyrighted

Keywords: Capitalism, Democratization, Information, New Media, Pluralism, Political Economy

The Double Entry Book Keeping (Deb) System and the Emergence of Ethics and the Spirit of Capitalism (Published)

The purpose of this paper is to cast a new light on the post-Sombartian debate on development of double entry. Sombart (1916) thought that the invention of double-entry bookkeeping was essential to the birth of capitalism. It is known that Max Weber developed the same theme, but to a lesser extent. Epochs after, accounting scholars have debated the idea quite extensively during the 20th century. All these previous works have in common the fact that address the historical question by comparing accounting practices to business practices, some of which are interpreted as capitalist. In this paper, the aim is not to understand the birth of capitalism, but to contribute to understanding of the birth of the concept of capitalism itself from accounting thoughts perceptive. The concept of capitalism came about in the 19th century. At that time, capitalism and a certain kind of double-entry bookkeeping practice that was able to highlight the circuit of capital were inextricably linked. It might be suggested that this historical situation greatly helped the scholars of the period to conceptualize what they called capitalism, and it is easy to show that the notion of capitalism itself is rooted in accounting thoughts. Therefore, the work will present the account of how the concept of capitalism was innovated as example of the influence of accounting thoughts on economic and sociological development. In view therefore, of the eminent position occupied by the concept of capitalism in both past and present intellectual and political debates and current analyses of economic modernity, the fascinating role played by accounting craft in the birth of this concept certainly merits attention.

Keywords: Accounting Thoughts, Capitalism, Double entry Book keeping, Economic Development, Karl Marx, Werner Sombart


Communal market system of mobilizing resources or funding has been with the indigenous people in the past. In Africa, particularly in Ghana it has been with the traditional people up to today. As we find it had to move the economy as a whole up, the indigenous people through this means are making it up in life. The problem has been with the impulsion of the western capitalism, which thrives on greed and individualism. This article gives reasons why Ghana should introduce a second financial market with traditional flavor. It recommends the modification of the old land marks, nnoboa, with modern technology which thrived through trust, communality and reciprocity that worked before the invasion of the land by the west to force us into capitalism

Keywords: Capitalism, Development, Ghana, Market, Nnoboa, synergy


Literature is not just a piece of writing, which only entertains. It also performs some other functions such as teaching moral lessons and healing souls. Literature has turned out to be a medium of appending contemporary or conventional realities through the exposition of the socio-cultural and political experiences of a given society; since it (literature) is a product of a particular human society. A creative art is designed to x-ray life, with a view to display human experiences, feelings, imaginations, observations, predictions and suggestions for realistic purposes. Literature is one of the major weapons for class and/or societal struggles. This paper focuses on societal issues raised in Sembène Ousmane’s God’s bits of wood Marxist theory of violence is our theoretical framework in evaluating the writer’s preoccupations. As its purpose, the paper makes it bold to validate the fact that art and society are two interlocking entities. It is obvious that the oppressed in Sembène Ousmane’s God’s bits of wood are well mobilized and they behave as true agents of positive social transformation. They are very effective in the reconstruction agenda demonstrated in the novel. The paper ends by identifying the fundamental systemic challenges, which confront African societies during the colonial period and even now in the perceived global village and the writer is seen as one who embraces his environment and time very religiously in his artistic creation with a view to solving some common societal problems. Literature, therefore, is capable of activating and promoting the expected development in human societies.

Keywords: Art, Capitalism, Colonialism, Development, Protest