Interview Reflection

This interview project was very interesting to do. I enjoyed collecting all of the opinions from different age groups and seeing how they differed from one another, and there were definite differences between the generations that I interviewed. While interviewing my first two individuals I expected to hear similar answers to one another because they were in the same age group and generation. While they differed slightly, the main points were very similar. For my third interview I expected it to be different than my first two due to the difference in age group and events that happened in her life, (COVID-19, Graduate school, etc.)

My first interviewee explained how there are different perspectives of capitalism across generational lines when saying, “Well my parents grew up in a completely different world than I did but I believe that there was a different capitalistic society. I think that growing up in times of war shaped their views on capitalism. I came from a family of eight siblings so my parents had to support us all and money was very important.” I expected this answer knowing that capitalism evolves overtime and changes with the economy. This interviewee was also against other economic systems saying, “In my view capitalism is the best type of an economic system. Some people believe that capitalism ignores people’s needs and it results in wealth inequality. But that being said I think it is a far better system than socialism and communism,” This interviewee was sympathetic to the idea that capitalism creates wealth inequality but still continued to go on and say that capitalism was better than other economic systems that other countries have.

My second interviewee had a much different personality than my first interview but they both still mentioned essentially the same ideas but just in different words. One response that stuck with me while interviewing this individual was when I asked them their thoughts on other economic systems other than capitalism and in reply the individual said, ““I don’t think much about them, most are based on shared wealth, government control and dictatorships. Any country who had these economic systems did not last long; they do not stimulate ambition, inventiveness or creativity in an individual. If you like being told what to do in all aspects of your life then socialism, communism, or marxism is for you.” He was very against other economic systems, seeing them as a method of control, a lack of freedom, and a lack of choices for an individual. While also essentially saying that capitalism is the complete opposite, giving the individual control over decisions they can make.

My third interview was my most different. This interview brought up the idea that the difference between her parents generation and hers was that, “They had to conserve more and there were limited opportunities for the middle class and women during that time meanwhile now it kind of has done the opposite where women have more opportunities and we aren’t in fear of having to conserve money because there is potential for growth.” I thought her take on the inequality that women experienced in her parents’ generation was especially interesting. I think the event of COVID-19 largely impacted her view on capitalism and the way she views money when she said, “My role in capitalism is to make money and pay my taxes. During the pandemic as I was in graduate school, it taught me the value of a dollar and that needs are much more important than wants when looking to buy things.” So many people experienced hardships during the peak of the pandemic and it was interesting to hear this individual explain that it taught her how to handle her money correctly.

Looking back on this project I wished I would have incorporated more perspectives that are more current and from individuals who were different races. I think this project was very interesting to do and it showed that throughout different generations that events and other factors truly affect their perspectives on many things. Whether that be a pandemic, how many siblings they have, or where they grow up, each factor affects a person’s point of view and the difference in perspectives is what shows how capitalism has evolved and changed over time. 

“That is a very perplexing question due to the nature of capitalism being that you have to strike opportunity when opportunity is put forth.”

This interviewee is a 27 year old female that has both a Bachelors of Science in Community Health Education and a Masters of Occupational Therapy. She has recently graduated from Graduate school in 2021 and is currently residing in Virginia working as an Occupational Therapist. She attended Undergrad school in Pennsylvania and grew up in New Jersey for most of her life.

How do you define capitalism?

“Capitalism is the economic system we have in the country. Capitalism provides healthy business ventures for individuals.”

How do you think your parents view capitalism in comparison to you?

“During my parents generation they had to conserve more and there were limited opportunities for the middle class and women during that time meanwhile now it kind of has done the opposite where women have more opportunities and we aren’t in fear of having to conserve money because there is potential for growth.”

What is your role in capitalism?

“My role in capitalism is to make money and pay my taxes. During the pandemic as I was in graduate school, it taught me the value of a dollar and that needs are much more important than wants when looking to buy things.”

Do you like capitalism?

“That is a very perplexing question due to the nature of capitalism being that you have to strike opportunity when opportunity is put forth. I, as an opportunist believe that there is an opportunity in every situation.”

What do you think of other economic systems other than capitalism?

“I believe that other economic system do not warrant the same opportunities and rewards that come with capitalism.”

Analysis

I really enjoyed interviewing this individual because she provided different and more current points of view than my previous interview subjects. The pandemic has taught many generations just how valuable money is and this interviewee provided an insightful answer about going to school and trying to get a job during a pandemic. The comparison question of her parents generation to hers was very interesting to hear and the answer provided an insightful reasoning on how capitalism has evolved over the years.

“But in a capitalist economy the opportunity is there for every individual to prosper according to their wants and desires.”

This interviewee is a 57 year old White male who lives in Virginia. He grew up in New Jersey and then moved to Virginia about five years ago. He is a college graduate with a law degree. He has been working in the insurance business for over twenty years. He formerly worked in New York City for many years and now works from home in Virginia.

How do you define capitalism?

“Capitalism is an economic system which provides a monetary incentive to every individual, without regard to class, race, creed, or religion, but in direct relation to how ambitious and industrious they are. Wealth and money is relative to the individual, some are satisfied with minimum wage which is fine and some want more, it all depends on what makes you happy. But in a capitalist economy the opportunity is there for every individual to prosper according to their wants and desires.”

Where do you see capitalism in action?

“Businesses, the local pizza and bagel place, Walmart, retail stores, Amazon, etc etc etc.”

How do you think capitalism impacts the economy?

“It creates a better product through competition. It creates wealth for individuals who then can spend their money at other businesses which keeps people employed.”

What do you think of other economic systems other than capitalism?

“I don’t think much about them, most are based on shared wealth, government control and dictatorships. Any country who had these economic systems did not last long; they do not stimulate ambition, inventiveness or creativity in an individual. If you like being told what to do in all aspects of your life then socialism, communism, or marxism is for you.”

What do you think are some positive aspects of capitalism? What negative aspects?

“Positive aspects include: Instills competition, ambition, creativity and individualism. All positive personality traits. It causes people to strive for greatness. Negative aspects include: failure in a capitalist economic system can devastate the weak minded individual and therefore the system needs to support those who give up. Which creates a dependent class of people.”

Analysis:

This interview was interesting and similar opinions were shared with my last interview. This interview and the last interview were both from the same generation and for my next interview I would really like to get an individual from a completely different generation particularly a younger generation.

“There is motivation to make a profit which drives an economy.”

About

This individual was born in 1966 in New Jersey. Growing up in New Jersey and then moving to Virginia not too long ago gives her a unique sense of the differences between economics between the two areas. She was formerly a special education teacher but now works in a claims department for an automobile company. She is recently divorced and is living on her own and supporting herself with her own income.

“How do you define Capitalism?”

“It has to do with politics and economics. It is an economic system that deals with supply and demand which is driven by private control.” The interviewee

“Do you think Capitalism is beneficial to your life?”

“Yes, because it gives me an opportunity and freedom to create my own business or work for somebody. It gives me the freedom to choose what I want to do. There is motivation to make a profit which drives an economy.”

“How do you think your parents view capitalism in comparison to you?”

“Well my parents grew up in a completely different world than I did but I believe that there was a different capitalistic society. I think that growing up in times of war shaped their views on capitalism. I came from a family of eight siblings so my parents had to support us all and money was very important.”

“What do you think are some positive aspects to capitalism and negative aspects?”

“I think positive aspects of capitalism encourage competition and growth.” With what industries? “With any industry, you can capitalize on anything as long as the desire and drive is there.” What are some negative aspects? “There are social inequalities because of the competition that is created.”

“What do you think of other economic systems other than capitalism?”

“In my view capitalism is the best type of an economic system. Some people believe that capitalism ignores people’s needs and it results in wealth inequality. But that being said I think it is a far better system than socialism and communism”

Analysis

This interviewee grew up in a completely different generation than the current generations growing up. Social media plays a large role in capitalism and compared to the interviewee’s generation where there was no social media. I believe views of capitalism differ between all generations. 

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