I think this project has been a very good educational study of what individuals think of capitalism. Over the semester, we discussed what capitalism is and what scholars have thought about it throughout history. Taking the definition of capitalism, breaking it down, and analyzing it has made it clear how it has changed throughout history. I think it was important to take others, scholars or not, opinions on what capitalism is and how it has affected them. Going into the interviews I did not have an idea how people would respond to the questions. I was not sure if these individuals knew capitalism or not. It was a surprise when all the women had similar definitions. I think if I was to do this project again I would have included a larger variety of people to get opinions. However, in one aspect it was a good idea because I interviewed women around the same age who had similar experiences with capitalism.
My first interview was with a woman who is in her mid-twenties and pursuing a job in medical career. Her understanding of capitalism was a basic definition, she has not had an education or a full understanding of what it is. She tried her best to define it and decipher how it applied to her life. Though, one of the points she did make stood out. As she has a future in medicine, she believed the struggles regarding the costs of medicine are ridiculous. It is not fair for those who can’t afford or do not have insurance to become victims to dept because medicine has become too expensive.
In the second interview, I interviewed another female college student. Like the first, she did not have an in-depth knowledge of what capitalism was besides a textbook definition. For most of the interview, she focused on how capitalism was affecting her. As a woman who is going into the field of counseling, she had to pursue a bachelor’s degree. Capitalism has affected her due to the amount of college debt she has due to how expensive college is to get a degree. She believed it was not right to have to pay so much for something that is needed to make it in the world and survive in the economy we live in now. This point is very relevant to many students today, falling into debt just for the required education.
My last interview, was another female college student who wants to go into the education field. Like before, she did not have a background in capitalism and had a hard time defining the term. Her experience of capitalism has been mainly shown tMy last interview was with another female college student who wants to go into the education field. Like before, she did not have a background in capitalism and had a hard time defining the term. Her experience of capitalism has been mainly shown through social media. She made good points on how companies these days can advertise their products on social media and how the algorithm works through the individuals’ likes and interests, she is then more inclined to buy products. Social media is a trap for all ages and companies know how to use the system to their advantage.
I think my findings over the course of the three interviews are similar in the respect that these individuals had only a basic definition of what capitalism was. It is not surprising about the definitions, many younger individuals have not been taught wI think my findings throughout the three interviews are similar in the respect that these individuals had only a basic definition of what capitalism was. It is not surprising about the definitions, many younger individuals have not been taught what capitalism is and how it plays a role in our society unless one was actively participating in capitalism. All three participate in capitalism in different ways, throughout the interview it seemed as though each understood more what capitalism was and how it played a role in their lives. I think recognizing what contributions they played in capitalism and how it has influenced their lives is an important factor in one’s life.