American capitalism is a distinctive model shaped by strong individualism, competition, and a belief in self-reliance. This course examines how it differs from other capitalist systems around the world and why it is so deeply embedded in US society. Students will explore its historical development, its major economic and social successes, and the structural challenges and inequalities it can produce.
Key themes include the balance between free markets and regulation, the role of innovation and entrepreneurship, and the social consequences of a highly competitive economy. The course also critically evaluates arguments for and against the American model, considering whether it remains sustainable in a rapidly changing global economy.
Students will be equipped to analyse its strengths and weaknesses and form a considered judgement on its future and continued relevance.
Face to face
- Definition and nature of American capitalism
- Comparison with other capitalist systems
- Historical development
- Strengths and economic successes
- Weaknesses, inequalities, and critiques
- Role of individualism, markets, and regulation
- Future sustainability and global relevance
At the end of this course, students should be able to:
- Explain the key features of American capitalism
- Compare it with other economic models
- Analyse its strengths and weaknesses
- Evaluate its social and economic impacts
- Form a reasoned judgement on its future and relevance
