SHIRASH CMSY 129

The Role of Children in Capitalism in America: Capitalism is an economic system based on the private ownership of goods and the means of production. Capitalists, workers or laborers, and the consumers complete the total cycle of capitalism. Prior to nineteenth century, the major role of children in capitalism was only as workers. After the federal government passed the law making child labor illegal, the children were shifted from workers to consumers. Today, children are one of the major consumers in capitalism, and it is apparent that children contribute far more to the national economy as consumers than they ever did as laborers. Every basic and daily thing has been segregated for children. The toy industry is increasing its productivity every year. Psychologists discovered the concept of “natural desire” for children. It has been suggested that little people have their own desires and they are to be fulfilled by their parents. Children need toys, separate clothing, sepa...