Write a 30-100-word answer to each question below. Write in complete sentences. Your answer must exhibit polish (correct spelling and grammar) and at least one direct citation or paraphrase from this week's reading.

III. Questions:

1) According to the author, what is capitalism?

2) Compare and contrast the main characteristics of three different modes of capitalism discussed in this chapter. (i.e., merchant capitalism, industrial capitalism, and financial capitalism).

3) What are the major factors that prompted the shift from merchant capitalism to industrial capitalism?

2. Chapter 2

Why did capitalism emerge in Europe but not in other civilizations such as China or the Ottoman Empire?

4. Chapter 4

Explain what distinguishes American capitalism from Swedish capitalism and Japanese capitalism.

5. Chapter 5

What are the four myths of global capitalism? What is the real face of global capitalism, according to the author?

6. Chapter 6

After reading this book, what do you think the future of capitalism would be?