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Capitalism And The United States

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Capitalism first originated in Western Europe when merchants would take their products and sell them to the public. From here, capitalism spread to the United States through colonization and over time, assisted in the enhancement of the United States’ economy. When other countries, like the UK and France, had seen this success, they also wanted their economy to be structured similarly to the United States’. For the sake of having a fixed definition of capitalism, it can be defined as an economic or political system that allows for a country 's trade and industry to be controlled by private owners for profit, rather than by the state. Also, while no country uses a pure form of capitalism, they are still considered to be a capitalist country …show more content…

In France, there is a form of capitalism that is used with its original Colbertist tradition. This means that along with companies selling items to earn their own profit, there is also the thought of “economic nationalism” where one of the country’s main goals is attempting to empower the nation to a maximum point by keeping economic activity in their own borders. Due to this economic activity, the lower 50 percent of France’s economy has seen an increase in pre-tax-and-transfer of around 32 percent. (Capitalism) The point being made here is that France is another country that compares with the US as it uses capitalism and is performing efficiently on the global scale. Not only are larger countries, like the US and France, doing well from using capitalism, but smaller ones such as Poland have been making a huge comeback. Originally, Poland was more of a communist country up until 1989. After it had broken free of relations with Soviet dominance, there was a push for the use of capitalism. From this point in time, Poland has made reforms in trade liberalization, implemented a low corporate tax rate, and worked towards the modernization of an environment where they could transfer themselves to a marker-oriented economy. (Poland) According to some sources, Poland has the highest ranked economy in Central Europe, and the sixth highest ranked economy in all of Europe. This is huge coming from

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