Pure Capitalism Is Not A Good Form Of Government

Capitalism, according to the Merriam-Webster dictionary, is “an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.” A part of America’s society for decades, it has been a poison of corruption in our government. Our capitalist government is failing us and we see it in our education system, environment, and wars.

A system of laws designed to protect the individual, including their private property, protect investments and contracts are the most important aspects of a capitalist society. These laws permit the individual to focus on self-interest without the threat of force or fraud. Capitalism creates a society, whereby, man is free to pursue that which makes him prosperous and happy. Government is there to merely enforce the laws created. with as little intervention as possible.

The definition of capitalism would be an economic system in which private individuals own the factors of production and decide how to use them within legislated limits. Laissez faire is another name that was given by Scottish philosopher Adam Smith. He said it is better for a government to have no intervention in the economy at all and an individual pursuing his own self-interest tends to also promote the good of his community as a whole through a principle that he called

Capitalism came into being as a social and economic system when private individuals or corporations--as opposed to the state or classes of people--began to build businesses where the goal was profit motivated for the self-interest of the owner. This is opposed to a socialist system where the business may be owned by the state and/or profiting the state. In an ideal world, it is the economic establishment of the individual right for self-accomplishment. The private individual/corporation succeeds or fails based on its own merits. The rewards can be great, but the downside, left unchecked, can yield greed and corruption. It's survival of the fittest, whether fair or not. To those who love

The capitalist system of government allowed citizens to live a free-flowing life. The capitalist society develops a social hierarchy and allows freedom. An example of the difference in social hierarchy is a rubbish man earning $35000 compared to a doctor earning

Capitalism is “a way of organizing an economy so that the things that are used to make and transport products (such as land, oil, factories, ships, etc.) are owned by individual people and companies rather than by the government” (Merriam-Webster). Capitalists believe in economic

In a word, Greed… from oil to roses, and water, and who knows what else, not to mention atrocities from slavery. Capitalism is based on “free enterprise” and individual rights. This statement is misleading and suggests that capitalism is economically and socially progressive. However, it benefits the selfish interests of a few, and hurts the interests of everyone else. Capitalism encourages corruption, economic disparity, individualism, hyper-competitiveness, and consumerism.

Capitalism can be both. It can be good if no big companies influence our decisions. We need to always stand our ground and use our biggest asset we possess…our voice. We the people influence our economy every day. We can buy and sell things whenever we want with very few limitations. We can raise our own crops and sell it at a farmer’s market and reward our hard work with the profits we make. The bad side of Capitalism can come from huge investors like “Big Oil” always guessing what our estimates of oil will be therefore affecting the price of gasoline. I have never been a big fan of Big Oil and feel like it was a mistake ever allowing people who own those companies to decide how much gas we will go through in a year or multi-year. We know we have plenty of oil reserves and there is no need for gas to ever reach over three dollars ever again but why does it happen? It happens because unfortunately we can’t control those money hungry individuals. Capitalism sometimes grows

One of the most popular economic systems in the world is the capitalistic society. Most countries in Europe, The United States of America, Japan, Canada and a number of other countries in the world use capitalism. Capitalism is based on the free market ideas of people such as Adam Smith. This is why MR. Adam Smith considered the father of modern economics. Capitalism has led to wealth creation in most of the world. In a capitalistic system most of all factors of production and distribution like railroads, stores, land, and factories are owned by individual people and not the government. In capitalism the business people get to decide what the get to produce the government does not tell them what to make. Also how much they are going to make

Capitalism also attempts to meet the need of the people but in a different perspective.This type of society lets you have freedom.You are characterized an individual not a society.Meaning that you can make your way up the social class which include the lower class,middle class and upper class.It gives you a limitless potential to grow economically,making you better than others and arising competition.It is driven by the law of supply and demand.You're given the right to vote and there is higher standards of living since the economy is always

Capitalism is another way saying that as a whole, individual people make better and more well-informed decisions than government can. When people given a free choice, people will make good decisions on what they buy. Like buying a home, car or any other investment. Marxism thinking in a way that capitalism ultimately resulted in businesses becoming increasingly larger and oppressive, and they would ultimately concentrate wealth to a fortunate few, who would essentially enslave all others.

Many people are working hard to make ends meet, and they see the greedy company owners giving themselves huge pay increases and the bureaucracy of government making empty promises and lies. People want to be able to make their own decisions on how they live their lives and spend their money. Capitalism was assembled to obtain economic freedom and growth.

Concept of capitalism can be difficult to understand. It is commonly identified by economist and political philosophers as a system in which the means of production are privately owned and operated in the free market in exchange for a profit (Galbraith, 1952). The economical/social system determines the structure of production, the allocation of inputs and outputs, and consumption of goods. Capitalism remains popular in America because it values freedom, much like the people in our country. This is true because it allows individuals to set their own plans and pursue their own goals; in addition, one can decide what career they would enjoy most, thus creating an incentive and reward for achieving ones ambitions. In a free market, everyone

"Pure capitalism is characterized by private ownership of resources and by reliance on markets, in which buyers and sellers come together and determine what quantities of goods and resources are sold and at what price. Here no central authority oversees production and consumption. Rather, economic decisions are coordinated by the actions of large numbers of consumers and producers, each operating in his or her own self-interest. Because property is privately owned, it can be used in whatever manner its owner chooses (Ragan and Thomas, p. 46)."

Capitalism is when the rich gets richer and the poor gets poorer. Capitalism has mercy on no one. Each individual lives in a society where the mass crowd complain about how the big business are buying the smaller ones but just doesn’t grasp the idea that all this is happening because of the consumers themselves. Within a system just as there is pros there are also cons, cons that are costly in the end. One of the biggest cons that capitalism promote is wealth inequality. Wealth can be inherited, so some people can be rich just due to luck of their ancestors. The others that are not so lucky has to work hard for their earnings. So this becomes a problem because not only does it promotes wealth inequality, it also promotes inequality of opportunity. Capitalist societies are failing to create both equality of outcomes and equality of opportunities. Example of this is the Great depression which lasted from 1929 to the beginning of World War II, profoundly shook the world’s confidence in the capitalist system. The crisis began with the crash of the New York stock market and resulted in widespread economic damage throughout the world, including bank failures, massive unemployment, and bankruptcies. According to the article Capitalism it states, “In addition, the suffering that resulted from the Great Depression highlighted the vulnerability of the labor force. In the United States, 25 percent of workers lost their jobs, and bank failures wiped out many people’s life savings.”