The definition of capitalism?
Does Capitalism mean the rights of the individual come before the rights of the masses or the population of the Community as a whole?
Capitalism is a way of organizing an economy so that the things that are used to make and transport products (such as land, ships, oil, etc) are owned by companies and individual people rather than by the government. Well, we can also say that it is a economic system in wish means of productions and resources are privately owned and the production, prices and the distribution of goods are determined mainly by competition in a free market.
My definition of capitalism is freedom to establish commerce by the private sector for profit and gains without the government being involved. The problem is that its been abused by major corporations, in which they are taking advantage of the consumer and using their influence and money to control the population. I also believe that it has gotten to the point where now they control the government as the politician are basically being bought out by these corporations so they can lobby for these companies' gains. In my opinion there is no government only "BIG BUISNESS" Awesome question eyesay thank you
by ga anderson 6 years ago
Washington, DC - United States Senator Elizabeth Warren (D-Mass.) today introduced the Accountable Capitalism Act to help eliminate skewed market incentives and return to the era when American corporations and American workers did well together. The legislation aims to reverse the harmful trends...
by nightwork4 13 years ago
is there a better way then capitalism to run a countries economy?have you ever thought of a better idea then capitalism and what would you call it ?
by Scott Belford 10 years ago
It just occurred to me, and I wanted to record it before it slipped away again, that there are two types of Capitalism; Theoretical and Practical (Duh!) What I also noticed is that the endless debates about capitalism between the Right and the Left go on and on, into infinity without each...
by A Thousand Words 11 years ago
There's no one to step on/take advantage of anymore?Capitalism is defined as:- free-market system: an economic system based on the private ownership of the means of production and distribution of goods, characterized by a free competitive market and motivation by profit. Doesn't raise any red flags...
by Texasbeta 14 years ago
Today, neocons and liberals appear to have some basic historical points that we are still debating. The lines of the past appear to still be the lines of today.Separation of Church and State American Civil War - the right still seems to support the SouthThe New Deal and Roosevelt's...
by Charles James 14 years ago
There are many millions of people who are born in poverty, live in poverty, die in poverty, and leave their children in poverty. Getting out of poverty by individual effort is theoretically possible, and there are people who have broken out of poverty.A bit of bad luck can derail anyone's plans....
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