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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 My Esoteric3 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...
by Charles James6 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...
by A Thousand Words4 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...
by Texasbeta7 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...
by Kathryn L Hill5 years ago
-today in the Forums, it was stated that socialism offers freedom and low taxes. This is what we have learned today, 3/9/13 from advocates of Social Democracy for the United States (A Social Democracy promotes a gradual...
by Charles James7 years ago
As some fellow hubbers will know, I am involved in writing hubs for a Socialism 101 series.There are a few issues raised by the conservatives where I do not fully understand what they are saying. Before I address these...
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