Sorry Uberman-you are mistaken. Capitalism is not based on greed, but rather based on the idea that the fruit of a man's labor belong to that man to decide how to use. It simplifies the barter system, by standardizing the trade mechanism into a form of "capital" (hence the term).
With capitalism, if I grow a better crop, I get to keep that crop and trade it for capital, which I can then use to purchase things I need. Rather than have to trade my wheat for chickens I don't need, to trade those for the iron I do need.
Under socialism or communism, individuals do not own/control the fruit of their labor, but rather the community or the Government does.
Not a very good thing.
Perversion of anything is bad...but don't blame the mechanism for the faults of humans.
Communism is where the government controls what's produced, socialism OWNS what's produced, and capitalism says "I earned it-it's mine...now bite me"
In which the rich get richer and the poor get poorer.
The current world is in capitalism.
The social system that centers on the production and accumulation of wealth. Originates from the latin word "capita" which means "head" as in "heads of cattle".
Capitalism cannot easily fail, as it can rename "wealth" to whatever is suitable to ensure its survival.
A dirty business
*nico bellic put a dollar into a vending machine*
*the machine swallow the cash but doesn't give out the canned drinks it contains*
nico: capitalism is a dirty business
Religion has been called "the biggest lie in human history". For a thousand years the Church was a tyrannical dictatorship that used religion to control the uneducated masses. Now it has been replaced by CAPITALISM, a modern version that uses Banks as its places of worship where Lenders and Servicers officiate.
It remains the same stupid lie and the same rules apply.
Cloning and self-reproduction
When Capitalism becomes excessively inflated, it will burst and disperse into smaller units, often destroying many of its supporting hosts in the process. Each smaller unit will then starts feeding upon the remaining hosts to recreate the same uncontrollable monstrosity called CAPITALISM.
This entity is being worshiped with religious fervor nowadays.
The biggest lie of all time. Only an enlightened few can see it. It is the cause of 90% of the worlds current problems such as global warming, Imperialist wars, racism, homophobia, weak healthcare systems, unemployment, poverty, etc. Turns otherwise intelligent people into raving, brainwashed idiots that relly think they're free in America.
Capitalism is why the banks got bailouts and you didnt.
The political concept where each individual person is born (life) free (liberty). Thus the free individual has sole rights of self (property) and self-determination to remain free (pursuit of happiness).
The means of doing this is a peaceful participation in exchanging of goods and services with other individuals (market), who are also respected as free men, in a contract called society.
If everyone recognized the simplicity of these principles, a state would not be needed, but alas, for those who hate freedom, deny private ownership, or operate on pure greed at the expense of others' (nullifying their freedom), a limited state/government is a necessary evil to protect the individual's life, liberty, and pursuits of happiness.
This is Capitalism. There is no such thing as non-Capitalist economies, non-Capitalist economies like communism are merely state or collective capitalism.
So, in summary, there is either individual Capitalism (stated above) or collective/state capitalism (the numerous communism, socialism, monarchism, oligarchy variations).