An economic system based on private ownership of the means of production, in which personal bling
can be acquired through investment of capital and employment of peeps
. Capitalism is grounded in the concept of fo' real
enterprise, which argues that the man
's intervention in the economy should be restricted and that a free market, based on supply and demand, will ultimately maximize consumer dough
. These principles were most notably pwned
in Adam Smith's treatise, The Wealth of Nations (1776), in which he opposed the prevailing theory of mercantilism. Capitalism has existed in a limited form in the economies of all hood
s, but its modern importance dates at least from the Industrial Revolution that began in the 18th century, when bankers, merchants, playa
s and industrialists (the bourgeoisie) began to displace landowners in political, economic, and social importance, particularly in Great Britain. Capitalism stresses freedom of individual economic enterprise; however, government action has been and is required to curb its playa-hating
, which have ranged from slavery (particularly in Britain and the United States), haxors
An economic system based on private ownership in which the major goal is to obtain profit. A free market economy.
The United States is a capitalist country.
You have two cows. You sell three of them to your publicly listed company, using letters of credit opened by your brother-in-law at the bank, then execute a debt/equity swap with an associated general offer so that you get all four cows back, with a tax exemption for five cows. The milk rights of the six cows are transferred via an intermediary to a Cayman Island company secretly owned by the majority shareholder who sells the rights to all seven cows back to your listed company. The annual report says the company owns eight cows, with an option on one more. You sell one cow to buy a new president of the United States, leaving you with nine cows. No balance sheet provided with the release. The public buys your bull.
Normal guy: "Dude, your company just took a crap but you just bought that mansion! How'd you do it?"
Douchebag CEO: "Capitalism."
A system that never really existed and is made fun of by people who desire socialism, which also has never really existed.
Political economist are the modern sophist.
A economic system which is usually short lived before becoming corporatism
. In this system, everyone is said to have an equal chance to become rich, depending on how hard they work. While this is true of capitalism, usually by the time a capitalists become rich, corporatism is born. A system where the rich get richer and the poor get poorer. While Capitalism is a good idea, in theory, it is not in practice. Just like communism
. Neither work. Usually, the only way for a semi-capitlist state to exist for any length of time is through democratic socialism
Capitalism kicks ass! Now that I'm rich, I don't have to work, and since there are no taxes on the rich, I can just keep making more and more money without any idea of what to do with it! Nevermind the fact that other people need this money more then I do, it's mine, and I deserve to keep it, even though I'll just use it to buy things which I don't need, then keep the rest for my son to inherit, so he doesn't have to do any work either! Isn't "capitalism" fun?
a system that allows socialists to sell their books and make profits too!!!!
marx became popular because of capitalism, which sold his books, not socialism, which took them away.
A system of poltical, social, and economic organization, in which, physical force is barred from human relationships. To the extent that it has been tried, its results have been amazing. I am typing this on a computer made by the capitalist system, for instance.
While there has been no example of pure capitalism, America at certain times in history was close, and Hong Kong has been close to pure capitalism. Notice the level of economic develop of these places under capitalism.