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The ONLY economic system that rewards people who are more intelligent and productive than others, as well as the ONLY system that promotes freedom, individualism, and human progress. As opposed to socialist systems which insist on equality ahead of anything else, equality which has to be ENFORCED by big government, and have led to tyranny in countries like Cuba, China, and especially the Soviet Union.

However, is not a perfect system, and does have some problems. Most of them are caused by the government because it is working in tandem with the private sector (see crony capitalism). Even crony capitalism is far better than socialism.

Unfortunately, capitalism has a bad name among young people these days, often associated with the words "pig", "bastard", and "evil." Maybe because they think that America (which is NOT a purely capitalist country, and is still basically the best country in the world) is the only example of capitalism, and they don't like the fact that they have to go out and get jobs.

Socialists advocate redistribution of wealth and worker-run companies. Communists advocate similar things, except enforced by totalitarianism. See Soviet Russia.
Suppose you are a highly intelligent, productive person.

Socialism: You live in a crappy housing block with some other intelligent, productive people, and some disgusting, unintelligent, unproductive bums, who make ABOUT as much money as you. You work a job assigned to you by the state, which most likely does not have anything to do with your skill set. You know you will never become wealthier or improve your lifestyle, so your motivation to work hard is almost nil.

Capitalism: You had a good idea and were good at business, so you live in a beautiful house, drinking expensive Champagne and surrounded by beautiful models, and do whatever the hell you want to all day. Well, OK, not always, but at least sometimes!

Me: I'm an intellectual, and I believe in capitalism.

Stupid teenager: I'm an intellectual, and I'm a socialist because I have read the writings of Marx and believe in public management of business.

Me: No, you're a stupid teenager, and you're a socialist because you don't want to get a DAMN job!
by Capitalism be da man March 16, 2011
26 40
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 hoods, but its modern importance dates at least from the Industrial Revolution that began in the 18th century, when bankers, merchants, playas 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(In Diablo and CS servers), and apartheid (in South Africa) to monopoly cartels and financial fraud. Capitalism does not presuppose a specific form of social or political organization-type shit: the democratic socialism of the Scandinavian states, the consensus politics of Japan, and the state-sponsored rapid industrial growth of South Korea while under military pwnage all coexist with capitalism. Yet despite the capitalist ideal of “hands-off” government, significant government 1337ness has existed in most capitalist nations at least since the Great Depression in the 1930s. In the United States, it exists in the form of subsidies, tax credits, incentives, free hours of AOL, and other types of exemptions. Though private production plays a major role in the economies of Germany and Japan, both nations have centrally planned industrial policies in which bankers, industrialists, playas, pimps, hos and labor unions meet and seek to agree to wage policies and interest rates; these countries reject the idea of letting the bling wholly determine the economy. The collapse of the Soviet Union and its fugly states in Eastern Europe (1989-91) left those countries with a heavy burden, much shit, and an uncertain future, representing a substantial retreat in the power of capitalism's traditional economic opponent, socialism. Also uncertain is the future course of China's economy, in which small-scale capitalism is increasingly allowed within a strictly Communist political deal.
Joe: I think Capitalism is a sham and can seriously hurt countries economically
by Honest Abe December 22, 2004
1276 380
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.
by Gavrik July 04, 2005
805 210
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."
by DeskFlyer August 21, 2009
444 202
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.
by Squamous Chicken August 19, 2003
292 186
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.
by sorry can't give you that February 23, 2008
322 246
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?
by Eriond November 20, 2004
424 349
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.
by Drew Rawlings January 02, 2004
363 292