An economic system best suited to match mans personality and behavior. Capitalism is characterized by private ownership, and little or no government interfeirence in the marketplace. This is a great system if the government doesn't get involved. Capitalism is responsible for the high status of life ALL Americans enjoy on a daily basis.
A person wants money , so he makes a product and sells it. The person who buys that product gets that money from wages earned making other products, and so goes the cycle.
by mitch November 24, 2004
A form of government based on the idea that people who want to excel will excel, and those who do not wish to will not. It can easily be combined with democracy, though balance is needed for it to succeed, and oftentimes it can be corrupted. Though this has brought prosperity to the world not yet seen, it faces criticism from those who beleive in socialism, another effective form of government.
Capitalism: You have two cows, you sell one and buy a bull.
Socialism: You have two cows, you work and one is taken away to be given to another who has no cows because his have died due to neglect.
Socialism: You have two cows, you work and one is taken away to be given to another who has no cows because his have died due to neglect.
by Communism doesnt work August 15, 2004
The condition brought about by the ravages of capitalism in someone's life, as it pertains to their creativity and their general pursuit of happiness. Basically, suffering from the need to earn a living in a way that does not fulfill their deeper purpose.
I wonder if John suffers from capitalitis? He can't make ends meet but he seems to have given up wanting to work for someone else at a dead end job.
by AngelEowyn February 11, 2023
by IDipMyOreosInWater April 6, 2022
An economic system in which the industry and trade is controlled by private investors oppose to the goverment or society. Captialism in its purist form is known as free market capitalism. The primary objective essentially is to obtain profit. In a capitalist society, you have the right to commodities. Free market (supply and demand) is in controll of purchasers and marketers. This enables economic growth due to the fact that capitalism creates competition which incentives innovation and production.
It's completely environmentally beneficial because businesses know that if they exploit to much, their equity will deplete. Captialism leads to the dramitic decrease in poverty rates therefore benefiting all classes in humanity. As Miltion Friedman once said: "The great virtue of a free market system is that it does not care what color people are; it does not care what their religion is; it only cares whether they can produce something you want to buy. It is the most effective system we have discovered to enable people who hate one another to deal with one another and help one another". Capitalism shows that economic freedom and political freedom correlate. Lower taxes for more innovation which leads to economic growth since most wealth is produced by businesses and those businesses possess the right to obtain the profit they earn. Without Capitalism, the economy will plummet.
It's completely environmentally beneficial because businesses know that if they exploit to much, their equity will deplete. Captialism leads to the dramitic decrease in poverty rates therefore benefiting all classes in humanity. As Miltion Friedman once said: "The great virtue of a free market system is that it does not care what color people are; it does not care what their religion is; it only cares whether they can produce something you want to buy. It is the most effective system we have discovered to enable people who hate one another to deal with one another and help one another". Capitalism shows that economic freedom and political freedom correlate. Lower taxes for more innovation which leads to economic growth since most wealth is produced by businesses and those businesses possess the right to obtain the profit they earn. Without Capitalism, the economy will plummet.
by Timmins Coalition August 8, 2021
An economic system based on two basic truisms:
1. Humans are greedy
2. Humans act in their own self interest FIRST
Capitalism exploits these two truisms by creating an economic structure in which benefiting yourself benefits the society as a whole. For example, when Jeff Bezos created Amazon, he benefited himself by giving himself complete financial freedom; and he benefited the society as a whole by providing fast, reliable shipping and delivery.
1. Humans are greedy
2. Humans act in their own self interest FIRST
Capitalism exploits these two truisms by creating an economic structure in which benefiting yourself benefits the society as a whole. For example, when Jeff Bezos created Amazon, he benefited himself by giving himself complete financial freedom; and he benefited the society as a whole by providing fast, reliable shipping and delivery.
by NotPieGuy January 23, 2021
Terrible system where a lucky few are born into obscene wealth while the average person has to work 8 hours a day just to stay alive and those who can't find work starve to death.
We must never abandon capitalism because I deserved all 100 million of my dollars because I got lucky and was born into a rich family.
by Eddy December 23, 2003