It is a great practice because of the features it involves, like entrepreneurship, property, competition. We must of course consider a balance in our ideology. Both, socialism and capitalism are extreme sides of the balance. As an economic system, capitalism is the best, but as a moral ideology, we must think twice about it. There is no such thing as pure capitalism, we need government manipulation, otherwise it would be a mess.
Capitalism produces work ethic, freedom of choice, etc... Many hard working people america are being taxed to great lengths for working hard. Capitalism is the best option for american society, we were built on the fundamentals Capitalism. Having a President like Obama or Hilary will destroy the american dream. President Trump is the best thing for America right now. Capitalism for the WIN!
You have the right to keep the money you make. Everyone who lives in the nation that has a economic system of capitalism has the right to make money, start their own business, and keep the money the make from their own business. They money they make also doesn't get taken away from them if they make a lot of money and become rich.
Everyone who lives in the nation that has a economic system of capitalism has the right to make money, start their own business, and keep the money the make from their own business. They money they make also doesn't get taken away from them if they make a lot of money and become rich.
Because everyone can thrive in a capitalist economy. The lower classes can rise up and the upper classes can fall. In capitalism, everyone gets what they work for and deserve (more or less). If you are against capitalism, please tell me a better economic system? I'll help you with that: There is none.
Capitalism is the best economic system. With capitalism, more choice is provided than ever before. You can eat low fat food, organic food, free-range food… and you know exactly what you’re getting due to the statistics on the packet. No matter where you start in life, everyone has an opportunity to make it big.
Capitalism gives anyone with a work ethic, talent and good idea a chance to make something of themselves. Pure capitalism is often a mistake, as there needs to be some regulation to protect the overall economy and a safety net at the bottom, but both of these are boundaries that promote growth within a capitalistic system, and the results are often unattainable by other forms of economics.
No, I do not find the capitalist system to the be the best economic system. This system has supported terrible customer service from companies. This system has upheld businesses over consumers. This system supports the plethora of ads a person is subjected to on a daily basis. This system has left people with nothing.
Capitalism ruined Russian economy in 1900's and workers have very bad development in their tiny homes. Even Tsar was more fair than the capitalists. Also does "free, capitalist country" bombing one democratic but not capitalist country named Serbia and Montenegro with low-powered uranium?! You Americans don't know what capitalists do to workers and what your army really doing...
Capitalism, in many respects, is a good system. It allows talented, ambitious people an outlet for their abilities, and it weeds out inefficiency. However, there is a dark side to capitalism, in that those who have capital have more leverage to make more capital, and those who have no capital don't have any leverage at all. This leaves those with no capital in a desperate situation where either being taken advantage of or turning to crime are the only options.
In a system of pure capitalism, there is no incentive for companies to educate children. Companies that are looking at their bottom line would just figure that was an unnecessary expense and would figure that it was someone else's problem. Even in America today we don't live in a purely capitalist society, and corporations and companies that pay for a child's education is extremely rare. Some might figure that it is the parent's responsibility, but parent's cannot be experts on calculus, chemistry, software engineering, etc. To learn the basics in today's world, one needs a structured system of education that is undeniably expensive.
In a purely capitalist world, drug dealers would be of more value than teaches. A successful drug dealer can make multiple six-digit incomes, and can use that money to increase the scope of their empire. While a teacher averages around 45,000 dollars a year, and often struggles to pay the bills. Hardly a meritocracy.
There are definitely good aspects to capitalism, but if I am to answer an unnuanced question like "do you think capitalism is the best economic system" I'd have to say no. A better system would have moderating forces that give a hand up to the helpless (children especially), and limit the greedy and corrupt.
I do not think any form of economics is the best economic system. For a great economy, you have to mix a couple together. For example, in the United States, we have a mixture of Capitalism and Socialism. Americans work very hard, but are also benefitted by programs like social security and unemployment benefits.