While a mixed economy is needed (as the economy will always balloon and deflate) Capitalism far outweighs any other economic system in pros instead of cons.
- It is fair and just
- It encourages innovation
- It provides choice and freedom on expression
- It is a check and balance system on the largest scale
No economic system can limit the greedy, The corrupt. No economic system can turn a society into a utopia purely because it's fair (much like socialism, Except that socialism is forced fairness with government intervention 100% of the time). It's unfeasible. A better question would be "how to return morals to the common person" not "can we distribute wealth easier"
That is what capitalism is about really. The government provides us the essential. Healthcare, Education and safety and etc. NOT FREE MIND YOU. But just the essentials. Then we use those essentials to build our lives on and work hard. Capitalism rewards those who can contribute to the society. If you work hard and climb through the ranks, Sooner or later, You will earn big bucks too. Capitalism is the equality of opportunity. Socialism is the equality of outcome. Think carefully what of America was meant to be. The land of opportunities, Or the land of no income equality. Income equality sounds horrible right? Yeah sure, Sounds nice. Where everybody earns the same and is equally poor. Sounds like paradise to me.
Also, Sweden Denmark or whatever countries you guys pull out of your ass, Aren't socialist countries. They are countries with a capitalist market. They just have socialist programs that's it. You might be thinking, Well free healthcare is still moral, . . . Right? No. Free healthcare =/ Freedom of healthcare. Where do you think the government gets the funding to give everyone free healthcare comes from. From the rich? What if the rich runs broke? Now who do we take from? That's right, Everybody. Your tax rates are going to sky rocket. Which is what Sweden Denmark and Norway is essentially. Their tax rate for someone who's earning 60k per year is. . . . Wait for it. 60. 4%. Now think of all of the illegal immigrants that is coming into the country. They can use our free healthcare right? Isn't that moral. No. Your tax rates are already going to be so stifling high that you would feel naturally unfair that your tax payer dollars goes to pay for these people's healthcare when they don't even belong to this country. Now. . . Why do you want open borders again?
This argument is highly biased and might have a few mistakes in them. Cheers
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.
An economic system that works on capitalism encourages growth and rewards hard work and those who are willing to innovate or work for what they want. Some restrictions may be needed to prevent a complete monopoly, but only one that furthers but not hinders growth. Some socialistic ideas like free healthcare and basic education should most definetely be carried on. Those who have a problm with free healthcare because they have a slightly larger tax lack a generous heart, but those who want a complete communist world where all live and earn the same despite their difference in hard work have no brain. The should be a balance. Australia seems to be going okay so far....
Capitalism is a great system. It’s an opportunistic system and allows achievers to flourish and be rewarded for doing so. Communism and socialism are for the envious who haven’t made the best decisions in life so have the attitude that “if I cannot live this lifestyle, no one else can.” It’s laughable really.
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.
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.
- crapitalism is amoral, Authoritarian, And without responsibility for the actions or suffering it causes.
- it distinctly separates us into classes, With more divisional lines for us to fight about, Have/have nots, Race, Etc
- crapitalism is not about the people, It only works in the benefit for a few, And ignores those in real trouble. Capitalism creates so much unneeded suffering.
- it's shortsighted. It never accounts for long term sustainability or preservation.
- it creates a necessity for neverending war.
- it excels as a system of exploitation (wealth and power redistribution to the top).
- it has an overwhelming lack of social mobility.
- capitalism breeds racism. Richard Spencer terms the new white supremacist movement as "identity politics", Because of how many poor whites there are.
How hard you work is irrelevant in a capitalist economy, loopholes are what is relevant, giving your soul for money is the only way to move up in class, what you're passionate about does not matter, its all about the money, its unfair, its sick. Socialism has its downsides because you cant earn more money no matter how hard you try to and how much effort you put in your job, that is an oppressive system of economics, what we need is for people to get paid based on the importance, effort and value of their job, the more you work the more you make regardless the industry or job position you have, if you can manage to improve you should be earning more.
If an economic system is based purely on competition and working for one's self, then many people will fall behind regardless of their work ethic and intelligence. One characteristic of capitalism, especial in the forms we have seen in so far, is the nature of companies to form in a hierarchical fashion with mass share holders, and boards of directors (who are chosen by these mass share holders) at the top, and the average worker at the bottom. In this system it is vastly undemocratic, and is unfair to the worker because in order to become a mass share holder you need a lot of money to buy millions of shares. So essentially in capitalism with the shares system you can't rise to prominence in a company unless you have enough money to buy a lot of shares, or get on the good side of those immensely rich share holders.
So instead of this capitalist system, you could have one where workers communally own these companies. Instead of the share holder controlling what the workers do and how a company is run, the workers would elect people to the board of directors to represent their interests. This economic system would not be one run top down like capitalism, or totalitarian socialism as it was in the Soviet Union, instead it would be run bottom up. This idea could be combined with universal health care, and education, as well as government bodies meant to insure companies followed through with this plan to abolish shares and create democratic workplaces, and you would have a far better system than capitalism. And that is just one possible better system than capitalism.
Capitalism needs to be controlled such, that it always serves the social imperative. There is nothing wrong with some being better off than others, providing some limit upon personal wealth can be agreed as just. Some people will always be broke at the end of the day they need firm help.
I don't mind having people that like money make money but when they start to think they are entitled to more of everything and don't need to follow rules then pure capitalist does not seem the best way to run a country. I think there needs to be a balance between making money and taking care of the planet. Capitalist seems to promote money making at the expense of justice and fair play in all aspects of life on this planet.
Capitalism WAS a good 'fire starter' in 19th century. It's 2018 and our world is smart enough to come up with better alternatives. We should warn those pyromaniacs that it's dangerous and self-destructive. Our future needs more stability. We created too much tension and stress in our society with capitalism. It's time to rethink on this prolonged discussion.
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.