Capitalism

What is Capitalism?


1.

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 pwnedin 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 pwnageall 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

Tim: GET OUT OF MY SIGHT YOU LIBERAL PINKO COMMIE!

2.

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.

3.

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.

4.

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.

5.

Capitalism is a social system based on the recognition of individual rights, including property rights, in which all property is privately owned. Under capitalism the state is separated from economics (production and trade), just like the state is separated from religion. Capitalism is the system of of laissez faire. It is the system of political freedom.

I value individual rights, therefore I promote capitalism.

6.

Capitalism is a system of economics where you invest 'capital' into ventures and get money (more than your investment) if it succeeds. It is a system that rewards people with ideas. People who spew the whole: rich get richer, poor get poorer are slightly off. If you have an idea, you can get rich. In other systems, like communism or socialism, you have no way to improve your lot in life, but with capitalism, you at least have a chance

capitalism doesn't exist only to feed fat greedy wealthy white men.

N. Korea=less wealthy than America

7.

Common synonym for greed

Hey! Capitalism! Didn't your mother ever tell you to share?


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