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Is capitalism good?


It's pretty important to note that comparing capitalist states and communist states isn't fair because there are so many uncontrolled variables.
Even USSR (basically the least capitalist state in history) had so much improvement in quality of life after the revolution because the wealth that was concentrated by the monarchs were distributed. After WWII, Russia was devastated, so they couldn't prosper as much as USA, which was basically untouched during the war. Capitalism the way it was done 50 years ago. Today it's perverted by helping friends in govt steal the public's money for a few cronyism elites.[1] capitalism has it's place. it is good when done fairly. everyone getting fair pay causes it to work well. the greed of most business owners is the only real problems with the system in place today. be the change of that by starting businesses that are different and pay fairly. Yes, capitalism is good. Read some of the large ideas N. Hill discovered when he interviewed founders of The Fortune 500 companies. Many of these founders were meeting basic human needs marketing affordable, needed products like cars, light bulbs, and steel. nobody cares about your opinion, sorry. An expansion of your question is required. In all economies capital is required, capitalism is simply the way we use capital. Therefore, capitalism is the only thing that exists. Can we classify it as good or bad in this sense? That is, if we can live that long. Capitalism is supposed to have more focus on meaning and information. But that's where we're headed, hypothetically There is no such thing as an inherently "good" economic system. As another poster stated similarly, an economic system is only as good as the people that compromise it. The ideal economic system is where people only spend money they actually do have, and only save a little amount. When people put money in banks, it means the government has to print more to compensate for the money not in circulation, causing the value of all money to go down by an equal amount a.k.a inflation.Consider a mitigated anarchy, one in which civil officials cannot exert coercive authority. There is still a community, but one that does not unduly infringe on individualism. Humanity will advance if the community is preserved, but the welfare of man is better entrusted to his own provision, not that of an arbitrary social power. This is not a reversion to the state of nature, simply a system conforming to its principal benefit: autonomy.Not problem solved, the advancement of humanity cannot happen if the deciding factor in whether a person lives or dies is there ability to steal or kill or otherwise physically assert theirself. Anarchism: Problem Solved
Can money buy happiness?
Capitalism is about as good as any other system, whether it be Socialism, Communism, or anything of the sort. All of them usually result in an oligarchy gaining all the power or all the money and imposing their power on everyone else to, in turn, increase their power / money. The moral justification of capitalism lies in the fact that it is the only system consonant with man’s rational nature, that it protects man’s survival qua man, and that its ruling principle is: justice. [2] Although in theory capitalism *might* work, in practice there is no single country in the word that implements it correctly, and in reality capitalism is biased towards greed of huge corporations instead of towards greed of individuals. In addition, corruption in capitalist societies is so vast and produces such staggering damaging consequences to the environment, people, and whole nations, that it scatters theory of capitalism into pieces. [3] The talk about labor mobility in free market doesn't mean the right of people to move anywhere they want, as has been required by free market theory ever since Adam Smith, but rather the right to fire employees at will. And, under the current investor-based version of globalization, capital and corporations must be free to move, but not people, because their rights are secondary, incidental. What is greed? Of course none of us are greedy; it's only the other fellow who's greedy. The world runs on individuals pursuing their separate interests. The only cases in which the masses have escaped from ... grinding poverty ... are the cases where they have had capitalism and free trade. If you want to know where they're worst off it's the kind of societies that depart from that. [4] A competition based economy invariably leads to strategic corruption, power and wealth consolidation, social stratification, technological paralysis, labor abuse and ultimately a covert form of government dictatorship by the rich elite. [5] As you liberated yourselves before from the slavery of monks, kings, and feudalism, you should liberate yourselves from the deception, shackles and attrition of the capitalist system. If you were to ponder it well, you would find that in the end, it is a system harsher and fiercer than your systems in the Middle Ages. The capitalist system seeks to turn the entire world into a fiefdom of the major corporations under the label of "globalization" in order to protect democracy. [6] Capitalism demands the best of every man – his rationality – and rewards him accordingly. It leaves every man free to choose the work he likes, to specialize in it, to trade his product for the products of others, and to go as far on the road of achievement as his ability and ambition will carry him. Is capitalism good?





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References:

1. http://buddeli.com/
2. http://www.takeonit.com/question/212.aspx
3. http://en.wikipedia.org/wiki/Criticism_of_capitalism
4. http://www.cato-at-liberty.org/2009/03/05/milton-friedman-defends-capitalism/
5. http://www.wanderingsandmusings.com/2008/10/zeitgeist-addendum-transcript
6. http://www.mideastweb.org/log/archives/00000622.htm


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