What is Capitalism?
An economic example in which factories, equipment and other means of production are privately owned rather than controlled by the government.
Positive and Negative of Capitalism
Pros- Economic freedom helps political freedom.
Winston Churchill said that there's no better alternatives.
Cons- Monopoly power to charge higher prices.
Social benefit ignored.
Inherited wealth and wealth inequality.
Where can you find Capitalism?
Canada eh, Japan, Austria, United States, and mostly everywhere.