Capitalism

by: Ashly Salazar

What is Capitalism?

Capitalism is an economic and political system based on the recognition of individual rights, which allows a country's trade and industry to be controlled by private owners for profit, rather than by the state. Everyone is paid the sufficient amount that they work for and people are free to buy or sell things without the government or state's approval.

Benefits:

Capitalism,provides more choice than ever before, you can eat any kind of food; low fat food, organic food, and free-range food. One of the basic principles in Capitalism is that the harder you work, the greater your reward and pay, and it works perfectly with democracy: everyone gets 1 vote, and thus equal power politically, whatever their race, political views or gender.Capitalism also allows the economy to grow exponentially.

What is Capitalism? Part 1
What Is Capitalism? Part 2
While it might seem at first glance that everyone is selfishly working for their own money, it becomes apparent that every job has a benefit for someone else. One of the most common arguments that capitalists use is that capitalism works perfectly with human nature or greed, and it does. Though it sounds like a bad thing, greed is rewarded duly with large amounts of money and the entire economy is fueled by people working hard to furnish their own needs.