capitalism

Howard Durham V

the definition of capitalism

an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.

benefits of capitlism

Economic freedom helps political freedom. If governments own the means of production and set prices, it invariably leads to a powerful state and creates a large bureaucracy which may extend into other areas of life. Efficiency.

The facts

The fundamental law of capitalism is: When workers have more money, businesses have more customers. Which makes middle-class consumers — not rich business people the true job creators. A thriving middle class isn’t a consequence of growth which is what the trickle-down advocates would tell you. A thriving middle class is the source of growth and prosperity in capitalist economies.