what is capitalism,and who benefits from capitalism?

Answer 1

Capitalism is an economic system where private citizens develop and control the machines, factories, technologies, etc., that produce most of the country's goods. By itself, though, this definition tells us nothing about who benefits from the system's operation. 'Capitalism' is consistent with both 18th century London (child labor, seven-day workweeks, no welfare or unemployment benefits, etc.) as well as modern 'mixed' economies that attempt to provide worker assistance and regulate labor markets. A government's economic policies (taxation, employment assistance, etc.), and its political and legal institutions have a great impact on how the potential economic benefits are spread around the population.

Most people today would agree that, on the balance, capitalism provides more benefits than problems. It is, undoubtedly, the most productive economic system ever attempted in human history. This by itself, however, is no guarantee that capitalism will benefit broad segments of society instead of just a few sharp business owners. Thus the need to look at the broader set of political/legal/economic institutions in a country -- these together with the economic system will shape the structure of opportunity in a society.

Answer 2

Benefits Of Capitalism

Answer 3

What is capitalism -

You decided to make and sell a software product and employed a software application designer to come up with a good marketable product. He gave a design for a product for $500. With that design you employed 5 freelance programmers and they made the product ready. You paid them $500 each. You spent another $500 for advertisement and marketing and put the stuff in the market using eBay and such sites. Now your total expense for making that product is $3500. Incredible as it may seem, the product was a hit and became a millionaire in no time by selling that product.

Now we have this $1M. Please compare the contribution of each member of the team towards producing this $1M worth of sales. Do you think everything is fair in you getting the entire $1M when you compare what YOU contributed to that product which fetched the $1M.

Apart from the CAPITAL investment of $3500, you did nothing. It is the work and skill of the other 6 people that made the product worth $1M. But they get nothing other than the meager cost of labour. This system is called capitalism. In capitalism, the person who has the CAPITAL is the one who benefits most out of the collective efforts of the others who doesn’t have it.

Answer 4

Although nowadays there are ideological capitalists - people who support a set of ideas about the economic benefits and importance of "free markets" - the term capitalism was first used to describe an the system of private investment and industry with little governmental control which emerged, without an ideological basis, in the Netherlands and Britain in the 17th and 18th centuries. A "capitalist" was an individual who invested money (or capital) in a given business venture. ...
academic.brooklyn.cuny.edu/history/virtual/glossary.htm

Answer 5

Capitalism is an economic system in which the means of production are mostly privately owned, and capital is invested in the production, distribution, and other trade of goods and services for profit in a market. These include factors of production such as land and other natural resources, labor and capital goods. Various theories have tried to explain what capitalism is, to justify or critique the private ownership of capital, to explain the operation of markets, and to guide the application or elimination of government regulation of property and markets.Capitalism is about giving everyone an equal opportunity to make the most of their lives. Those who do, reap the benefits; those who don't, suffer the consequences.

Answer 6

Capitalism is based on the belief that the best form of government is allowing the free market to control, with no regulation on business. Supposedly, if purchasers don't like the way a company does business, they can take their business elsewhere. Unfortunately, those who begin with more power can control the markets better than those who have to purchase from them. It doesn't take into account monopolies, agreements between businesses for price setting, etc.

Answer 7

Communism of the rich, just as communism is state capitalism. It should be called capitalisTism, because it gives all credit and power to the investor. Actually, the employees create the value of the investment; the investor is just the hired help. He provides a handful of seeds, worth $1; the employees produce the crops, worth $100.

It is more important to end aristocracy by abolishing inheritance and cutting off the children of the successful from their parents at age 18. Allowing such unearned competitive advantages proves that capitalists don't really believe in their own values, just as the wealth of the Christian clergy proved that their ideals were false and hypocritical. So we shouldn't listen to the well-financed propaganda of the rich that justifies their freeloading off our work.

Answer 8

Capitalism is the name given to normal way of living by the communist minded people who do not believe in individual talent.
Capitalism rewards a person according to his talent. Communism believes in robbing the rich and paying the poor.

Answer 9

The extreme micro-minority; less than 2% of the population in the united states actually benefits from the capitalist system.

Answer 10

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