2007-01-14 14:37:23 · 6 answers · asked by Anonymous in Social Science ➔ Economics
The true idea of Capitalism is the importance of personal property with few if any government sanctions. The Problem with Capitalism is that inevitably there is winners and losers. America itself is not a pure capitalist society. If you think about it you take out a loan to purchase a car or a house who do you get that money from? More than likely the bank. Who regulates the banks? The federal government. So you do not actually own your home or automobile the government owns it. In a warped sense the Western idea of capitalism fits more in line with socialism. I personally think capitalism is not an all bad economic system however most economic and political ideologies are not bad in theory. The problem I believe with America's adaptation of capitalism is that it leads to elitism. A large portion of the nations wealth is owned by a select few. Since Reagan's trickle down economics failure it's getting harder and harder to better your lot in life. Education is becoming more expensive jobs security is a thing of the past. Without these two factors people are not able to save their money and invest in the economic system of our country. The void is becoming greater between the upper few percent of Americans and the rest.
2007-01-14 14:54:48 · answer #1 · answered by sk8drnkpunk 2 · 0⤊ 1⤋
People who don't understand true capitalism think that it's a zero sum situation. They believe that in order for one person to get rich he has to take the money from another person, but that's not right at all.
The capitalist economy actually creates jobs and money, so we all win when we use our creativity to provide a service or product that others may want.
Everyone wins with pure capitalism, but it has troubles when it's heavily regulated by government. Still, even with those burdens it makes for a booming economy. Like what we live in right now. Just imagine how prosperous we'd be if the gov would stay out of the mix and quit taxing profits to pieces.
Even though there is no "poor soul sacrificed," the people who are considered "poor" have 2 cars, their own home, 3 or 4 TV's, cell phones, DVD players etc etc. They're much better off than the middle class was just 20 years ago. So the Reagan economic theories really worked by pulling millions out of poverty, but we're so spoiled we still complain.
2007-01-14 22:47:32 · answer #2 · answered by Anonymous 7 · 1⤊ 0⤋
I reject the idea that those at the bottom are sacrificed or exploited. A similar non sense would be to blame the hard working on the plight of the lazy. Is it the fault of smart people that there are stupid people. Do educated people become educated at the expense of the ignorant.
Just doesn't make sense to say the poor souls at the bottom are being sacrificed unless they are commiting suicide.
2007-01-14 22:48:45 · answer #3 · answered by Roadkill 6 · 1⤊ 0⤋
In a capitalist economy, everybody has the opportunity to do the best with what he has. If he chooses not to perform to the best of his ability, then he is going to end up as a "poor soul". If he chooses not to get the best education possible, then he is going to end up as a "poor soul". If he spends his "freaking time" on Yahoo Answers, he is going to end up as a "poor soul".
Get with it, and do it to it.
2007-01-14 22:43:26 · answer #4 · answered by rb_cubed 6 · 1⤊ 1⤋
Thank you Johnny.
2007-01-14 22:46:01 · answer #5 · answered by thresher 7 · 1⤊ 0⤋
Pick yourself up and do something about it. Many of us have.
2007-01-14 22:42:10 · answer #6 · answered by Johnny 5 · 2⤊ 0⤋