Capitalism is good because you have the right to choose what you want.
2007-03-27 15:10:27
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answer #1
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answered by FRAGINAL, JTM 7
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not as much as Socialism. in my opinion, there are three types of Economies. Capitalism, which you earn what you make. Socialism, which you pay very high Taxes but all the money goes back to the people(remember, this is not Communism, That is in the next one). The final one is Totalitarianism, which you pay very high taxes and the government keeps all the money.
the Reason why i support Socialism is because in order to pay the taxes, you need to keep a job, which critics say that if you get free money, you don't need to work. Socialism also prevents HUGE gaps between the rich, middle class, and poor. Under Socialism, the GDP is not that great, but the economy grows stronger and also, just to let you know, the Homeless rate in Socialist countries like Sweden and Norway are EXTREMLY LOW!!!
If you are wondering what some countries economies are, here are some;
Capitalism: USA, UK, most of EU, Japan, Post-War Iraq
Socialism: Sweden, Norway, Denmark
Totalitarianism: Russia, China, Iran, Pre-War Iraq, Albania
(Now remember, this is about economies, not governments, don't mix the two up)
2007-03-27 15:34:53
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answer #2
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answered by Hopeless 2
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Capitalism is the incentive for most people to improve the quality of their lives and the lives of all people around them.
Capitalism rewards the diligent, the hardworking, and provides for the creation of and accumulation of wealth.
Think about the alternative, communism. What did that get the Russians? Nothing.
Notice the Chinese are privatizing their economy and moving towards a capitalistic/market economy.
When the Chinese communist party recognizes the value of a capitalistic, market economy that's proof that well-regulated capitalism works, creates wealth and improves society.
I'd say that China is 10000 percent better today than 40 years ago.
2007-03-27 15:11:28
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answer #3
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answered by krollohare2 7
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No the rich monopolize everything, and they keep getting richer whilst inflation makes life harder for everybody else. The divide between the have and the have-nots gets larger every day. Some have to work their asses off in 50 hour weeks, in say factories for minimum wage, and some banker who doesn't even contribute to society gets three or 4 times as much money, for half the work.
As for free markets, the banks determine 90% of how much everything is worth, so they bring in phases of low interest where everybody gets loans etc, then after the majority have been suckered into this the banks raise interest rates massively. They make money out of nothing (just numbers on a screen), and lend it to you, and if you can't make these numbers balance they take all your worldly posessions. Banking: the biggest scam ever divised by a man.
The military-industrial complex is now here to stay, another loophole in the ideals of capitalism, where the world may well be at jeperdy from bought-out governments.
http://www.youtube.com/watch?v=8y06NSBBRtY
2007-03-27 15:17:17
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answer #4
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answered by Anonymous
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Capitalism promotes growth through competition. This is how society and civilization continues to grow. However, capitalism is bad when the system is abused, which is evidenced by the recent financial crisis.
2016-03-18 06:05:15
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answer #5
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answered by Anonymous
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It's not perfect, but it's better than lots of alternatives. I love it, I went to school, worked hard.
America needs to make capitalism work for everyone. Everyone deserves a good education and the oppotunity for a good job. Such a system would go a long way to curing a few of societies ills.
2007-03-27 15:10:55
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answer #6
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answered by Liam M 4
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Timo Salani
2016-12-12 20:17:09
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answer #7
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answered by ? 4
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No. The best that can be said about capitalism is that it is not as bad as other economic systems.
2007-03-27 15:17:14
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answer #8
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answered by Anonymous
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Well, believe it or not socialist governments like Sweden, Norway, Finland, Denmark, do both right and they have robust economies. One thing I like about Finland is their traffic tickets are graded by the wealth of the person caught. Timo Salani (the rich NHL hockey player was fined $50,000 for his speeding ticket - ouh, that hurts!
2007-03-27 15:42:03
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answer #9
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answered by Anonymous
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If you mean a free-market system, yes I do love it. Not because of any economic benefit, but because the free market alows the greatest freedom to the individuals.
2007-03-27 15:12:04
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answer #10
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answered by timm1776 5
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