2007-06-01 19:46:57 · 9 answers · asked by Anonymous in Social Science ➔ Sociology
There are 2 types of capitalism: unregulated capitalism and regulated
capitalism.
Unregulated capitalism is self-explanatory. Unregulated capitalism
is what the randists want.
In regulated capitalism, everyone must be paid in proportion to the
quantity and difficulty of their work, such that there would be no more
ultra-rich people, and no more people that are poor despite hard work.
There are also regulations on the quality of products and services,
and on working conditions.
Regulated capitalism is equally hated by proponents of unregulated
capitalism and socialism.
2007-06-01 21:49:22 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Well , Capitalism brings about an economic system based on a free market, open competition, profit motive and private ownership of the means of production. It not only encourages private investment but open equal oppurtunituies for all humans to grow and fulfill . You can be small investor in a Co. yet hold the equal rights as of the owner. IIt is slowly but steadily bringing a sea change in economic empowerment of Asian countries.. like India, china
2007-06-02 02:57:13 · answer #2 · answered by Profit from it.. 2 · 0⤊ 0⤋
Nice for the west, but not applicable for much of the rest of the world... Not enough ressources to replicate this model to larger countries, like China and India... So Capitalism will surely die, as those countries will surely come up with an alternatives and since we need them to grow, we will follow their exemples sooner or later. This process has already begun at the same time as the US went in Irak...
2007-06-02 02:56:27 · answer #3 · answered by Jedi squirrels 5 · 0⤊ 0⤋
I tkink it's about run its course. We tried it, it had its good points, but they're far outnumbered by its bad points. As for an economic system, it only promotes the most savage and corrupt tendencies of the human spirit, and is based on the principle that I got mine-screw you. I am a socialist, and I make no apologies for such. I am not into telling people what they can say or believe, but I'm also not into the politics of creating class divisions based on the fortuitous odds of being born into "old money"- the most despicable kind.
2007-06-02 06:37:10 · answer #4 · answered by RIFF 5 · 0⤊ 0⤋
I think in it's pure form it's a little harsh (a lot of people hit lows sometimes and it's nice to have some form of a safety net to help people back up), but all in all it's great. It fosters competition and that fosters innovation. It's why Japan is so cool.
2007-06-02 02:55:24 · answer #5 · answered by Cesar B 1 · 0⤊ 0⤋
Capitalism, Communism, Socialism and so on - all 'isms' are sprinkled with strong elements of exploitation of the under-privileged by the privileged!
2007-06-02 02:57:29 · answer #6 · answered by Sami V 7 · 1⤊ 0⤋
It's a pyramid, the rich on the top, and the poor on the bottom! Communism is the same! only it's the leaders on top and the masses on the bottom! The poor never win! Have a good day.
2007-06-02 08:47:28 · answer #7 · answered by wheeliebin 6 · 1⤊ 0⤋
A free market economy? I'm all about it!
2007-06-02 03:12:08 · answer #8 · answered by regina 5 · 0⤊ 0⤋
Like any other system, it's great when you're at the top.
2007-06-02 16:38:10 · answer #9 · answered by leeceegee 4 · 0⤊ 0⤋