Difference between revisions of "Capitalism"

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[[Category:Liberty, Rights, Property, Coercion, Government, Markets and Capitalism|700]]
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[[Category:Ideology|700]]
 
[[Category:Institutions|100]]
 
[[Category:Institutions|100]]
{{DES | des = Capitalism (and [[entrepreneur|entrepreneurship]]) are based upon the coercion that creates rights.  Capitalism, like fire, is most valuable when it is used for desired purposes ([[Deregulation|regulated]]), not burning indiscriminately. | show=}}
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[[Category:Capitalism, Markets and Laissez-Faire|100]]
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{{DES | des = Capitalism (and [[entrepreneur|entrepreneurship]]) are based upon the [[coercion]] that creates [[rights]].  Capitalism, like fire, is most valuable when it is used only for desired purposes ([[Deregulation|regulated]]), not burning indiscriminately. Without strong regulation, capitalism is responsable for [[Colonialism and Imperialism|colonialism, imperialism]], [[Governments are just the biggest mafias.|mafias]], [[slavery]] and many other atrocities.  Capitalism always exists as a part of a [[Mixed Economy]] or [[Social Democracy]].  Bartering and other exchanges, even in markets, do not make capitalism: private ownership of the means of production does. Indeed, [[markets]] are not distinctive to capitalism; they exist in all economic systems more sophisticated than a hunter-gatherer economy.  A major problem of capitalism is that generally the upper classes rob the lower classes. | show=}}
 
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Frequently it is claimed that [[capitalism]] is responsible for alleviating world [[poverty]].  Yes, some.  But Communism was also successful at alleviating poverty in the Soviet Union and China.  [[Science]] (mostly publicly funded), public [[Education]] and [[Democracy]] can also take credit as well.  Attributing it all to capitalism is [[Greedy Reductionism|greedy reductionism]].
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Some, like [[Thomas Sowell]] misrepresent capitalism as merely trade.  "Capitalism... is simply the freedom of ordinary people to make whatever economic transactions they can mutually agree to."
 
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{{List|Capitalism|links=true}}
 
{{List|Capitalism|links=true}}
 
{{Quotations|Capitalism|quotes=true}}
 
{{Quotations|Capitalism|quotes=true}}

Latest revision as of 00:12, 16 June 2021