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What does capitalism do?

Updated: 8/23/2023
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11y ago

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Capitalism refers to the accumulation of capital (money seeking to grow itself) through investments, finance and venture capital activities. This refers to the process of "making money", which is actually just an accumulation of existing money in circulation within the economy.

Supposedly, the process of "making money" corresponds to the production of useful goods and services in the economy. But this is not always the case, as there are many redundant and parasitical activities that do not correspond at all to producing actual utility for the economy.

The outcome on culture is typically one where the common person is interested in making-money, often for its own sake, and on short-term interests.

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11y ago
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6y ago





Capitalism is an economic system in which wealth, and the means of producing wealth, are privately owned businesses and controlled rather than commonly, publicly, or state owned or Capitalism is the exchange of supplies or goods between businesses and the people for money, of course.

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14y ago

Capitalism is quite simple, and based on human nature: take what you can get whenever possible - personal gain is always preferred over gain of the group.

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