0
At present no one knows. There has never been anything even remotely resembling a capitalist system in the world. In a truly capitalist economic system there would be no nationalistic compulsions whatsoever. There would be no reason to do anything for anyone without expecting payment. That does not mean that we throw charity out of the door. However with the type of industry we have today it would not take long for all of the wealth to be concentrated in a very small group of very powerful people. There would only be monopolies in the end because there is no good reason to not have monopoly private security armies would defend the interests of those wealthy enough to afford them and the rest would simply have to cop it sweet.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
What type of economic system does Scotland have?
capitalist
An economic system where people can start their own business?
The Capitalist Economic System bc it is privately owned
Which of the following is part of the basis of a capitalist economic system?
a. competition
Economic resources in the capitalist system are brought together by..................?
Entrepreneur's.
Which type of economic system does a capitalist country have?
Free-market
What type of economic system does Scotland have?
capitalist
What type of economic system does South Korea have?
Capitalist
What economic system does a capitalist country?
free market
What type of economic system did Romania have in 1900-1910?
A capitalist system.
An economic system where people can start their own business?
The Capitalist Economic System bc it is privately owned
Which of the following is part of the basis of a capitalist economic system?
a. competition
Economic resources in the capitalist system are brought together by..................?
Entrepreneur's.
What type of economic system does Greece have?
Greece is a capitalist economy
Which type of economic system does a capitalist country have?
Free-market
What is barbados economic system?
Barbados is a democratic capitalist economy.
Modified capitalist system Lenin used to avoid economic disaster?
New economic policy.
What was the modified capitalist system Lenin used to avoid economic disaster?
Lenin called it the "New Economic Policy." It was more of a modification of the socialist system, which Lenin had imposed on the country than a modification of the former capitalist system.
