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Capitalism- An economic system in which the means of production and distribution are privately or corporately owned and development is proportionate to the accumulation and reinvestment of profits gained in a free market.

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What ideology was Winston churchill?

Winston Churchill was a proud supporter of Capitalsim, and he hated Communism.


Does the US use a combination of capitalsim and socialism for a better democracy?

No.The U.S. though once a Democratic Republic, is now run by Oligarchy. Socialism has no place in the society, nor does democracy. The Democracy of the U.S. is a sham. This is evidenced by the latest documentary of Alex Jones "The fall of the Republic" as well as several other works by notable Journalists such as John Pilger and Peter Joseph.


What was Hitler's economic policy?

The Nazis were always vague about their economic policies and when they came to power in 1933 they had no real program to implement.the party orignally were as named a 'socialist' party, and their original policies reflected this in the '25 point plan' of 1920, which stated 'we demand the abolition of income without work, the profits of wholesale trade to be shared and the nationalization of all businesses.' However, Hitler was no socialist. Hitlers idea of socialism was that every individual and group in the state should unhesitantly work for national policy, regardless of class.though he wanted to improve the standard of life for Germany, he was also prepared to allow capitalsim and big business to flourish, as they were instrumental both in pushing the Nazis into power and to restore economic growth.the economy was also helped through a public works prorgrams providing more work, all males over the age of 18 having to do 6 months labour service. this all pushed the unemployment level down in 1933, as the country was going through the depression.the restriction on women working in this period also helped to push the unemplyment rate down also.Another effective policy was Germanys attitude to trade. they traded with poorer Eastern European or south American countries so that instead of being paying money for the materials (especially iron ore) they bartered German exports, in this way keeping a market for both exports and imports.a key economic policy in the period was also the 4 year plan, that's aim was to make Germany a self sufficient country. however, this policy was borne out of the fear of the blockade that starved the country in WW1, so it was a military policy in nature.Source : Mason, K.J., Republic to Reich, Second Edition (2003, Mcgraw Hill, Australia)


How has Islam culture affected the world?

Persons that professed the Islamic faith made many Scientific, Mathematical, Astronomical and Architectural advances, especially in Southern Europe and Northern Africa, during the Middle Ages. They didn't suffer from most of the Plagues that Christendom did, because of their Hygienic practices or 'Ablutions' that the Koran required. I'm not saying that Islam is the best religion; I'm Christian (not a member of "Christendom") and very proud of it. However, during the Dark Ages, Christendom was led by 'political motivated' religious rulers who tortured, killed or caused the death of more of their own followers through 'infighting', superstition, greed, starvation and/or lack of decent hygiene for the common people than any other group did. This was how the Muslim World was able to make so many advances. Read your history books. Christendom eventually conquered Islam.


What us the difference between capitalism and communism?

depending upon the situation one is better than the other, but for poor people communism is the way to go if it is tackled well.Personally, I think communism may be the better idea giving everybody equal economic power and having the state own property and control the economy. It's a very generous system for the poor and lower class. Karl Marx definitely had a good idea going, plus it has an awesome symbol ☭.But as far as putting one into practice, I would probably prefer capitalsim. Even though communism sounds great, think of being equal to everyone else in terms of your economic situation, although you don't have to worry about being terribly poor you also cannot be terribly rich either. Plus in the early days of communist Russia, there were very, very tough economic times meaning it is probably a bear to get started. So maybe it's just my selfish side kicking in, but I think I would rather live in the US than the old Soviet Union.I agree, Capitalism is a better way to go, because it motivates people to work, communism de-motivates therefore productivity suffers.Capitalism should be regulated by a third party entity, typically a government. We have seen in the recent years that capitalism can be just as bad as communism if it is unregulated. As corporations have no allegiance to any country or community, only to $$$ the quality of life for the majority of the society goes down. Corporations become to powerful and "buy" governments to serve their agenda. In the process they maintain the status quo, suppressing progress and any innovation.