Capitalism

The consumer is considered King, in a capitalist economy, because the spending of the consumer is what drives the entire economy. The more the consumer spends the better the economy becomes.

There are five facts about capitalism. The five different facts of capitalism are popularity, better health, promoting social good, bring out the best in everyone and greater freedom.

division of labor

finance,steel,inferstructor, oil,textile

Latvia is quite a capitalist economy. It has a small welfare state and flat taxes. It is a business friendly and open economy. Compared to continental Europe there are less regulations, but less redistribution of wealth leading to quite high number of poor people. Privatization of old communist industry has mostly been completed.

The true statement is,

Socialism Developed From Sommunism, it's A.

(By Solomon Zelman)

Socialists and capitalists would both agree that capitalism is a necessary step in the challenge of societal development. Socialists, however, believe that socialism should be the next stage of development.

A monopoly is the ultimate goal of an individual company or enterprise in a truly capitalistic society. However, capitalism also means free and fair market competition so laws have been enacted to prevent total monopoly of any particular industry but not of a particular process, item or service.

Competitive capitalism is where profit is accepted as a good motive for working and businesses often will set up against each other in some ways to do the best they can. It ensures that the user or consumer has good products at a good price.

The overthrow of capitalism was the policy of the Communist International, which held its first annual congress in Moscow in March 1919.

Easy...Start by enraging about 30% of the people into murdering the Redcoat Policemen,confiscate all the wealth and Land of the Loyal Tory New Englanders

and murder,tar and feather them,and force them to leave and go live in the wilds of Upper Canada.Deflect and blame this blatant thievery and Mafia tatics on the pursuit of liberty and self determination.Get the miserable French to help you do this for their own agenda against Great Britain and Civilization.

Result is 10% of population of North America own 90% of the wealth and land and exploit the 90% poor masses but the illusion created is they are being exploited under the capitalism system by their own good old boys.

Besides, the British Empire was passing Laws to banish Slavery in England [1805] and great men like Willberforce and Canning were able to banish slavery throughout the British Empire by 1833.It would take a bloody Civil war and nearly 40 more years later for this to take place in what would become the United States .The Capitalists of New England [and Canada] were not crazy about this for obvious reasons just like they weren`t in England and France and it was easier to convince the Southern Planters to opt for a revolution and unrestricted ,explotive,userous Capitalism.

If you privately own the means of production, you probably will 'produce capitalism.' The means of production: factories, machines, tools et. all.

Classic factors: land, labor and capital stock (+ entrepreneurship).

adam smith

Nikita Khrushchev, then-premier of the Soviet Union, made a remark during a meeting with the Western diplomats on November 18, 1956 in Moscow, that was interpreted as telling the Western nations "We will bury you". The actual phrase was closer to "We will dig you in", meaning that Communism would outlast Western democracy. During the Cold War between the US and the USSR, it was widely reported as a threat and evidence of the hostile and imperial intentions of the Soviets.

Khruschev maintained his reputation as an erratic bully when he later attempted to bang his shoe on a lectern at the UN General Assembly, blurting out an idiomatic Russian threat that roughly translates as "We will show you", but because of its uniqueness, was, once again, translated as "We will bury you" by the dumbfounded translator. It is this incident that most stuck in the collective memory of the West.

In pretty much every way you can think of. Under Marxism, there is no individual wealth. Under capitalism, that's everyone's goal.

As described by Marx & Engles in their early writings Marxism/Communism is the ultimate inevitable economic system resulting from the historically unavoidable collapse of capitalism. It is seen as a spontaneous transition/break that could be neither hindered nor assisted, but only waited for. When the time was right the change would happen in the vast majority of industrialized capitalist countries almost simultaneously, then spread to the remaining industrialized capitalist countries, then finally to the poor agrarian colonial countries.

Yes, there would be no wealth but also no poverty; the state would know everyone's exact abilities and needs seeing that every individual that could work got their ideal job and whether they could work or not got every need satisfied. The workers would not need to be paid and neither would they need to buy anything. The already preexisting universal capitalist system of company towns housing workers and their families and company stores serving those towns would be used by the new state to provide the needs of the people.

The excess wealth already generated by the preceding capitalist system of the wealthy industrialized capitalist countries was seen as being more than adequate to fund the new communist system replacing it... forever.

Later Marxists like Lenin got impatient with "historical inevitability" and tried accelerating the process before all the required conditions for the collapse of capitalism could come about. We see where that got them.

Many of the conditions that Marx & Engles considered universally inevitable (e.g. company towns & stores) turned out to be only transient phenomena of the business environment of their time.

Sort of false. Too much of the American economy is managed by the government at every level for this to be a really capitalist economy. There are too many "barriers to entry" of new businesses into the marketplace.

Prime current example; Uber and Lyft, the smartphone managed "ride sharing" services. Many of these services are being opposed by governments who are somewhat dependent on taxi company taxes and registration fees. If Uber and Lyft were to really be successful, the taxi companies would go broke, and would stop paying fees, taxes and bribes.

Cable TV and phone systems are in bed with the FCC and municipal governments, which "manage" these industries to the benefit of the companies and the politicians who get enormous "donations" from the managed businesses. Ever hear of Aereo?

Banks and financial firms may be the LEAST capitalistic, because EVERY aspect of their businesses are (mis-)managed by the governments.

To simplify it, it is the idea that if everyone acts in their best self interests independently, the economy will naturally turn out the most efficient outcome. This means that government or regulatory bodies do not need to be involved in price or resource allocation.

The free market system in which markets regulate themselves through price is usually a good place to start.

-Think Law of Supply and Demand- This is a major part of capitalist markets

Adam Smith said something to the effect of the market is operated by some "invisible hand" that makes everything run smoothly, capitalism is a system in which the "invisible hand" is allowed to operate.

There are many reasons for this, but the primary reason is that in spite of it's brutality and repressiveness, capitalism does make people more sophisticated, more well rounded, more subtle creatures. Capitalism created the necessary prerequisites in people for them to start to think in such ways as to facilitate the rise of more humanistic philosophies.

Give it a couple of weeks.

Capitalism encourages the rapid growth of the economy because people have to work hard to have enough money to live.

Capitalism is based on a number of key principles, the most important of which is private property. A capitalist is precisely someone who owns means of production and controls a significant bit of capital, this is founded on private property. If private property is abolished, capitalism cannot exist.

Japan operates a market economy that adheres to many basic capitalist concepts. However because it does expect citizens to pay tax for infrastructure and some public services so it would be fair to describe it as a mixed economy.

Capitalism was self destructive. It allows exploitation of man and when they realise this he will revolt against the system!