Marx's argument against capitalism is that it resulted in the creation of a class struggle between the owners and controllers of the means of production in society (the Bourgeoisie) and the mass of common laborers (the Proletariat) who were oppressed and exploited by the Bourgeoisie. Capitalism is designed to extract as much surplus value from the labor of the workers (profits) as it possibly can. In order to maximize profits capitalists force the Proletariat to work to a point where their lives, health and ability to enjoy life in general deteriorates.

the term whas coindes by adem shadow:

Yes: people in Communism are free to do worthwhile and rewarding work, and can live comfortably with free access to what has been produced. Under capitalism, the vast majority have to work for an employer and their consumption is limited by their wage.

Some of the strengths of capitalism are the providing of a scale of wages in which one can acquire wealth. There is also investment in the means of production to generate profits for investors and owners. The main weakness is that this can lead to monopolies and great wealth being held by a very small percentage of a country.

While some believe that they were born together that is not necessarily true. Capitalism came centuries before the industrial revolution however it only came about in small regions such as the UK and the US. It wasn't until the Industrial Revolution that capitalism made it's moves to becoming global (which some countries rejected quickly such as the USSR) and having the markettrulybecome thefundamental aspects of most societies. So the relationship ultimately in myopinion(i sayopinionbecause some would beg to differ) is that capitalism came first in the 15th century then the industrial revolution came in the 19th century and was pretty much capitalism'ssteroidsallowing it to rule the land with a significant enough amount of roid rage to terrify every peasant in it's path but yet make every capitalist gleeful with it's strength.

The economic system where operations are funded by profit and where production and distribution are corporately or privately owned is capitalism. Examples of countries that use capitalism include the United States, United Kingdom, Canada, Japan, Denmark, and Australia.

The state has several roles to play in capitalism. Firstly, it exists to protest the interests and power of the capitalist class against the working class. Also, since capitalism is a fairly anarchic system in some ways, a political establishment is required to bring some order to what would otherwise be a very unstable situation politically and economically.

A society with none of the hallmarks of capitalism, i.e. classes, wages, production for sale, government, armies. So Communism, a classless stateless society based on production for use.

Capitalism as a social system promotes individual rights. In capitalism, everyone is free to do as he or she pleases so long as their actions do not interfere with the rights of others. The government's power is limited to the protection of these rights (laissez-faire capitalism as a political system) and everyone can enjoy a fearless way of life.

Continuing on the economic and political train of thought, capitalism has a 100% free market economy. You are allowed to enter or withdraw from it as you please and place items up for sale with no outside interference. This means that there is no income tax or anything of the sort. What you make is completely and entirely yours.

Much of the criticism of capitalism stems from the thought that the rich will become richer and the poor will become poorer. What they fail to say is that the PRODUCTIVE rich will become richer under capitalism and the UNPRODUCTIVE poor will become poorer. Controversy also stems from the belief that only the selfish and corrupt can succeed in capitalism and that everyone has a duty to others. Those three points each represent different things: That everyone must be selfish to succeed in capitalism is true to an extent- so long as the "selfishness" is RATIONAL (see: Objectivism); that only the corrupt can succeed in capitalism is incorrect and is actually quite untrue- the corrupt will logically not have their products bought for they will, logically, be sub-par (see: nihilism); and that everyone has a duty to others is a fallacy that stems from the irrational fear that always seems to pervade anti-capitalist thought- upholding this doctrine of self-sacrifice can only lead to communism or socialism (see: Marxism as well).

While it is true that capitalism will have a very wealthy upper-class and a very poor lower-class, there is no law that could exist in capitalism that would prohibit charitable foundations that still would continue to give to the poor; capitalism only says that you may not force one to donate.

I hope this answers your question- and, for more information, do read up on Objectivism, a staunchly pro-capitalist philosophy.

The US Constitution says absolutely nothing about capitalism. The only oblique reference to capitalism is in the Preamble where it has the phrase "secure the Blessings of Liberty to ourselves and our Posterity". Liberty, when the US Constitution was written, referred to economic freedom to open, manage, and close businesses as well as freely shop at any business. So, the US Constitution was arguing that one of the key purposes of the US Constitution was to guarantee a free-market economy.

They did not really expect the emergence of political parties.

Parties came into existence with a significant disagreement over how to interpret the Constitution.

Washington's Treasury Secretary, Alexander Hamilton, was a "loose constructionist," one who believed that the Constitution should be interpreted loosely. Thomas Jefferson, Washington's Secretary of State, and James Madison, the "Father of the Constitution," were "strict constructionists," those who believed that the Constitution should be interpreted as it was written.

Followers of Hamilton came to begin calling themselves Federalists, and followers of Jefferson/Madison, Democratic-Republicans. These were the first political parties.

For more info, go to www.constitutioncenter.org and run "necessary and proper clause" in the Search section. Do the same thing in the Interactive Constitution section.

Also a review of the Federalist Papers would be worthwhile, particularly Federalist #45 and #51 (both written by Madison). They are a little hard to read, but will give you a good idea of what the Framers (and the representatives of "We the People" in the ratifying conventions) had in mind when they wrote/ratified the Constitution. See: www.yale.edu/lawweb/Avalon/federal/fed.htm.

Good luck.

It is a capitalist country: most companies are privately owned with some exceptions at key industries, namely oil and electricity.

Adam Smith A+

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Capitalism is prevalent in the global economy because this economic system allows individuals freedom to make choices. With this system, people are free to do what they want to do and use their money where they want to.

I just learned this. Communists wanted to spread communism. And russias army was scary. USA was like screw that, we're not going to bow to anybody. NUKES. But russia responds quickly, and because they have a single party communist government at the time which pretty much means no elections, they have exellent spys. So Russia discovers the nuke tech. from the USA then the cold war is on. Not helped by the cultural revolution in China; USA backed the side that lost. Basically the communists won.

It was NOT the Industrial Revolution, it was the Commercial Revolution.

In a capitalist system, the means of production are privately owned and operated. Over time, this results in resources being controlled mainly by large corporations and conglomerates. Capitalism is driven by profit motive, so in a capitalist system, the allocation of resources is decided based on making money according to supply and demand.

In a socialist based economy, the means of production are publicly-owned, meaning resources would be allocated according to the needs of the people by a governing body.

No. Communist don't have much power.

Capitalism has not managed to take hold any where yet. The united states likes to put itself forward as a capitalist country, however the USA is a mixed economy where the government still pulls the strings and passes laws that interfere with the free flow of business. This they do to protect the so called common good, which is all very nice but it is socialism. Capitalism puts the accrual of wealth above all else and it has just not reached that point any where in the world. The Economic crisis bail out proves that the world is run on a collective socialist basis's. By people that are just plain dishonest.

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The two most important aspects of capitalism would first be the private ownership of the means of production. That is, land, factories, etc. are not owned by everyone but are owned by a few, the capitalists. The workers must try to sell their labour power to the capitalists in order to survive. Secondly, the driving force of capitalism is the accumulation of capital for the sake of the further accumulation of capital. It must grow and expand at whatever cost, otherwise a crisis will promptly follow.

Austria is predominantly capitalist, but has numerous socialist aspects to its economy.