Capitalism

Most people don’t have a choice, as capitalism forced on them by the ruling class.

Europe. Capitalism fully flourished there in the 1800's but the seeds of modern capitalism could already be seen as early as the 1500's.

Free markets in which suppliers and demanders can enter and exit the market at their own discretion are fundamental to the capitalist economic system.

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.

Charles Edward Russell was a muckraking American who founded the NAACP, gave up on the corrupt Republican and Democratic parties, profoundly opposed communism (he particularly despised Lenin), and branded his pooled trust/share the capitalistic wealth ideology as: Socialism. The pooled trusts envisioned by Russell were a means to maximize profits and distribute the revenue to the producers instead of the executives. His core ideology was to reduce the abusive concentration of wealth and power in the hands of the elite (aka, the 1%) and share the profits with the producers (aka, the 99%) thus raising the standard of living for all.

Russell had seen the pooled trust business model in the form of cooperatives succeed for farmers in his native Iowa, but he also watched as these small Iowa cooperatives were defeated by the powerful New York and Chicago railroads which used their monopoly powers to control the flow of agriculture to distant markets and thus skimmed all of the profits away from the farmers and their trusts. Russell keenly observed that monopolies and the resulting concentration of power were to blame for the low living standards, and often abject poverty, of producers.

Sponsored by Upton Sinclair, Russell joined the Socialist party and ran for Mayor, Governor, and U.S. Senator in New York. He almost ran for President, but he was rejected from the Socialist party in 1917 due to his outspoken support for U.S. intervention in Europe to help the Allies defeat Germany in World War I. At the time, many members of the Socialist party in the U.S. were either German immigrants or decedents of German immigrants who strongly opposed the war.

The definition of State Capitalism is "an economic system that is primarily capitalistic, but there is some degree of government ownership of the means of production" (http://www.wordnetweb.Princeton.edu/perl/webn) or a capitalist system where the government runs businesses. A popular example of state capitalism is the economy of China, where the state owns thousands of companies.

A free market is a theoretical term that economists use to describe a market which is free from governenment intervention, such as no regulation, and minimal government ownership. Examples of this form would be Somalia or Afghanistan.

Most capitalist economies fit inbetween these two extremes. The economy of the United States is a free-market economy but also favors a small degree of state enterprise and public goods provided by the state.

yeah

Capitalism allows people to own private property, have the right to gain wealth and compete in the market. This promotes a growing economy where competing industries produce higher-quality products. Capitalism also allows individuals to earn money based on the importance of their role in society. If doctors didn't earn more than carpenters, no one would become a doctor and we'd have a shortage. This system encourages people to contribute to the economy, thereby gaining wealth for themselves and promoting wealth for others.

Capitalism is not without it's flaws, and there are many different forms of it.

(see the related link for a historical perspective on Western capitalism)

Capitalism is an economic system. Mercantilism is trading.

The term more often used for such a form of capitalism is LAISSEZ-FAIRE ECONOMICS.

Free Enterprise

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Free enterprise exists regardless of the risks involved for the business people so long as they can make a profit. Capitalism is a dream of the very wealthy to fore go any responsibility in relation to the place that they occupy in society and be able to accrue wealth without necessarily putting any thing back into society.

government control of business

for the short term yes, communist states can exist with capitalist states, possibly for hundred of years, however if marx is right someday the revolution will be worldwide and capitalism will cease to be the domanate mode of prodution, when that day comes those is unknown and is likly hundreds of years in the future. right know humanities most pressing issue is to stope climate change from becoming out of controll.

Some would say the Industrial Revolution came between the two and formed the transition.

Another view is that mercantilism, which arose during the later half of the Middle Ages, and is exemplified by the activities of the Hanseatic League, and the banking system that arose after the disbanding of the Knights Templar, gave rise to a system sufficiently like capitalism to go by that name.

It is a matter of Communists disliking the capitalist system, not individual capitalists. Capitalism involves exploitation, inequality and poverty; it is also unnecessary, as a society based on common ownership and production for use could produce more than enough for everyone.

He pursued o policy of active gov't intervention in the economy, called the New Deal. It included an increased program of public works. The Works Progress Administration (WPA), established in 1935, was a gov't organization employing about 3 million people at its highest. Workers built bridges, roads, post offices, and airports.

Roosevelt also created a U.S. welfare system. it gave old-age pensions and unemployment insurance.

autocorrect

capitalism: wages, production for sale, class ownership of the means of production

Free-market capitalism is based on free markets, private ownership of the means of production, and limited regulations and some government provided goods and services.

Mixed capitalism has more heavily regulated markets, mainly private ownership of the means of production but also features a greater role for state-owned enterprises, and usually has economic intervention in markets to correct market failures.

Both are similar in that they are both based on the process of capital accumulation, both systems attempt to maximize private profits, and both are mainly privately-owned.

In some ways, it can help individuals. You know there is no government to help nor hinder you, so you understand well that you will either sink or swim. You know that if you want anything in life, you will have to work hard and make it happen. You would be able to call nearly all the shots with your own money. If you become one of the strong ones, you can make it.

However, there are downsides. Not everyone can compete in a capitalist world. Because of handicaps and discrimination, not everyone would have the same chances of getting ahead. So a system designed to make everyone strong as individuals may actually make some weaker. As a result, those who cannot compete in a capitalist world may turn to crime or otherwise take from others.

not sure need help too.

The traits would be that of property ownership, free enterprise, market mechanism and limited government role.