Tuesday, October 28, 2008

Capitalism

What is the positive side to capitalism?
Capitalism promotes economic growth and gives people the incentive to work harder. This pursuit of success can bring around technological innovations. Capitalism is largely controlled by market forces, where the government is hypothetically less involved. It can also strengthen foreign relations through company controlled trading through the free market. It also lacks a centralized system of coordination so ideally everyone living in a capitalist society everyone works together and is not controlled by some higher power. Governmental manipulation of capitalism can result in market distortions such as shortages and surplus’, thus it is a system controlled largely by the citizens themselves.

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