Capitalism

Capitalism An economic system which the means of producing and distributing goods are owned by a small minority of people. The rest of the populace must work for the minority of people who own the land, factories, etc. and be paid a wage for their work. In capitalism, the motive for producing goods and services is to sell them for a profit. The products have to find a buyer. The business head can make the prices whatever they want so they can make a reasonable profit. Competition with other businesses can change the price of goods as well. In the capitalist system, the majority of the time the rich tend to get richer and the poor remain poor. Many times the welfare of the workers and what would be best for them is 'thrown out the window.' Only how much money the business can make is taken into mind. Greed plays a huge role in capitalism. And politics are also ruled by the rich in the capitalist system. These same problems were talked about by the fore fathers, and tried to prevent the wealth gap in politics, but failed. Greed and corruption did and still do play a huge role in the capitalist economy, and usually influences the political system of a country as well.

"What is Capitalism?." World Socialist Movement. World Socialist Mo vement, 13 Aug. 2006. Web. 12 Jan 2012. .