Capitalism

Definition: an economic system in which property and the means of production are private (privatization means in the hands of an individual, not the government)

Opinion: I love capitalism, it continues innovation via monetary inventive, and rewards hard work (economic studies show about 80%-90% of millionares/billionares worked, instead of born into wealth)

Criticisms: criticisms from socialists, communists, social democrats, and anarchists have critiqued the capitalist system, but I still believe that wealth inequality is a good thing, some people work harder than others, and in the capitalist system, there is monetary incentive to innovate

Capitalism

2👍 3👎