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What is "Capitalism"? Is it a system you like? Why or why not?

1 Answer

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Capitalism is often thought of as an economic system in which private actors own and control property in accord with their interests, and demand and supply freely set prices in markets in a way that can serve the best interests of society. The essential feature of capitalism is the motive to make a profit.

You can decide if you’d like it or not

Like: I like this system because capitalism allows individuals to participate in actions within the market based upon their own interests. Within a capitalist society, every individual has the opportunity to create wealth within their lives.

Dislike: I dislike this system because capitalism can cause inequality, market failure, damage to the environment, short-termism, excess materialism and bust economic cycles.
User Jarek Kardas
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