Difference between revisions of "Capitalism"
From Conservapedia
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Since the fall of [[communism]], and the advent of information technology, capitalism is becoming increasingly popular. | Since the fall of [[communism]], and the advent of information technology, capitalism is becoming increasingly popular. | ||
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| + | Critics of capitalism, most famously [[Germany| German]] [[philosophy| philosopher]] [[Karl Marx]], have argued that the system is dehumanizing to the working class and poor. | ||
==External links== | ==External links== | ||
*[http://www.capmag.com Capitalism Magazine] | *[http://www.capmag.com Capitalism Magazine] | ||
[[Category:Economics]] | [[Category:Economics]] | ||
Revision as of 03:50, April 14, 2007
Capitalism, also called free market economy is an economic system based upon private enterprise and where investments, production, distribution, income, and prices are determined through the operation of a a market where all decisions regarding transfer of money, goods (including capital goods), and services are voluntary rather than regulated and mandated by government.
Since the fall of communism, and the advent of information technology, capitalism is becoming increasingly popular.
Critics of capitalism, most famously German philosopher Karl Marx, have argued that the system is dehumanizing to the working class and poor.
