'''Capitalism''', also called '''free market economy''' is an economic system where the investment of capital, and production, distribution, income, and prices are determined not by government (as in a planned economy) but through the operation of a market where all decisions regarding transfer of money, goods (including capital goods), and services are voluntary rather than regulated and mandated by government.
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'''Capitalism''', also called '''free market economy''' is an economic system where private citizens are free to make decisions about the investment of capital. Decisions regarding transfer of money, goods (including capital goods), and services are mostly voluntary instead of determined by government (as in a [[planned economy]]) .
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 claimed that the system is dehumanizing to the working class and poor.
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Critics of capitalism, most famously [[Germany|German]] [[philosophy|philosopher]] [[Karl Marx]], have claimed that the system is dehumanizing to the working class and poor. "The rich get richer and the poor get poorer".