Changes

One self-regulating feature of capitalism is competition, which helps maintain fair market value for goods and services.  However, ''unrestrained'' or ''pure'' capitalism may sometimes create a positive feedback loop in which a small number of individual accumulations of capital grow ever larger, eventually becoming so few as to limit effective competition, thus ceasing to strictly be free-market capitalism.  In this regard, pure capitalism is unstable.  Modern political systems have developed regulation mechanisms in an attempt to render capitalism more stable, including anti-trust regulation, trade tariffs, etc.

One self-regulating feature of capitalism is competition, which helps maintain fair market value for goods and services.  However, ''unrestrained'' or ''pure'' capitalism may sometimes create a positive feedback loop in which a small number of individual accumulations of capital grow ever larger, eventually becoming so few as to limit effective competition, thus ceasing to strictly be free-market capitalism.  In this regard, pure capitalism is unstable.  Modern political systems have developed regulation mechanisms in an attempt to render capitalism more stable, including anti-trust regulation, trade tariffs, etc.

Since the fall of [[communism]], and the advent of information technology, capitalism is becoming increasingly widespread. Unlike communsim, which has taken over 100 million lives, no capitalist society has ever been responsible for mass murder and genocide.

Since the fall of [[communism]], and the advent of information technology, capitalism is becoming increasingly widespread.

[[Adam Smith]] described the operation of capital accumulation through the productive powers of labor as such,

[[Adam Smith]] described the operation of capital accumulation through the productive powers of labor as such,