nsTeam1RO, nsTeam1RW, nsTeam1_talkRO, nsTeam1_talkRW
11,789
edits
Changes
Jump to navigation
Jump to search
mLine 1:
Line 1: − − The number of how many have died as a result of capitalism has been lost, but it surpasses [[communism]] by miles. Line 37:
Line 35: − +
Reverted edits by Godblessamerica1337 (Talk) to last version by RJJensen
[[Image:Tokyo Stock Exchange.jpg|thumb|Tokyo Stock Exchange]]
[[Image:Tokyo Stock Exchange.jpg|thumb|Tokyo Stock Exchange]]
'''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 [[socialism]]) but through the operation of a competitive market where decisions regarding transfer of money, goods (including capital goods), and services are voluntary and private rather than regulated and mandated by government (see [[law of supply and demand]]).
'''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 [[socialism]]) but through the operation of a competitive market where decisions regarding transfer of money, goods (including capital goods), and services are voluntary and private rather than regulated and mandated by government (see [[law of supply and demand]]).
==Overview==
==Overview==
==Capitalism and Society==
==Capitalism and Society==
[[Image:Ludwig von Mises.jpg|thumb|100px|Ludwig von Mises]]
[[Image:Ludwig von Mises.jpg|thumb|100px|Ludwig von Mises]]
Historically, capitalism has fostered freedom, and vice versa. Societies that have tried non-capitalist systems inevitably fall into tyranny. Examples of these free countries include [[Guatemala]] under [[Anastasio Somoza Debayle]], [[Chile]] under [[Pinochet]] and [[Germany]] under [[Adolf Hitler]].
Historically, capitalism has fostered freedom, and vice versa. Societies that have tried non-capitalist systems inevitably fall into tyranny.
For example, [[Venezuela]], while not a perfect country before [[Hugo Chavez]], had freedom and wealth unprecedented in its history. As Chavez has nationalized industries, he has also centralized power, and become a virtual dictator.
For example, [[Venezuela]], while not a perfect country before [[Hugo Chavez]], had freedom and wealth unprecedented in its history. As Chavez has nationalized industries, he has also centralized power, and become a virtual dictator.