Benefits of capitalism
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Capitalism has many benefits compared to other economic forms.
- In general, capitalism produces more wealth.
- Capitalism actively rewards positive traits like hard work and ingenuity. Similarly, it punishes negative traits such as laziness and theft.
- Capitalism is more compatible with democracy than other systems. In fact, there are few republics or democracies in the modern world that are not capitalistic.
- Capitalism is more compatible with Christianity than other systems.
- Free markets are the natural state of trade. Unlike socialism, which requires government interference, capitalism can develop naturally. Therefore, capitalist societies tend to have smaller governments.
- Free markets can conduct certain functions that are normally handled by the government. Therefore, capitalist societies tend to be more efficient.
- Governments in capitalist societies tend to generate more wealth, since more wealth is being produced. Therefore, capitalist societies tend to be stronger.
- Capitalist societies usually do not have large black markets. Therefore, capitalist societies tend to have less crime.