The Future of Capitalism in America
The Capitalist Economic Philosophy
Throughout its history, capitalism has brought significant gains in economic growth and prosperity. Capitalism has long been the dominant structure in the United States. It is defined as an economic system in which the factors of production are owned and controlled by private individuals or businesses rather than by the government: entrepreneurship, capital goods, natural resources, and labor. The sustainability of capitalism relies on a free market economy, driven by supply and demand.
“The primary advantage of capital is that it provides a strong incentive and incentive to build, expand, innovate, enhance and advance in a positive way. Many who believe in a free market system argue that free markets and competition contribute to productive enterprises and, ultimately, to better goods and services. These motivators for best practices and consumer incentives combine to create a positive feedback loop or a virtuous cycle in which consumers spend more money and companies innovate more.” says Ziad Abdelnour, Lebanese-born American investment banker and financier. In addition to the above, the capitalist system allows the market to decide how to distribute resources. This implies the distribution of capital, labor, and natural resources where they can have the greatest impact (profit) and thus the economy becomes self-organizing.
Much of the world has been dominated by Marxist socialist ideology for much of the 20th century, and while Marxism has been rejected worldwide since its economic collapse, its influence has penetrated much deeper into Western thought than most of us know. Unfortunately, the majority of Americans still hold many socialist hypotheses as facts relevant to modern economics.
The Socialist Economic Philosophy
The closest alternative to capitalism is socialism. It provides a system where the means of production are owned by both individuals and governments, and they may compete. There may be a combination of state-owned oil producers and private-owned ones in the oil industry, for example. It gives more control over strategic assets to the government and may provide more income than just tax collection. The downside of socialism is that it is not possible for the government to be as efficient as an operator, and therefore not as profitable as private rivals. It may also mean that favorable terms and treatment are obtained by state-owned companies.
And as growing populations continue to push our limited resources further, this would lead to more shortages and more poverty in the long run. Also, because resources are assumed to be minimal under socialist ideology, the accumulation of wealth must take place at the expense of someone else. In other words, without making others poorer, one person can’t become richer. Making a profit is known to be cheating, and others are robbed of those who become insanely rich. This makes it the primary cause of poverty. It couldn’t have been any more than reality. You’re totally wrong if you really assume that this is the way the world works today.
All these hypotheses are myths, logically unfounded, and human experience has consistently proved wrong. This is precisely why the theory of Marxism died in the first place. There is nothing justifiable about this way of thinking. These same ideas have been tried and wretchedly failed. Renaming philosophy is not going to make things function magically. Then why do so many socialist fools really believe that? Since people are unable to think for themselves and are ready to obey everything the government says blindly. News promoting this socialist agenda is nothing more than an effort to manipulate you mindlessly and you will be destroyed until you stop consuming the poison they feed you and start thinking for yourself. It is the fundamental values of our government that ultimately direct our public policy, no matter how we Americans label ourselves-freedom-lovers, liberals, individualists, or capitalists.
How is capitalism impacting people?
Capitalism can make sense for someone who owns a business and hires other workers: the more money your business takes in, the more wealth you have to share with your employees, which ideally increases everyone’s standard of living. It’s all based on the theory of supply and demand, and consumption is the king of capitalism. The problem is that many capitalist bosses are not good at distributing wealth, which is why one of the greatest criticisms of capitalism is that it is a major social and economic driver of inequality.
Capitalism takes the view that ‘greed is good,’ which its proponents claim is a positive thing: greed fuels profits and profits fuel creativity and product creation, which suggests that more options are available to those who can afford them. Capitalism is exploitative by nature, say its critics, and leads to a brutally divided society that tramples on the working classes in favor of fattening the wallets of the rich. Secondly, wealth is not about money alone. True wealth is about others’ empowerment. As theorized by socialists, wealth and profit creation are not generated at the expense of others, but are rather created for the good of all humanity, even though people behave creatively in their own self-interest. The benefit is only a minuscule part of the creation of wealth; the other much larger part is passed on to customers in the form of better goods, a new standard of living, and enabling all humanity to share in the wealth produced.
The advocates of capitalism believe in several main points: economic liberty contributes to political independence and having a state-owned means of production can lead to federal overreach and authoritarianism. They see it as the only sensible way to organize a society, maintaining that alternatives such as socialism, communism, or anarchism are doomed to fail. “As former British Prime Minister Margaret Thatcher, who is said to have devastated the British working class by her pro-capitalist stance, once put it, “There is no alternative.
When asked to consider the negative impact of capitalism on the environment and our shrinking natural resources, many say that as they continue to decrease, those resources will only become more valuable and capable of generating more capital. They also believe that business-to-business competition benefits consumers by making products more affordable and that the dog-eat-dog atmosphere of capitalism encourages individuals to work harder to achieve their dreams. By saying that rich people are rich because they are more productive than their poorer counterparts, they are likely to dismiss anti-capitalists concerns about inequality and oppression.