Capitalism

Capitalism is a system of economic ownership where profits are based on the sale of goods and services at a higher cost than the original manufacturing or labor costs. The profits are then invested, allocated to shareholders and reinvested into the corporation to produce more products and service, thereby repeating the cycle.

The benefit of capitalism is that it encourages entrepreneurship and economic growth. There is an incentive to work as such efforts have the possibility of amassing one wealth. The excesses of wealth can then be invested or given to charitable organizations, which also promote philanthropy.

The disadvantage of capitalism pertains to the process wherein products are manufactured. Manufactures will always seek to minimize their labor cost, which maximizes their profit margins. This “race to the bottom” has been argued as a form of economic exploitation.

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Latest blogosphere posts tagged “Capitalism”

• Mobilising to challenge feudal era management

  
  UNITYblog — Authority: 126
  by Matt McCartenfrom NZ Herald8 November 2009Every thinking New Zealander should go and see Michael Moores film Capitalism: A Love Story that is now out in cinemas.Ive been a fan of Moore ever since his first film, Roger & Me, which had him chasing down Roger Smith - the then head of General Motors - after Moores ...
  1 hour ago

• Sunday Links

  
  Gerry Canavan — Authority: 439
  Sunday links. * If youre still reading about health care, dont miss the New York Times s hundred-year history of health care reform in America and (via the indomitable Steve Benen) a few links on what the bill actually accomplishes . Its also worth checking in with Steve Benens reading of John Boehners ...
  6 hours ago

• russia’s marxist labour party: twenty years after the wall fell

  
  the commune — Authority: 474
  The coming week marks twenty years since the fall of the Berlin wall. This event represented one of the high points of a great mass struggle against the tyrannical order in the Eastern Bloc, but with the defeats of movements opposed to both these statist régimes and the free market, the popular movements of 1989 are ...
  8 hours ago

• Nancy Counts on Corruption

  
  Publius Forum — Authority: 425
  -By John Armor Nancy D’Alesandro Pelosi, Speaker of the House of Representatives, has regularly accused the Republicans in the House of displaying “a culture of corruption.” Yet the critical vote to get the House version of the health bill out of the House, demonstrates that Speaker Pelosi not only likes ...
  10 hours ago

• show me an honest banker . . .

  
  punkscience — Authority: 410
  ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Will Hutton, former flag-bearer of capitalism, has changed his tune somewhat. I like it.Sorry for the lack of any depth or originality in my recent posting. Life is pretty hectic at the moment for several reasons so I havent the ...
  10 hours ago

• Article Title Unknown

  
  The Shrewd Economist — Authority: 115
  The Man We Love to Hate: Mr Goldman Sachs THE SUNDAY TIMES: Number 85 Broad Street, a dull, rust-coloured office block in lower Manhattan, doesn’t look like a place to stop and stare, and that’s just the way the people who work there like it. The men and women who arrive in the watery dawn sunshine, dressed in ...
  12 hours ago

• In The Midnight Hour, She Cried, More, More, More…

  
  Ed Driscoll — Authority: 149
  Taxes, spending, and government regulations that is. As Jim Treacher noted on Twitter, “ Van Jones’ resignation, the Obamacare boondoggle… Saturday at midnight is the new Friday at 5.” And speaking of the latter item, Allahpundit writes: It’s 10:45 ET and it looks like the final vote is ...
  13 hours ago

• House Passes BailOut of Insurance Companies Bill

  
  PrernaLal.com — Authority: 422
  The House of Representatives passed H.R. 3962 (Affordable Health Care for America Act) known here as a bailout for private insurance companies, in what is lauded as a victory for Obama and health care in America. I’ll be damned. The only worthwhile compromise is that the bill requires insurance companies to cover ...
  13 hours ago

• Robert :Menard Question & Answer Period 4(ADMIRALTY LAW)

  
  Best Lawyer Find Blog — Authority: 148
  Robert :Menard Question & Answer Period 4(ADMIRALTY LAW) Author: Ephesians61024 Keywords: Christian Christianity Jesus God Yeshua Church Jews Israel IRS tax Government Deception Law Legalese ThinkFree Think Free Robert Menard Canada Canadian Facism Vati..
  15 hours ago

• Michael Goldhaber’s thesis on the ‘post-capitalist’, Attention-Centered Economy

  
  P2P Foundation — Authority: 575
  Good summary of the argument that we have entered a post-capitalist ‘attention economy’, by Michael Goldhaber at the IDC mailing list : Michael Goldhaber: “What follows then is a rough and incomplete primer on how I see what I shall refer to as “the attention (centered) economy,” — a new, ...
  16 hours ago

• JUST KEEP TELLING THE TRUTH, NORMAN FINKELSTEIN, ABOUT THE EVIL THAT IS THE ZIONIST PROJECT

  
  REAL LIBERAL CHRISTIAN CHURCH — Authority: 129
  Just keep telling the truth. Ive never seen Norman Finkelstein more animated and relaxed. Norman really show some flashes of (mundane) genius here. This is not a blanket endorsement of Norman, however. He and I split company at the spirit. Norman is an atheist; whereas, Im looking forward to being completely in sync ...
  16 hours ago

• The travails of the sharing generation in the hierarchical workplace

  
  P2P Foundation — Authority: 575
  The article in Shareable magazine starts with a real-life anecdote about a creative female intern’s experience with a ‘hierarchical son of a bitch’, and how this moved her to quit an otherwise interesting potential career. This incident is not exceptional, but increasingly a common experience amongst the ...
  17 hours ago

• House Passes Nationalized Healthcare: Here’s How They Voted

  
  Stop The ACLU — Authority: 705
  The Clerk of the House has posted the roll call of votes for the House on HR3962, the House healthcare bill. To see how your Representative voted visit Final Vote Results for Roll Call 887 . Good analysis at Michelle Malkin Maggie’s Notebook The Other McCain Be John Galt Death By a Thousand Papercuts ...
  17 hours ago

• House Passes Nationalized Healthcare: Here’s How They Voted

  
  Politics Index — Authority: 457
  The Clerk of the House has posted the roll call of votes for the House on HR3962, the House healthcare bill.To see how your Representative voted visit Final Vote Results for Roll Call 887.Good analysis at Michelle MalkinMaggie’s NotebookThe Other McCainBe John GaltDeath By a Thousand PapercutsWizbangHot AirLittle ...
  17 hours ago

• Another Day Wondering

  
  Gary Rumor's Anti-Entropic Continuum — Authority: 126
  I was out for a walk. I do that on weekends. I was passing the local Christ Chapel and I noticed 3 or 4 attractive women going in, on a Saturday afternoon. I was tempted to follow, but the noise coming out of the place was daunting. It was a large party of some sort and they were all dressed to impress. I was sweaty ...
  21 hours ago

• Say Anything Radio Tonight

  
  QandO — Authority: 139
  F or anyone who might be interested, Rob Port of Say Anything Blog has graciously invited me to co-host his radio show tonight. It will be airing from 7-9 PM Central time, and can be heard on Ustream and can be seen right here (allegedly): Tonight’s topics will include the Pelosi health care bill, the elections ...
  22 hours ago

• Taxing the banks?

  
  shareholdersunite.com — Authority: 138
  An idea launched from a surprising corner (nominally) socialist British Prime Minister Gordon Brown. But is it any good?We’ll discuss below, first the articleUK gives impetus to global banks taxBy Huw JonesPosted 2009/11/07 at 1:44 pm ESTST ANDREWS, Scotland, Nov. 7, 2009 (Reuters) — Britain urged world ...
  23 hours ago

• YouTube video sinks Turnbull minder

  
  Ohaiyo Business Magazine — Authority: 433
  A media minder for Federal Opposition Leader Malcolm Turnbull has reportedly quit his job after being linked to an online bout of Liberal factional warfare. The video parodies Liberal MP Alex Hawke by portraying him as an enraged Adolf Hitler, echoing a YouTube trend of dubbing Hitler biopic Downfall with fake ...
  23 hours ago

• McCarten on capitalism

  
  The Standard — Authority: 599
  Matt McCarten’s Herald column this week is a call for every working New Zealander to go and see Michael Moore’s Capitalism: A Love Story . I haven’t managed to catch it yet, but judging by McCarten’s review Moore’s latest will be a must-see: Some of the points he raises – such as workers having ...
  1 day ago

• Pelosi’s Suicide Pact; Rangel’s Newly Found Ethics

  
  Ed Driscoll — Authority: 149
  James Taranto has a great capsule summary of, to paraphrase Budd Schulberg, What Makes Nancy Run : The voters be damned: That seems to be Speaker Nancy Pelosi’s attitude in the wake of big Democratic losses on Tuesday. “House Democratic leaders, undeterred by delays in the Senate or this week’s Republican ...
  1 day ago

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