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.

by Jason J. Campbell Are you a writer, passionate about this or any other topic? Join Blogcritics!

Original Technorati articles tagged “capitalism”

• in Politics
  Occupy Wal-Street: In the Days of Oliver
  As Winter sets in at New York, the Occupy Wall Street protesters go into overdrive ..
  by mariorozario / on Dec 18, 2011
• in Technorati Women
  Femininity on sale
  How fashion industry is now openly using men to tell women how they should be and become women.
  by karmenca / on Dec 14, 2011
• in Politics
  Mitt - Gingrich Out Demonize Each Other In Obama Style Class Warfare Attacks
  Why were the executives of TAXPAYER funded Freddie Mac and Fannie Mae able to walkaway with multi-million dollar bonuses?
  by theedje / on Dec 13, 2011

Latest blogosphere posts tagged “capitalism”

 

• Crush Occupy Rondebosch common

  
  Thought Leader — Authority: 419
  It’s been a glorious summer in Cape Town. The heatwave had one and all at swimming pools and beaches all over the Cape. Long Street was packed with clubbers and tourists from all over the world. Drinks flowed freely: Hennessy, Bacardi, Hunters, Carling, you name it. Sadly, it was spoiled by talk of our beloved...
  3 hours ago

• Moyers & Company: How Big Banks are Rewriting the Rules of our Economy

  
  Dandelion Salad — Authority: 497
  Dandelion Salad BillMoyers.com January 27, 2012 Bill Moyers talks with former Citigroup chairman John Reed and former Senator Byron Dorgan to explore how our political and financial class shift economic benefits to the very top. Moyers & Company: How Big Banks are Rewriting the Rules of our Economy see Shedding ...
  4 hours ago

• Milton Friedman vs. An Academic Socialist

  
  Common Sense Capitalism — Authority: 114
  A great discussion! [IMG: http://4.bp.blogspot.com/-4erO0YIG0V0/TxYJ_Kpnv5I/AAAAAAAAAnY/lcUdc72PRjs/s200/Milton%2BFriedman.jpg]
  4 hours ago

• Essays For A New Age: The End of Information Age?

  
  Sunday Posts — Authority: 100
  Industrial age has long ended, the pundits proclaimed, and we live in the information age. Indeed, the world in perspective is downtown LA, not some remote areas of Congo, where some farming tools, if they could be afforded, would be a good idea. However, once the proclamation is printed in books legitimised by top ...
  1 day ago

• This Week in Economics: Jobless Claims and Q4 GDP

  
  Common Sense Capitalism — Authority: 114
  Jobless claims rise more than 20K and
  1 day ago

• Ron Paul - The Last and Only Hope for Liberty?

  
  Bastiat's Corner — Authority: 95
  You might be able to guess from my previous posts that I am a pretty ardent supporter of Ron Paul.  But I have heard some of my fellow supporters recently say that Dr. Paul is our last and only hope for liberty in the States.  I sincerely hope that anyone who says this means it as hyperbole to gin up additional ...
  2 days ago

• The 99% to the bottom 1%: Take it down a few notches.

  
  Soup | Anthony De Rosa — Authority: 603
  The 99% to the bottom 1%: Take it down a few notches.
  2 days ago

• Lucia Mann - Free the Slaves – A Call to Action for Modern Society

  
  Integral Options Cafe — Authority: 423
  This article was provided by Ginny Grimsley - and I thought it worth sharing, even though it is promotion for Lucia Manns book, Rise Above Hate & Anger . Free the Slaves – A Call to Action for Modern Society Advocate Offers Tools to End Horrific Practice In January, MSNBC.com posted a report of its ...
  2 days ago

• The capitalism debate is anaemic – it must dig deeper | Peter Guillam

  
  top99news - breaking news from the world top newspapers — Authority: 163
  http://www.guardian.co.uk The capitalism debate is anaemic – it must dig deeper | Peter Guillam More workable forms of capitalism will not appear without a wholesale reassessment of ideology, institutions and regulationsSuddenly, debating the nature of capitalism has become mainstream politics. The ...
  2 days ago

• Capitalism needs an ethical boundary

  
  The Simple Pastor — Authority: 406
  Randy Alcorn has recently completed some interviews with Os Guinness (key note speaker at the upcoming Everything Conference ) who makes some interesting comments about capitalism. Firstly, he affirms capitalism: “I have no problems admitting the extraordinary superiority of market capitalism; it is a ...
  2 days ago

• HANG THE BANKER?

  
  Biased BBC — Authority: 516
  The BBC narrative is clear. Bankers were solely responsible for the global financial crisis. Go a little deeper and the narrative refines itself even more alarmingly; Capitalism was solely responsible for the global financial crisis. If only the State could control things. Next, seize on every opportunity to nail ...
  2 days ago

• Davos 2012: All the action from day three of the World Economic Forum

  
  top99news - breaking news from the world top newspapers — Authority: 163
  http://www.guardian.co.uk Davos 2012: All the action from day three of the World Economic Forum World leaders continue to debate capitalism, the eurozone, and Iran at a snowy Davos9.17am: Serious words from Ehud Barak, Israel’s deputy PM and defence minister, on the issue of Iran’s nuclear ambitions ...
  2 days ago

• What a CDS Credit Event Looks Like

  
  Common Sense Capitalism — Authority: 114
  A great video by CNBC describing credit default swaps and the process of determining a payout.
  2 days ago

• IMFs Lagard Talks Euro Debt Crisis

  
  Common Sense Capitalism — Authority: 114
  Its interesting that the IMF was one of the first organizations to sound the horn on the debt situation in Europe. But, what is their motive?
  2 days ago

• Chip Cravaack: Getting mining going again

  
  Let Freedom Ring — Authority: 120
  Chip Cravaack has done alot to get mining going again. Chip’s op-ed outlines all he’s done to get things going again: There is consensus among the PolyMet advisory panel I assembled: Mining without harm is the only way to build a sustainable, responsible minerals-exploration industry in northern Minnesota. ...
  2 days ago

• STEPHEN HESTER IS A GREEDY BASTARD

  
  SOCIALIST UNITY — Authority: 509
  [IMG: http://www.socialistunity.com/wp-content/uploads/2012/01/article-1232530-075ED9C6000005DC-279_468x625.jpg]
  2 days ago

• REPUBLICAN CANDIDATES CAN TAKE A LESSON FROM THIS ENTREPRENEUR

  
  KICKIN' AND SCREAMIN'........... — Authority: 438
  What this guy is saying is the sort of point republican candidates need to hammer home every time they get in front of a microphone: High wages aren’t what’s driving manufacturing out of America; it’s government policy — from taxes to regulations. Former Sierra Club chairman Carl Pope draws this ...
  3 days ago

• DEMOCRATS ATTACK RICH; FORGET BUFFETT’S SECRETARY MAKES OVER $200K AND BOUGHT 2ND HOME

  
  KICKIN' AND SCREAMIN'........... — Authority: 438
  The hypocrisy of the left knows no bounds when they get ideological and hammer the same points for political gains without looking at the facts. We keep hearing how people like Buffett and Romney pay a lower tax rate than Buffett’s secretary as if to imply she’s making $45,000 a year. But you and I know she ...
  3 days ago

• Coffee as Currency

  
  The Parallel Parliament — Authority: 106
  This week I tweeted that I’d be heading out to the ElectroMotive line to stand with the workers in their … Continue reading »
  3 days ago

• Sanitizing a Satanic Savior

  
  Let Freedom Ring — Authority: 120
  I’ve written about Saul Alinsky , the radical whose teachings inspired politicians like President Obama and Hillary Clinton. This article attempts to sanitize Alinsky’s image through omission. Here’s an example of that omission sanitization: Alinsky was known for mobilizing poor people and minorities, ...
  3 days ago

Comments about capitalism