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!

Latest blogosphere posts tagged “capitalism”

• A State Pensioner That Thinks He’s Blameless For Pension Mess

  
  Stop The ACLU — Authority: 713
  -By Warner Todd Huston The Chicago Tribune printed a letter to the editor that perfectly describes the disconnect that state workers have between their pensions and the political process. These state workers stare wide-eyed in faux innocence pretending that they themselves, as individuals, are wholly innocent of ...
  6 hours ago

• Stimulus Stimulated Much of Nothing in Illinois

  
  Stop The ACLU — Authority: 713
  -By Warner Todd Huston The Chicago Tribune has an interesting story that shows that Obama’s $787 billion stimulus really didn’t do much by way of creating any new jobs in Illinois. Though Obama is counting “jobs saved” as some sort of success story, the fact is few jobs have been created and nothing will ...
  6 hours ago

• BOOKS / The Great Turning : From Empire to Earth Community

  
  The Rag Blog — Authority: 562
  The Great Turning: Moving in a radical new directionBy Alex Knight / The Rag Blog / November 25, 2009We stand at a critical moment in Earth’s history, a time when humanity must choose its future. As the world becomes increasingly interdependent and fragile, the future at once holds great peril and great promise. To ...
  9 hours ago

• New York to use eminent domain to build a basketball stadium

  
  Credit Writedowns — Authority: 686
  The New York State Court of Appeals has ruled that the Atlantic Yards basketball project can go forward as planned, dislocating the residents in the Brooklyn, NY area where the stadium is to be built.  In essence, the decision means the state can evict you from your own home, seize your property, and give you what ...
  9 hours ago

• High risk….high reward, my friends. This is the essence of capitalism.

  
  InvestmentWatch — Authority: 155
  In my honest opinion, the only reason we don’t have a full blown revolt right now is because this fraud is just way too complicated for the average person to comprehend. I bet even some of our elected members of Congress have no clue. Unfortunately, the only ones who do fully comprehend this crisis are those who are ...
  19 hours ago

• Does CBS watch Michael Moore?

  
  Rational Resistance — Authority: 413
  You may have watched Michael Moores new movie, Capitalism: A Love Story , and if you did you may have noticed the discussion of "dead peasant" policies , a mechanism whereby an employer that hasnt wrung enough profit out of its workers in life can make money when the poor sucker dies. It turns out you werent the ...
  21 hours ago

• Make Mine Freedom (1948)

  
  Speak Truth 2 Power — Authority: 118
  Watch this cartoon from 1948. The implications and similarities to today are staggering. By the way, doesn’t the snake oil salesman remind you of someone sitting in the White House right now?Posted in Corporate Government, Government-sponsored terrorism, NWO, obama, Revolution, Tyranny
  21 hours ago

• 
  mothanskin.blog-city.com — Authority: 120
  
  23 hours ago

• Fraud increases in capitalist U.S.A.

  
  Cuba Journal — Authority: 427
  The story was reported today prominently in the top half of the the first page of the digital edition of the New York Times under the byline of Manny Fernandez. Here is how the scam went according to New York State Attorney General Andrew Cuomo: a “non-profit” organization named United Homeless Organization ...
  1 day ago

• Health care reform will bankrupt America

  
  EndrTimes — Authority: 445
  November 16, 2009 Dr. Allen D. Unruh The last nail in the coffin of capitalism will be a government takeover of health care. All doctors will be slaves of the state, while all patients will be wards. This undermines the entire Declaration of Independence, where the inalienable (God-given) right to life, liberty and ...
  1 day ago

• Co-Operative Health Insurance?

  
  PamBG's Blog — Authority:
  In my post Capitalism as a Belief System , I mentioned the idea of using capitalism as a way of running an economy without buying in to capitalism as a belief system. I think Ive already explained what I mean by not buying into capitalism as a belief system: a rejection of the idea that any and every enterprise ...
  1 day ago

• decking the halls

  
  Health Philosophy Politics and Other Rants — Authority: 104
  Some of us might not be christians but you can be assured that if you suggest skipping the commercialism of the season by not giving Christmas presents this year then you’ll be about as popular as a foreskin at a synagogue. If you really want to shit people off, give them an Oxfam unwrapped voucher instead. You ...
  1 day ago

• Buying as believing

  
  connexions — Authority: 549
  PamBG has a very helpful post: Capitalism as a Belief SystemIn many ways, I’m still a “foreigner” here in the US and one of the things that has struck me is how much capitalism appears to be for many people in the US a belief system as well as a way of running an economy. [...]
  1 day ago

• What if you would like to give thanks for capitalism? (Reconsidering Thanksgiving part 1)

  
  Professor, What If...? — Authority: 107
  In the run up to turkey day, I am reposting my three-part piece on Thanksgiving. Here is part one: If you are looking for a reason to give thanks this Thanksgiving, how about this: give thanks for capitalism! I came across this nifty idea when searching around the internet for “alternative ways to spend ...
  1 day ago

• An Excerpt From "Goddess of the Market: Ayn Rand and the American Right"

  
  United Liberty - Free Market - Individual Liberty - Limited Government — Authority: 574
  Oxford University Press, which published Jennifer Burns’ biography of Ayn Rand, has made available a short excerpt of the book: “I am coming back to life,” Rand announced as the Nathaniel Branden Institute entered its second year of existence.  Watching Nathan’s lectures fill, Rand began to believe she ...
  1 day ago

• Trappstr 28 – Part 5

  
  Zak White — Authority: 125
  My new blog buddy Brett Trapp wrote  this post on 28 things he’s learned in his 20’s . I loved it so much that I thought I’d take each of those things and elaborate on them over the next several days (since I’m about 3 months older and wiser than him.) 9. Most Americans either are clueless or ...
  1 day ago

• Chris Anderson’s Third Big Idea: “Atoms & Bits”

  
  The Awl — Authority: 749
  Perhaps you were wondering what Wired editor Chris Anderson is up to, after putting forward ideas called “The Long Tail” and “Free”? Well, now we know! His new idea is called “Atoms & Bits.” He will be giving it away… for free. (Oh and a book deal. And some speaking gigs. Whatever.) But what is ...
  1 day ago

• EUREKA ! - LOCALISED CAPITALISM

  
  21st Century British Nationalism — Authority: 527
  I was reading the superb article by the writer Richard Cook on his blog here ; http://www.richardccook.com/2009/11/23/economic-crisis-what-must-be-done/ when his ideas suddenly gelled with some ideas I have been working on for a while. I call this LOCALISED CAPITALISM. This is the construction of an entire ...
  1 day ago

• Wade Rathke and the Myth of ACORN

  
  Publius Forum — Authority: 546
  -By Anita MonCrief Wade Rathke, former chief organizer of the Association for Community Organizations for Reform Now (ACORN), spoke at the University of Memphis yesterday and expressed his dismay at the current predicament ACORN finds itself in: “Rathke stepped down from ACORN in 2008. Since his departure, ...
  1 day ago

• International Call Against Cop15 United Nations Climate Change Copenhagen meeting

  
  Void Network — Authority: 107
  International Call Against Cop15 United Nations Climate Change meeting The catastrophe is real and climate change is one of its many symptoms. ...
  1 day ago

Comments about capitalism