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 Lifestyle
  Do Relationships Still Matter?
  Are we as a society veering away from relationships?
  by makingsense / on Dec 22, 2012
• in Business
  General Motors Stockholders Vote To Change CEO Nov. 6, 2012
  General Motors reported a drop in profit of 12% and in most business environments this would be cause for great concern
  by theedje / on Oct 31, 2012
• in Politics
  Hugh Hewitt's 100 Reasons To Vote For a 45th Presidency
  Hugh proceeded point by point, with full explanation, 100 specific reasons Mitt Romney would make a better president for 2012
  by theedje / on Oct 24, 2012

Latest blogosphere posts tagged “capitalism”

 

• Digital democracy: Fair Deal goes global

  
  — Authority:
  Digital democracy: Fair Deal goes global by karol Yesterday NZ’s Fair Deal Coalition launched a new website, ourfairdeal.org , aimed at networking globally with others concerned about the secretive negotiation of intellectual property matters in the TTPA (Trans Pacific Partnership Agreement).  This includes a ...
  3 days ago

• Starwood calls on Wichita

  
  — Authority:
  This Tuesday the Wichita City Council considers economic development incentives to Starwood Hotels & Resorts for a call center to open in Wichita. Besides the usual problems with cronyism and corporate welfare (see Wichita-area economic development policy changes proposed for explanation of some problems), ...
  3 days ago

• Sweatshops the “Best Available Alternative”? But Who Decides What Alternatives are Available?

  
  — Authority:
  Of all the self-styled libertarian commentaries attempting to put the Bangladesh garment factory tragedy in “perspective,” Benjamin Powell’s is probably the worst (“ Sweatshops In Bangladesh Improve The Lives Of Their Workers, And Boost Growth ,” Forbes , May 2). In Bangladesh, Powell writes, “some 4,500 ...
  3 days ago

• Mississippi’s Crony Capitalism Under Microscope

  
  — Authority:
  Like South Carolina, Mississippi is populated disproportionately with dumb as dirt, overweight, flat broke mouth breathing government dependents too stupid to realize how colossally their “Republican” government is giving them the shaft. Specifically, these dim bulbs believe unswervingly that “economic ...
  3 days ago

• Yahoo to Buy Tumblr for $1.1 Billion

  
  — Authority:
  -By Warner Todd Huston Yahoo, Inc. has announced that it has cleared the way to purchase the social website Tumblr for a cool $1.1 billion. The Yahoo board approved the deal in a conference call on May 17, but by Sunday, it wasn’t clear whether Tumblr had accepted the offer. Yahoo reports that it will [...] The ...
  3 days ago

• »capitalism kills love« by claire fontaine (+)(via buridan)

  
  — Authority:
  »capitalism kills love« by claire fontaine ( + ) (via  buridan )
  3 days ago

• Global Capital and the Nation State

  
  — Authority:
  By Robert Reich As global capital becomes ever more powerful, giant corporations are holding governments and citizens up for ransom, while sheltering their profits in the lowest-tax jurisdictions they can find. Major advanced countries need a comprehensive tax agreement that won’t allow global corporations ...
  3 days ago

• Rise Up or Die By Chris Hedges

  
  — Authority:
  Joe Sacco and I spent two years reporting from the poorest pockets of the United States for our book “Days of Destruction, Days of Revolt.” We went into our nation’s impoverished “sacrifice zones”—the first areas forced to kneel before the dictates of the marketplace—to show what happens when unfettered ...
  3 days ago

• Kansas freedom scorecard released

  
  — Authority:
  To help Kansans understand how legislators vote, Kansas Policy Institute has produced the Kansas Freedom Index for 2013. Legislative scorecards like this are important as they let citizens know how legislators have actually voted , which is sometimes different from their campaign rhetoric, and even different ...
  3 days ago

• Forum: Which of the current scandals do you think is potentially most damaging to the Obama Administration?

  
  — Authority:
  Every week on Monday morning, the Council and our invited guests weigh in at the Watcher’s Forum, short takes on a major issue of the day. This week’s question:Which of the current scandals do you think is potentially most damaging to the Obama Administration? Why? The Razor : I have to pick one? Really? ...
  3 days ago

• What capitalists can learn from Pope Francis

  
  — Authority:
  In a May 16 address to four new Vatican ambassadors, Pope Francis denounced the “cult of money” in today’s culture, stating that we are now living in a disposable society, where even human beings are cast aside. Read more on What capitalists can learn from Pope Francis… The post What capitalists can ...
  3 days ago

• Death Toll Rises to 17 After Collapse of U.S.-Owned Indonesian Mine

  
  — Authority:
  Three more bodies were recovered today bringing the official death toll to 17 for a mine collapse in Papua, Indonesia . The mine, which extracted both gold and copper, is owned by a Phoenix-based company. Read more...        
  3 days ago

• Our New Economy Of Guard Labor

  
  — Authority:
  Via the Baffler , David Graeber on the possibilities of revolution and the increase in “guard labor”: Under no conditions can alternatives, or anyone proposing alternatives, be seen to experience success. This helps explain the almost unimaginable investment in “security systems” of one sort or another: ...
  3 days ago

• Barcelona: 32 flats Occupied for Evicted Mortgage Victims

  
  — Authority:
  The Spanish debt spiral is still climbing. All social services are being destroyed or sold off to help pay the interest on gigantic grants to save the Banks after the collapse of their capitalist scams.  But the debt keeps rising. With evictions still running near 500 a day and popular anti-eviction laws rejected by ...
  3 days ago

• Industry leaders to come together at m360 to discuss how media and marketing can make a positive contribution to society

  
  — Authority:
  Britt The media and marketing industry’s wider responsibilities to society will be debated at a session of Mumbrella360 next month. The session will include Mark Britt, who is CEO of NineMSN’s commercial operation Mi9 and chairman of the Interactive Advertising Bureau. Britt is also an ambassador for ...
  3 days ago

• (Video) Milton Friedman: Welfare and the Loss of Freedom

  
  — Authority:
  
  4 days ago

• The Great Property Market Conspiracy – A €55 Trillion Plus Problem! - Part 2

  
  — Authority:
  In recent days, Germanys Commerzbank has had to go to the markets to sell around €3.5 billio n of additional shares to try to bolster its capital position . Its shares have already fallen by almost 40% over the last few months, and this share offering was put out, with a further discount of around 40% . ...
  4 days ago

• $2.49

  
  — Authority:
  $2.49 by IrishBill That’s what Mighty River stocks closed at today . Down on their issue price within ten days. And there’s a strong chance that the Meridian float will sink the price of Mighty shares even further – they’re companies with similar profiles, are regulated in the same way, and are fighting ...
  4 days ago

• The Liberal Faith In the Perfectibility of Politics

  
  — Authority:
  Perhaps it all starts with a childish whine “It isn’t fair.” Some mothers respond that life isn’t fair, and set their offspring on the path of conservatism, and others ignore the whiny brat or give the kid a hug and a cookie (rewarding the child for the whine) and tell him yes, that’s really too […]
  4 days ago

• Unequally wealthy better than equally poor

  
  — Authority:
  Inequality has become  another of the left’s causes de jour. The easiest way to close the gap between rich and poor is to make the rich poorer. That wouldn’t help anyone because it’s not who has how much that matters, but whether everyone has enough. Determining how much is enough, whose responsibility it is ...
  4 days ago

Comments about capitalism