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”

• This is Interesting – The Overton Window

  
  The Lonely Conservative — Authority: 593
  In case you missed this segment of Glenn Beck’s show – watch it. It’s very interesting. Beck calls it the Overton Window. What was once radical is now accepted, and what was once the norm is now radical.
  5 hours ago

• James Toback Pissed At Tyson Oscar Doc Snub; Suggests Irregularity In Selection Process Akin To "Extortion"

  
  :: The Playlist :: — Authority: 670
  Who wee, James Toback is pissed about his documentary, "Tyson" getting the snub from the Academy of Motion Picture Arts and Sciences who announced their Oscar documentary short-list earlier this week and left off his raw portrait of once-boxing great Mike Tyson.15 docs were picked on the shortlist ("Anvil! The Story ...
  7 hours ago

• Copenhagen: An Anti-Globalization Movement Comes of Age

  
  World Change Cafe — Authority: 117
  By Naomi Klein, The Nation The book is a fascinating account of what really happened in Seattle, but when I spoke to David Solnit, the direct-action guru who helped engineer the shutdown, I found him less interested in reminiscing about 1999 than in talking about the upcoming United Nations climate change summit in ...
  9 hours ago

• The aggregate demand curve shifts ever outward

  
  nixon the hand — Authority: 130
  Tonight I went out for my dinner omelet sandwich. Only to discover they raised the price to Rs.15. That’s 25% inflation on egg sandwiches in the past year. In similar developments, chai went up from 3 to 4 rupes in the last month. How am I supposed to keep a budget under these conditions? Capitalism is truly a ...
  10 hours ago

• Can Business Imitate Nature?

  
  Global Patriot — Authority: 107
  It’s a question that’s been asked many times, and I was recently reminded of the idea while reading The Ecology of Commerce by Paul Hawken . Written some 16 years ago, I decided to take a second look at a book that was way ahead of its time in 1993. It’s sad to say that our society still hasn’t caught up ...
  10 hours ago

• Investigation Reports Tyson Not Extorted in Oscar Doc Controversy

  
  RopeofSilicon.com Movie News, Trailers, Reviews and More — Authority: 603
  I am not a person that seeks out many documentaries. I enjoy watching them whenever I do see them, but I dont hunt them down the way so many others do. So, when the Academy announced the 15 documentaries that made their short list for Oscar nomination consideration I didnt even think twice about dissecting [...]
  10 hours ago

• Palin And GOP Go Populist?

  
  Ed Driscoll — Authority: 151
  James Pethokoukis writes, “Here comes Sarah Palin and the anti-Wall Street GOP: Don’t interpret passage of the watered-down Kanjorski amendment as the peak of the “break up the banks” movement. It may be about to get some new allies on the right, folks tired of Big Government, Big Money and crony ...
  11 hours ago

• A Modest Proposal : Eat the Rich!

  
  The Rag Blog — Authority: 539
  Photo by chrisjfry / Flickr.Serve the people!Carve up Wall StreetBy Alex Knight / The Rag Blog / November 20, 2009See Amy Goodmans interview with Robert Scheer on Wall Street and the economy, from Democracy Now!, Below.Yesterday, Democracy Now! reported that two major records have been broken in 2009 -- Wall St. ...
  12 hours ago

• 2009/11/20

  
  John Goodman's Health Policy Blog — Authority: 555
  Price of H1N1 can vary by a factor of three . It pays to shop. Are caterpillar ovaries just as good as chicken eggs for growing the flu shot vaccine? Apparently. Number of people living on a dollar a day has plummeted from almost 1 billion to about one-third that number . The reason: the spread of capitalism. ...
  14 hours ago

• FEC unwisely OKs return to cheap private jet travel by members of Congress

  
  Scholars and Rogues — Authority: 573
  Let’s say you’re Sen. John Dough. You’re running for re-election. You need money. Often, you have to travel to where the money is to get it. Say, in Los Angeles. So you fly. But you wish to avoid flying commercial. Too much time wasted. Too many hassles, mingling among the proletariat in lines and in the damn ...
  14 hours ago

• Capitalism: A Love Story – Superfast Review

  
  Earthpages.org — Authority: 132
  [IMG: http://mclark.files.wordpress.com/2009/11/moore_final_clds.gif?w=848&h=468][IMG: http://stats.wordpress.com/b.gif?host=epages.wordpress.com&blog=1415107&post=7492&subd=epages&ref=&feed=1]
  14 hours ago

• Oscar Snubs? Extortion Plot? Do Tell!

  
  Cinematical — Authority: 759
  Are members from the documentary branch of the Academy of Motion Picture Arts and Sciences being paid to short list some films over others? Thats what it sounds like director James Toback was alluding to when he spoke to the New York Times recently about how his buzzed-about documentary, Tyson , was left off ...
  15 hours ago

• Entrepreneurs Go on Strike

  
  Attack Machine — Authority: 488
  C. Edmund Wright at American Thinker. Can Barney Frank Dunk on Lebron? No, he cannot. Nor can anyone else in Washington. Nor can they catch passes from Ben Rothlisberger in the Super Bowl or strike out Derek Jeter in the World Series. They are not equipped to do so. So what? This ridiculous image speaks to the ...
  15 hours ago

• Grayson Post-Mortem On Last Nights Historic Fed Transparency Victory And The Revelation Of Barney Franks Hypocrisy

  
  zero hedge — Authority: 770
  After the historic defeat of Fed anti-transparency amendments, and the most recent disclosure that despite all his posturing Barney Frank is, as expected, deep in the pockets of the Wall Street and Fed kleptocracy, here are some post-mortem observations from Grayson, Spitzer and Ratigan. From the ever colorful ...
  16 hours ago

• HEBREWNOMICS — The Rich Boys

  
  ZSIDOZAS - The Jewish Problem — Authority: 121
  [NO PHOTO AVAILABLE] The Rich Boys are a group of international Jews affiliated with the global-finance Jewish Mafia and apparently working at least partly under Marc Rich’s direction. Per the above-linked article, they include parasitic Jews such as: Benjamin R. Pollner Ivan Glasenberg Patrick ...
  16 hours ago

• NetRight Daily: NY 23 Vote Now in Question

  
  Press Releases — Authority: 492
  NY 23 Vote Now in Question :  A new vote or a paper recount may be needed in New Yorks 23 rd Congressional District, ALG President Bill Wilson said today, citing erroneous computerized voting machines. How Not to Win Elections :  The ten Senate Republicans who broke the filibuster Tuesday against ...
  18 hours ago

• Daily Grind: Republicans Lack of Unity Paves Way for Radicals

  
  Press Releases — Authority: 492
  Editorial: Senate Republicans Lack of Unity Paves Way for Judicial Radicals, Fuels GOP Dissatisfaction The confirmation of Judge David Hamilton could lay the groundwork for Senate Democrats to run the table on judicial nominations. The Crony Capitalism Cafe….. Yes Senator Ill have the Free Lunch Also!! ...
  18 hours ago

• For Discussion: Was Karl Marx Right?

  
  The Awl — Authority: 732
  Since the fall of the Berlin Wall, “events have followed Marx’s closer predictions almost uncannily: globalisation, privatisation, deregulation, the undermining of democracy, the triumph of a capitalist discourse (railway ‘customers’ rather than ‘passengers’), the decline of socialist ideology, and a ...
  18 hours ago

• Why I am pessimistic about Copenhagen

  
  nothing new under the sun... — Authority: 417
  There is a great deal in the media about the United Nations Climate Change Conference 2009 which will meet in Copenhagen in just over two weeks. A number of people have asked me recently about my take on the matter. While I think that an international agreement of some kind is necessary to reduce global greenhouse ...
  18 hours ago

• The Cloward/Piven Strategy of Economic Recovery

  
  Stupidica — Authority: 171
  Using borrowed money for a band-aid bailout of the economy should seem backwards to most people. However, it likely is a planned strategy to promote radical change. Those naively believing that President Obama is simply rewarding his far-left base, and will then move to the political center, must wise up. The ...
  20 hours ago

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