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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Original Technorati articles tagged “capitalism”

• in Politics
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  by mariorozario / on Dec 18, 2011
• in Technorati Women
  Femininity on sale
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  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”

 

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

  
  Sunday Posts — Authority: 99
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  3 hours ago

• This Week in Economics: Jobless Claims and Q4 GDP

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

  
  top99news - breaking news from the world top newspapers — Authority: 162
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  The Simple Pastor — Authority: 407
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• HANG THE BANKER?

  
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  Common Sense Capitalism — Authority: 113
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  [IMG: http://www.socialistunity.com/wp-content/uploads/2012/01/article-1232530-075ED9C6000005DC-279_468x625.jpg]
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• REPUBLICAN CANDIDATES CAN TAKE A LESSON FROM THIS ENTREPRENEUR

  
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  top99news - breaking news from the world top newspapers — Authority: 162
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• For my less political readers

  
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