Tuesday, March 30, 2010

Capitalism



Capitalism offers many advantages in our economy today. An increase in wealth is available to the individuals in business. There is a free market where the people are able to sell and compete with their products. This is one of the main points in Capitalism, to allow the people in private ownership to sell their products competitively.

By creating business of their own they are able to make money. Risks are taken, like businesspeople went into money lending and then made money by charging interest. Others financed business enterprises in trade and manufacturing. All these risks they took gave them an advantage and they were able to do this because of Capitalism.

An example of competing was used in our social 10 class. If someone owned all the milk and sold it for a large profit, they would make a lot of money. Then if someone else felt they could make more money and sold more milk for less, people would want to buy the cheaper milk causing the person to make more money. This is a great example of Capitalism because it shows that we are able to compete and sell our own things. This wouldn't be able to happen in a communism government.

In a communism government people are all the same, they are put into a house to fit their family, given a specific amount of groceries to feed their family, and are told how to live. Capitalism offers us to move up in social status. Those who make large amounts of money from their jobs, live in a large house, and have plenty of food are higher in status. Those living on the streets begging for money are lower in the social status. Most of the time this wouldn't be seen in a communist government, but it is an advantage in the Capitalist government because the people are able to be who they want to be. Their able to live where they want, choose what they want, and eat what they want.

Our government offers Capitalism and I'm grateful for it. I started my own business where I make and sell hair accessories. I wouldn't be able to do that if we had a communist government. The communism governments are when the government is in charge and the people are not able to sell their products, I think that those who have Capitalism should be very grateful.

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