Capitalism is a system based on trade, profit, and private ownership as opposed to a system of common ownership and state control. Capitalism comes in a number of different forms, as long as individuals direct their own capital, it is capitalism.

Capitalism is to economics what democracy is to government, a system in which majority rule and individualism collide and excesses and deficiencies of liberty and equality are realized.


Factoids tagged with "Capitalism"

The United States of America is a Democracy Fact

The United States is a Constitutional Federal Republic (a federation of states with a Representative Democracy). Despite a strong democratic tradition, the U.S. is not a “Direct Democracy” (where people vote on laws directly*).

Money Can Buy Happiness Fact

Money can buy happiness in some ways, and cause unhappiness in others, studies have shown that different types of wealth and income affect happiness and unhappiness in a variety of ways.

Blog Posts tagged with "Capitalism"

What is Classical Liberalism?

Classical liberalism is the ideology of liberties, rights, individualism, reason, and tolerance that comes in a political and economic form.

Neoliberalism Explained

Neoliberalism is an economically-minded evolution of classical liberalism focused on deregulation, trade, and the private market. It is a “middle way” or “third way” between liberalism and conservatism.

Understanding Labor and Capital

Labor and capital are economic terms that describe 1. workers and their labor power and, 2. capitalists and their material and financial capital.

Types of Conflict Theories

We explain Marx’s conflict theory and other conflict theories to show how tension between social, political, material, and other forces manifest.

Re-Defining Social Capitalism

Social Capitalism can be defined as a socially minded form of capitalism, where the goal is doing social good, rather than just the accumulation of capital.

What is Liberalism?

Liberalism is the political ideology of liberty and equality, where classical liberalism emphasizes individual liberty and social liberalism emphasizes social equality.

Civil Religion

“Civil Religion” is “the religion” of the state. It doesn’t describe the theology of the state, but rather the shared identity built around national symbolism and customs.

Understanding Cronyism and Monopolies

We explain two types of special interests: cronyism (politicians working with corporate interests) and monopolies / oligopolies (the consolidating of corporate power in a given industry to one or few entities).

Is America an Oligarchy?

The United States is a Federal Republic with democratic values that some claim contains a growing oligarchy (or corporatocracy). We look at those claims.

Wealth and Income Inequality

We explain economic inequality from a historical perspective, and then consider the effects of wealth inequality and income inequality in America today.

Book Reviews tagged with "Capitalism"