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"

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 (the consolidating of corporate power in a given industry to a single entity).

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"