Tuesday, August 30, 2011

An Introduction to Capitalism

Capitalism is also called the free market is defined as the economic system where the means of production is in private hands. The idea is that you are free to market your goods and services on the open market. Even in trying to find a job you are offering you skills, talent and labor on the open market.
Capitalism is the natural result of freedom. It is the economic system results from people being free to choose their own course in life as opposed to being forced down a path by the government, religion or other governing entity.

While capitalism comes with no guarantees, the potential rewards are endless. Under capitalism you are not forced to stay in your current employment but can seek other employment or strike out on your own and start you own business.  In a pure capitalist system there is nothing but your own personal limitation; most of which are self induced; to hold you back. Put simply the only thing standing in the way you own prosperity is yourself. Even the richest person around can’t stand in your way unless you let him.

If you look to some one else to give you prosperity you will be disappointed regardless of the economic system. So capitalism is the system in which the most people are prosperous. You can actually succeed because of what you know and can do rather than who you know.

Reduced to its simplest terms capitalism equals freedom, and any other system is a form and degree of slavery.

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