Topic > Capitalsim - 701

Throughout the history of the world, many different economic systems have been created, which were replaced by superior systems or collapsed due to their own shortcomings. But one of them – capitalism – has persevered to the point that it is now the only economic system used in the world, except for a very short list of countries that certainly do not have a healthy economy at the moment. But what is it that has allowed capitalism to triumph over all others and make it become the only economic system that dominates the world? What makes capitalism the strongest economic system that has ever existed? This is mainly caused by 2 factors. The first is that capitalism is not an oppressive system, it defends the freedom of the individual: ergo, everyone is equal and everyone is free to do what they want with their lives. Since everyone is responsible for themselves, if someone was not willing to do any work, then it would be their problem and would not negatively affect anyone else. The second is that it is the economic system that promotes growth the most, since it encourages people to work harder to live better. Its capacity for success has already been demonstrated in the last century by the evolution of the economies of capitalist countries compared to the economies of communist countries. In short, capitalism is the strongest economic system and has been proven why all other economic systems have failed to compete against capitalism, it defends individual rights and freedoms and promotes growth. Capitalism is an economic system where the means of production are owned by private companies trying to succeed and make money – unlike communism where the means of production are owned by... middle of paper... p ://www.fee.org/the_freeman/detail/capitalism-and -the-weak>.Natalya King. "What is communism?" The casual truth. Np, 17 June 2010. Web. 01 April 2014. "Unemployment". Politics.co.uk. Np, nd Web. 27 March 2014. Country comparison :: Exports." Central Intelligence Agency. Central Intelligence Agency, 2013. Web. 29 March 2014. .Osborne, Alistair. "Margaret Thatcher: a policy that led to the sale of more than 50 companies or privatized." The Telegraph. Telegraph Media Group, 08 April 2013. Web. 29 March. 2014. .