Capitalism
A characteristic of man that separates him from the majority of the animal world is his organization of social and economic systems. Man, however, retains traits of his evolutionary ancestors in the form of self-preservation and greediness. While many political, economic, and social systems attempt to eliminate this modern form of natural selection, capitalism and similar economic structures preserve social inequality in many forms. Historically, this preservation of financial inequality has achieved a higher standard of living generally than systems initially formed and employed to achieve just that. There are specific economic factors of capitalism that enables it to make life more civilized and beneficial for its population. By definition, capitalism is an economic system controlled chiefly by individuals and private companies instead of by the government. Through this, it stresses private economic choices. People are free to decide how they will earn and spend their income. Companies may choose which goods and services to produce and how much to charge for them based on the wants, or demand of the people. This regulates the amount and kind of products produced to accommodate the population. Because of this emphasis on economic
individual freedom to become the wealthiest of one's nation, many inequalities form in the distribution of wealth. As many citizens are able to acquire their needs to survive and eventually purchase luxuries, some citizens are not able to support their own existence and eventually die of cold, starvation, or other such causes. Although this is viewed by many as inhumane, capitalist societies achieve a higher standard of living than other socialist and communist societies. This also provides incentive for the unemployed to find jobs, as they are not supported by others in a capitalist society. Historically, communist societies achieved less disproportionate financial inequality, but the standard of living was lower than that of capitalist societies. This is a major reason that capitalism is better. Also, a free market in a capitalist society deals with the economic needs of the people better than socialist or communist government planners. The complexity of human behavior and the vastness of one society is too great for human planners to address. A typical example of this can be found in the former Soviet Union. The planners of this communist nation issued a plan that factories with the greatest production of cloth textiles in feet would receive monetary bonuses. In response, the factories narrowed the size of cloth, producing more feet of unusable textile. This irrational outcome would not have occurred in a capitalist government
Some common words found in the essay are:
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Approximate Word count = 970
Approximate Pages = 4 (250 words per page double spaced)
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