Capitalism

A detailed Summary of Capitalism


Capitalism is on of many different systems of government that has been created on this planet. It also happens to be one of the most wasteful. It is an economic system that was created in a different time when resources were in abundance and people were not. In today's world it is the exact opposite. Although Capitalism is wasting our natural resources, it is still one of the top economies and because of that we need to come up with a better system of government that is not as wasteful.

Although Capitalism is an outdated system of economics, it still can function in today's society. It allows for private companies to become huge multi national conglomerates without the government stepping in and controlling production of their goods. This allows for a free market in which anyone can play a part. There are no rules for how an item is to be made. The


company has the right to waste as much of a resource as they want. Environmentalists might protest the company, but the company can still do whatever it likes. Modern capitalism is essentially mass production for the needs of the masses, as stated by the famous economist Ludwig Von Mises. This means that the people that buy the products of capitalism are the same people that cooperate in the production of those products. Despite the economic burden capitalism has on our planet it is still one of the most widely used, even though it is bad for the environment.

Just doing the morally correct thing can solve many problems associated with capitalism. The waste of natural resources can be prevented by creating new techniques for manufacturing goods so that not as much of a resource is needed to create the same item. The company can also try to find a substitut

Some common words found in the essay are:
Herman Daily, , Von Mises, According Hawkin, natural resources, waste natural resources, waste natural, continue waste, planet happens, human race, continue waste natural, wasting natural resources, wasting natural, system economics, item company,

Approximate Word count = 584
Approximate Pages = 2 (250 words per page double spaced)

Category: Politics

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