Essay on Capitalism : The New Economy

Essay on Capitalism : The New Economy

Length: 923 words (2.6 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

The New Economy
Capitalism can be traced back to the 13th century when the merchant appears; these men were spending their money in order to make more money. They were investing, a fundamental principle of capitalism. Investing is a principle that was inspired by joint-stock companies. This is where several individuals invest in a major project with the goal of sharing in the profit. These partnerships with multiple people eventually lead to the most valuable tool in America’s economy, the corporation. A corporation is an entity that represents a group of people partaking in business. Corporations are used to act as a legal barrier between the individuals running it and anyone who might threaten a business legally. Capitalism can be taken advantage of and used to oppress other people; but the world has learned that with a combination of a government that represents the people and an economy that requires individual labor and responsibility that the results are a prospering society. Today, particularly in America, we see a version of capitalism that has been refined for over half a millennia, this is democratic capitalism. Democratic capitalism is the best structure for a economy because of its statistical dominance, Advancement in society, and its moral superiority to other economic systems.
In order to measure how good an economic structure is, the gross domestic product (GDP) of countries using the system need to be compared to others. The World is dominated by capitalism because countries everywhere are realizing the benefits. It is no coincidence that the top 5 GDP contributing nations are some form of capitalist. At number 2 on the list is China, with a market value of 11 billion. This is very important because of the correl...

... middle of paper ...

... to make as much money as they justly can. Moral Governments should not hold the people 's money because of the power it gives. The power of a country should be grounded in the poeple.

Capitalism may not have a perfect history, but under a democracy it has become a driving force for financial growth, Advancement in society, and moral government and economy. Overtime capitalism has developed into the economy of the present and the future. Nations globally are realizing the benefits of having a productive and powerful citizens. The people of the world constantly wants to improve their lives through better products and more money. Responsibility and independence may not look so good for the future, but we can only hope it will improve. There are still things that need to be adjusted to make capitalism better, but In the future we might see a better world because of it.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Capitalism Vs. Socialism And Capitalism Essay

- Capitalism VS Socialism Two of the most talked about economic systems are socialism and capitalism. These economic systems are pretty different but both have proven their success In the modern day. Capitalism focuses on freedom of the market while socialism focuses on equal opportunity for all. Most modern capitalist countries have socialist aspects. This being said most modern socialist countries are not completely socialist and have other influences as well. Without influence from each other neither would be able to properly exist in the modern world....   [tags: Capitalism, Socialism, Karl Marx, Marxism]

Better Essays
2323 words (6.6 pages)

Capitalism And Crises : The Emergence Of Capitalism Essay

- Capitalism and Crises The emergence of capitalism began in the 15th century by the development of mercantilism. We can say that mercantilism is an expression of mercantile capitalism. However, capitalism is not supported by a market economy; there was an obstacle for the emergence of the capital system in order to function fully with all institutions. Physiocracy began to develop with mercantilism in the 17th and 18th centuries. We can express these developments as an agricultural capitalism....   [tags: Capitalism, Great Depression, Inflation, Economy]

Better Essays
2365 words (6.8 pages)

Capitalism Is Far From Perfect Essay

- INTRO: The poor gets poorer, and the rich gets richer. Economically speaking, this is the truth about Capitalism. Numerous people agree that this inequality shows the greedy nature of humankind. The author of the source displays a capitalist perspective that encompasses an individualist approach towards an “un-ideal” economic system. The source articulates a prominent idea that capitalism is far from perfect. The reality is, as long as capitalism exists, there are always those people who are too poor or too rich in the system....   [tags: Capitalism, Free market, Great Depression]

Better Essays
1547 words (4.4 pages)

Capitalism Is A Way Of Organizing An Economy Essay

- Within a small period of time, capitalism has emerged as one of the dominant economic systems in the world. Although different ideas were implemented dating back to medieval times, none been able to produce the same freedom offered by Adam Smith’s laissez-faire capitalism over the last few centuries. According to Merriam-Webster dictionary, capitalism is a way of organizing an economy so that the things that are used to make and transport products are owned by individual people and companies rather than by the government....   [tags: Capitalism, Free market, Economic liberalism]

Better Essays
1020 words (2.9 pages)

Capitalism And Socialism : A Capitalist Society Essay

- Within a capitalist society, the economy runs through private companies owned by individuals. Decisions over the use of production are made by the owner of said company. Citizens and corporations are free to decide how they spend their money. They are able to reserve it, donate it to charity, or buy products, services or property. This freedom of wealth is caused the free market. The free market is all those things that money can purchase, and the persons can act freely related to whether they want to buy it or what they will buy....   [tags: Capitalism, Socialism, Market economy, Communism]

Better Essays
1320 words (3.8 pages)

Capitalism Vs. Socialism : Capitalism And Capitalism Essay

- Capitalism vs. Socialism Capitalism allows the economy to experience growth and freedom. The economy is made by buyers, people, and sellers. This allows consumers to have a choice. All products are produced to create a profit. Then the profit is invested back into the economy. Capitalism is a free market. This means the market chooses to invest, produce a product, sell or trade products, and economic decisions. The only time the Government is allowed is to create and enforce policies/rules is when it comes to the oversight of business....   [tags: Economics, Capitalism, Working class, Socialism]

Better Essays
882 words (2.5 pages)

Capitalism : The New Form Of Idolatry Essay

- Catholic Pope Francis made several statements regarding capitalism in an article written by Ibctimes. The Pope referred to capitalism as the new form of idolatry. He made a powerful statement saying money should serve humanity, not lead. Some American citizen are not aware of what capitalism is. Capitalism is the system that allows individual private owners to make a profit from providing goods and services. These private owners are able to choose what they want to sell as well as set their own prices that are accepted by consumers....   [tags: Capitalism, Free market, Economic system]

Better Essays
778 words (2.2 pages)

Ideal Capitalism And Its Impact On The Economy Essay

- A definition of economy can be, the activities by which a geographic area will maintain itself through the production, and consumption of its goods and services. Goods are those products that can be seen or touched, such as a house or a taco. Services are intangible processes that someone or something can do to create products, such as a carpenter building a house or a chef cooking food. Three of the economic systems are capitalism, a socialism, and mixed economies. There is no “pure” capitalism or “pure” socialism economy; they overlap with the result being a mixed economy....   [tags: Capitalism, Economic system, Communism, Socialism]

Better Essays
1260 words (3.6 pages)

Is Capitalism Or Against It? Essay

- With Capitalism or Against it Capitalism has been and still is a controversial issue being talked about today in our society and government. Capitalism is an economic system in which the country is controlled by private owners in making profit. In this form of economic system, the government has limited role in society. In the two videos, there are two arguments: one in support of capitalism and one critical of capitalism, particularly in favor of a modified form of capitalism. In Milton Friedman’s video, “What is America....   [tags: Capitalism, Free market, United States]

Better Essays
1524 words (4.4 pages)

Capitalism Is The Best Economic System Essay

- Capitalism is an economic system in which the production and distribution are privately owned, the government involvement is minimal,and there is free enterprise. In Capitalism, the means of production are privately owned and operated for profit in a competitive market. Also the economic investment, ownership and profits are all owned by individuals. Under capitalism the state is separated from the economy, which means that the government has no role in business. In other words, everyone works for themselves....   [tags: Capitalism, Communism, Means of production]

Better Essays
905 words (2.6 pages)