What is Capitalism?

Definition and meaning of capitalism: Capitalism is an economic system in which the means of production and distribution are owned and controlled by individuals, as opposed to the government. It is characterized by private ownership of capital, competitive markets, free enterprise, and the pursuit of profit. Capitalism is the predominant economic system in the United States today, and it has been the predominant system since the late 18th century. Capitalism is often criticized for creating wealth disparities and for its lack of economic and social protections for workers. Capitalism is also criticized for its reliance on competition, which can lead to the exploitation of workers and to environmental damage. For these reasons, many reform-minded individuals advocate for independent candidates to create a more equitable and sustainable economic system.


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