There Is To Blame For Capitalism Essay

Currently, the world is profoundly segregated on the issue of economic systems. Divided on the issue, people are supporting capitalism, socialism or a mix of both. In fact, there are no pure capitalist or socialist systems. Pure capitalism, the existence of free market, is the perfect system for the prosperity of individuals, communities and the nation as a whole. People who work so hard do not have the responsibility to pay others bills. That would only uphold further idleness and laziness to those people who fancy hard-working citizens can support everyone else.
However, citizens of a socialist state are not to blame. The lack of knowledge and negligence on the issue are the main reasons why these people are not choosing capitalism over …show more content…
This is the foremost justification for why capitalism is despised by many and not applied as it should be. The market has to function on its own for it to reflect all the perks of capitalism, as the name evidently indicate— free market. Trying to regulate price, to control and restrict companies, to tax unfairly are all signs of a corrupt capitalist government. Ironically, these actions may appear acceptable and reasonable but they are not. Nonetheless, a government’s task should be anything but these. The law of demand and supply regulate prices, previously established regulations control and restrict companies not tailored decrees to particular corporations for fear of monopoly and abuse; the market will autonomously govern that. If the market determines to make a company profitable or another one fail, then it must inherently be a good thing for everyone. As Hawkins puts it, “Under capitalism, the market reacts almost like a living thing and allocates resources where people want to spend their money.” (Hawkins). On that account, the market needs to be off-limits to the government for true capitalism to exist. A nation where the problem of education and corruption are solved is a nation where true capitalism