Chapter Seven: Capitalism Gives
What does capitalism give that socialism cannot?
A better way to answer this is to look at the nature of the universe itself, not just socially and economically. All things in the universe run in cycles, even the universe itself. The universe expands and contracts. The sun is born and then burns out. Planets cycle around the sun. Every day the oceans rise and fall and every year the seasons change throughout. Axiomatic I know but just stick with me here for a moment.
So all things in the universe have these cycles they go through, even economies. Why? Well, what choice do they have? If everything else around it is rising and falling and cycling, than what gives an economy (no matter the intangibility) the …show more content…
His excess profits are then realized and he enjoys it by spreading it to other competitive businesses throughout the community with self-indulgent purchases that he confidently knows he earned. He also often shares it with those who have not enjoyed the same success (for whatever reason, there are many, of course) as once again he feels good about his own accomplishments and is proud to share the feeling. The point is…capital, more importantly excess capital, still gets …show more content…
Economic gaps under capitalism are not created because of the success or failure of those in the marketplace, but because of the fluctuations of pricing, obviously inflationary fluctuations being the most notable culprit. The U.S. had a far less % of poverty and underclass based upon population size before the inception of welfare than it has at any point since. The War on Poverty, begun in the 1970’s has seen the spending of trillions of wasted dollars to fix a problem it has only greatly exacerbated. Not because of the failure of capitalism but because of the failed machinations, if not outright misappropriations of
What does capitalism give that socialism cannot?
A better way to answer this is to look at the nature of the universe itself, not just socially and economically. All things in the universe run in cycles, even the universe itself. The universe expands and contracts. The sun is born and then burns out. Planets cycle around the sun. Every day the oceans rise and fall and every year the seasons change throughout. Axiomatic I know but just stick with me here for a moment.
So all things in the universe have these cycles they go through, even economies. Why? Well, what choice do they have? If everything else around it is rising and falling and cycling, than what gives an economy (no matter the intangibility) the …show more content…
His excess profits are then realized and he enjoys it by spreading it to other competitive businesses throughout the community with self-indulgent purchases that he confidently knows he earned. He also often shares it with those who have not enjoyed the same success (for whatever reason, there are many, of course) as once again he feels good about his own accomplishments and is proud to share the feeling. The point is…capital, more importantly excess capital, still gets …show more content…
Economic gaps under capitalism are not created because of the success or failure of those in the marketplace, but because of the fluctuations of pricing, obviously inflationary fluctuations being the most notable culprit. The U.S. had a far less % of poverty and underclass based upon population size before the inception of welfare than it has at any point since. The War on Poverty, begun in the 1970’s has seen the spending of trillions of wasted dollars to fix a problem it has only greatly exacerbated. Not because of the failure of capitalism but because of the failed machinations, if not outright misappropriations of