Capitalism: Difference between revisions

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|likes = Money <br> Tax breaks <br> Oil <br> Adam Smith
|likes = Money <br> Tax breaks <br> Oil <br> Adam Smith
|dislikes = Unions <br> Worker co-ops <br> The Environment <br>}}
|dislikes = Unions <br> Worker co-ops <br> The Environment <br>}}
'''Capitalism''' is an ideology representing a broad range of ideologies that fall under the umbrella of "Capitalism". Capitalism is often deeply understood as most people debating it think of it as a different thing, but we will define it by the three institutions:
'''Capitalism''' is an ideology and economic system representing a broad range of ideologies that fall under the umbrella of "capitalism". Capitalism is defined in many different ways, by [[File:Soc.png]] [[Socialism|Socialists]] it's usually defined as a system where the bourgeoisie exploit the proletariat, by [[File:Anmark2.png]] [[Market Anarchism|market anarchists]] it's usually defined as [[File:Corp.png]] [[Corporatocracy|corrupt market]]s and by [[File:Libertarian.png]] [[Libertarianism|Right-Libertarianism]] it's usually defined as a free enterprise system.
Capitalism, is defined in many different ways, by [[File:Soc.png]] [[Socialism|Socialists]] it's usually defined as a system where the bourgeoisie exploit the proletariat, by [[File:Anmark2.png]] [[Market Anarchism|market anarchists]] it's usually defined as [[File:Corp.png]] [[Corporatocracy|corrupt market]]s and by [[File:Libertarian.png]] [[Libertarianism|Right-Libertarianism]] it's usually defined as a free enterprise system.
Capitalism fundamentally needs 5 institutions to function:
Capitalism fundamentally needs 5 institutions to function:


#Private Property
#Private Property
#Free Exchange
#Free Exchange
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#A good and efficient law system
#A good and efficient law system


Also the meaning of capital is often misunderstood, since it's not only money but everything necessary for the production of consumer goods: Workers, capacitation of the workers, machines, materials, the factory itself, financial capital (The money that finances those necessary capital goods), etc...
The meaning of capital is also often misunderstood, since it's not only money but everything necessary for the production of consumer goods: Workers, capacitation of the workers, machines, materials, the factory itself, financial capital (The money that finances those necessary capital goods), etc...


Capitalism can fall under any cultural and statist position but is always is on the right-wing on the economic spectrum (unless you're [[File:Capcom.png]] [[Capitalist Communism]]).
Capitalism can fall under any cultural and statist position, but as an economic system, it's usually regarded as right-wing (although some ideologies that can arguably be considered capitalist can be considered economically centrist or center-left, such as [[File:Socdem.png]] [[Social Democracy]])


== History ==
== History ==
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According to the ''Oxford English Dictionary'' (OED), the term "capitalism" first appeared in English in 1854 in the novel, "The Newcomes" by William Makepeace Thackeray, where he meant "having ownership of capital". Also according to the OED, Carl Adolph Douai, a German American socialist and abolitionist, used the phrase "private capitalism" in 1863.
According to the ''Oxford English Dictionary'' (OED), the term "capitalism" first appeared in English in 1854 in the novel, "The Newcomes" by William Makepeace Thackeray, where he meant "having ownership of capital". Also according to the OED, Carl Adolph Douai, a German American socialist and abolitionist, used the phrase "private capitalism" in 1863.

== Variants ==
=== Laissez-Faire Capitalism ===
Laissez-faire capitalism is a form of capitalism in which the government rarely intervenes, or even doesn't intervene at all in the economy. A laissez-faire economy is one based on a free market, without any regulation on trade, business or working conditions. Laissez-faire capitalists also reject welfare, and believe in little (or even no) taxation. Laissez-faire capitalism can be justified either by arguing that such a system is the most efficient, or that such a system is based on freedom, and therefore is the only ethical system. Laissez-faire capitalism is usually associated with libertarian ideologies such as libertarianism, minarchism, austrolibertarianism and anarcho-capitalism, but it can also be supported by civically neutral, or even authoritarian ideologies, such as Pinochetism.
=== Regulated Capitalism ===
Regulated capitalism is a system in which the government intervenes in the economy in order to maximize efficiency, and/or to protect workers and consumers. All existing capitalist societies follow this form of capitalism, even the ones with most economic freedom. Economic regulations can range from regulations to protect workers (such as workplace safety laws, minimum wage laws, laws that protect unions, etc.) to environmental regulations to penalize businesses that harm the environemtn, to government intervention to help the economy during times of crisis. Some ideologies support minimal regulation, such as Ordo-Liberalism, while some support quite a lot of regulation, such as Social Democracy. The Keynesian school of economics is a popular economic school that promotes regulated capitalism.
=== Welfare Capitalism ===
TBA
=== State Capitalism ===
TBA


== Personality and Behaviour ==
== Personality and Behaviour ==

Revision as of 23:07, 1 April 2021


Capitalism is an ideology and economic system representing a broad range of ideologies that fall under the umbrella of "capitalism". Capitalism is defined in many different ways, by File:Soc.png Socialists it's usually defined as a system where the bourgeoisie exploit the proletariat, by market anarchists it's usually defined as corrupt markets and by Right-Libertarianism it's usually defined as a free enterprise system. Capitalism fundamentally needs 5 institutions to function:


  1. Private Property
  2. Free Exchange
  3. Competition
  4. Division of Labor
  5. Social Co-operation

Other ingredients necessary for the development of Capitalism are:

  1. Freedom of contract. There must be job flexibility and work contract, allowing better division of work and specialization.
  2. Constitutional (limited) government to assure that private property is not violated by the state.
  3. The exchange of goods and services in a market economy.
  4. Free financial markets and access to capital.
  5. Ease of starting and managing a business.
  6. A good and efficient law system

The meaning of capital is also often misunderstood, since it's not only money but everything necessary for the production of consumer goods: Workers, capacitation of the workers, machines, materials, the factory itself, financial capital (The money that finances those necessary capital goods), etc...

Capitalism can fall under any cultural and statist position, but as an economic system, it's usually regarded as right-wing (although some ideologies that can arguably be considered capitalist can be considered economically centrist or center-left, such as Social Democracy)

History

The expression "capitalist", which means a proprietor of capital, shows up sooner than the expression "private enterprise" and dates to the mid-seventeenth century. "Private enterprise" is determined from capital, which developed from capitale, a late Latin word based on caput, signifying "head"— which is likewise the cause of "property" and "cows" in the feeling of versatile property (just a lot later to allude just to livestock). Capital emerged in the twelfth to thirteenth hundreds of years to allude to reserves, load of product, total of cash or cash conveying interest.

By 1283, it was utilized in the feeling of the capital resources of an exchanging firm and was regularly traded with different words—riches, cash, reserves, merchandise, resources, property, etc...

According to the Oxford English Dictionary (OED), the term "capitalism" first appeared in English in 1854 in the novel, "The Newcomes" by William Makepeace Thackeray, where he meant "having ownership of capital". Also according to the OED, Carl Adolph Douai, a German American socialist and abolitionist, used the phrase "private capitalism" in 1863.

Variants

Laissez-Faire Capitalism

Laissez-faire capitalism is a form of capitalism in which the government rarely intervenes, or even doesn't intervene at all in the economy. A laissez-faire economy is one based on a free market, without any regulation on trade, business or working conditions. Laissez-faire capitalists also reject welfare, and believe in little (or even no) taxation. Laissez-faire capitalism can be justified either by arguing that such a system is the most efficient, or that such a system is based on freedom, and therefore is the only ethical system. Laissez-faire capitalism is usually associated with libertarian ideologies such as libertarianism, minarchism, austrolibertarianism and anarcho-capitalism, but it can also be supported by civically neutral, or even authoritarian ideologies, such as Pinochetism.

Regulated Capitalism

Regulated capitalism is a system in which the government intervenes in the economy in order to maximize efficiency, and/or to protect workers and consumers. All existing capitalist societies follow this form of capitalism, even the ones with most economic freedom. Economic regulations can range from regulations to protect workers (such as workplace safety laws, minimum wage laws, laws that protect unions, etc.) to environmental regulations to penalize businesses that harm the environemtn, to government intervention to help the economy during times of crisis. Some ideologies support minimal regulation, such as Ordo-Liberalism, while some support quite a lot of regulation, such as Social Democracy. The Keynesian school of economics is a popular economic school that promotes regulated capitalism.

Welfare Capitalism

TBA

State Capitalism

TBA

Personality and Behaviour

Capitalism is obsessed with money and is portrayed as wealthy and owning several businesses. He is extremely anti-tax(Unless that tax is used to help bail out his company), anti-public property, pro-private ownership of capital. Capitalism is often portrayed with the personality and mannerisms of the character Mr. Krabs from Spongebob Squarepants.

How to Draw

Flag of Capitalism
  1. Draw a ball with eyes,
  2. Color the ball yellow,
  3. Add a green dollar sign on its front,
  4. Give the ball a black top hat and a golden monocle.
Color Name HEX RGB
Yellow #FFF301 255, 243, 1
Green #008000 0, 128, 0
Black #000000 0, 0, 0
Grey #5D5D5D 93, 93, 93

Relationships

Busiess partners

Mixed

  • Kleptocracy- I can’t believe someone greedier than me exists but hey beggars cant be choosers.
  • Corporatism - I don't like him but, you know, money is money...Also could you like not to say that the banks are controlled by the jews or something.
  • Monarchism - I don't like him either with this Monarchy thing, but he is rich.
  • Capitalist Communism - 50% of the time you're right. The other 50% of the time you’re wrong.
  • Dengism - Capitalist Communism in practice.
  • Athenian Democracy - Why does one of the only non-capitalists who realizes that I don't support slavery have to mean that in a negative way!? Also slavery is wrong both morally and economically.
  • Paternalistic Conservatism - He is somewhat capitalistic but he supports this "social welfare" shit. Sorry bro, companies have the freedom to do whatever they please.
  • Social Democracy - He is somewhat capitalistic but he supports this "labor rights" shit. Then again, he might've saved my life in the Interwar period. I also liked how you crushed those commies in Germany.
  • Fascism - Thinks I'm a degenerate or whatever, but did a damn good job at crushing those commies (even though he was created by a former commie, so it's best to be wary).
  • National Socialism - Again, goes off about how I'm a degenerate or whatever, but certainly not a bad business partner by any means...

Competitors

Further Information

Wikipedia

Books

Videos

Gallery

Template:Rightunity Template:Caps

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