Capitalism: Difference between revisions
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[[File:PlannedEconomy.png]] Planned economies<br>
[[File:Autarky.png]] Autarky
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}}{{Quote|quote="Under any form of economic or political system, those at the top tend to become complacent, if not arrogant. Convincing them of anything is not easy, especially when it is some new way of doing things that is very different from what they are used to. The big advantage of a free market is that you don’t have to convince anybody of anything. You simply compete with them in the marketplace and let that be the test of what works best."<ref>[https://riosmauricio.com/wp-content/uploads/2020/07/Basic-Economics-5th-Edition-Thomas-Sowell.pdf Basic Economics]</ref>|speaker=[[File:Sowell.png]] [[Libertarian Conservatism|Thomas Sowell]]}}▼
*[[File:Cball-Veneto.png]] [[Patchwork|Venetian Republic]] (697-1797)
*[[File:BritishEmpire.png]] [[Imperialism|British Empire]] (1707-1997)
*[[File:Cball-US.png]] [[American Model|USA]] (1776-)
*[[File:Cball-Chile.png]] [[Pinochetism|Chile]](1973-1990)
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'''Capitalism''', or [[File:Econlib.png]] '''{{PCBA|Economic Liberalism}}''', is an economic system based on the private ownership of the means of production and their operation for profit. In a market economy, decision-making and investments are determined by owners of wealth, property, or ability to maneuver capital or production ability in capital and financial markets—whereas prices and the distribution of goods and services are mainly determined by competition in goods and services markets.
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