Capitalism: Difference between revisions

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|image = Jao-capitalism.png
|image = Jao-capitalism.png
|caption = Capitalism: God's way of determining who is smart and who is poor.
|caption = Capitalism: God's way of determining who is smart and who is poor.
|aliases = Market Economy <br> Laissez-Faire <br> Capitalist Mode of Production <br> Free Market <br> Cap <br> Big Boss <br> [[File:Crapitalism.png]] Crapitalism (By Leftists) <br> Radical Capitalism <br> RadCap
|aliases = Market Economy <br> Economic liberalism <br> Laissez-Faire <br> Capitalist Mode of Production <br> Free Market <br> Cap <br> Big Boss <br> [[File:Crapitalism.png]] Crapitalism (By Leftists) <br> Radical Capitalism <br> RadCap
|alignments = [[File:Rightunity-yellow.png]] [[RightUnity]] <br>
|alignments = [[File:Rightunity-yellow.png]] [[RightUnity]] <br>
[[File:Cap.png]] [[:Category:Capitalists|Capitalists]]
[[File:Cap.png]] [[:Category:Capitalists|Capitalists]]

Revision as of 12:13, 18 May 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. Contractual freedom.
  2. Constitutional (limited) government.
  3. Free financial markets and access to capital.
  4. Ease of starting and managing a business.
  5. 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, raw materials, the workplace itself, financial capital (The money that finances those capital goods), etc...

Capitalism can fall under any cultural and civic positions, but as an economic system, it's usually regarded as right-wing (although some ideologies that can arguably be considered capitalist can also 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 thirteenth to fourteenth centuries 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 where the government doesn't intervene in the economy whatsoever. 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 due to auto-regulation of the market, 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, Austrian Libertarianism and Anarcho-Capitalism, but it can also be supported by civically neutral, or even authoritarian ideologies, such as Pinochetism, for example.

Regulated Capitalism

Regulated capitalism is a system where 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 that penalize businesses that harm the environment, 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

Welfare Capitalism is a form of Capitalism that promotes the existence of a welfare state, that is, the promotion of the creation of various government owned/ran enterprises that provide different services, such as public education, public healthcare, public housing, etc... This form of capitalism is also present in smaller or bigger proportions, on most modern societies. This system doesn't focus as much on regulation as a way to help the poorer citizens, but the providance of certain universally-needed services, so some modern societies that have large welfare systems, such as Denmark, dispose of certain regulations such as minimum wage or layoff payment.

State Capitalism

State Capitalism is an economic system that focuses on the role of government on (for-profit) economic activity. It promotes the existence of various state-owned and state-ran enterprises, but in a different way than Welfare Capitalism. While Welfare Capitalism believes the state's role on the economy is to provide essential services, without much interference on the other sectors of the economy, State Capitalism believes the state should take a fundamental role on commercial activities, both owning a big portion of the economy and highly regulating the private portion of it; although, there is some overlapping between some societies that have in place a Welfarist Capitalist system and ones that have a State Capitalist system, such as Norway, for example. It counts with two primary wings. One that wants an economy where public and private enterprises co-exist, while the other wants a society where private enterprise is banned and the state has a monopoly on production.

Personality and Behaviour

Capitalism is obsessed with money and is portrayed as wealthy and owning several businesses. He is extremely anti-taxation (unless that tax is used to help bail out his company), anti-public property, and 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

Business 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 as they please without taxes being thrusted against their throats to pay for the services of others.
  • National Capitalism - Good economics, but racism is bad for business.
  • 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... One big negative factor in my own opinion of you is that your defeat in World War 2 made Eastern Europe a communist heartland for several decades.
  • Technocracy - If you really detest me that much, why haven't I seen you reject my investment? Oh right, you need that, maybe you should remember that too.

Competitors

Further Information

Wikipedia

Books

Videos

Gallery

Template:Rightunity Template:Caps

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