Capitalism is the Best Economic System

No doubt about that, but Captain Capitalism provides a very strong empirical evidence to back this up.

The greater the time frame, the greater the correlation.

Read more about it HERE

So if our only purpose was to have a better economy, Capitalism is the only way to go. In the long run, the economic system which renders the greatest growti will tend to dominate.

Socialists like to believe that free-market economic growth will tend to crystalize a power structure and increase inequality. But as the size of the economy has no clearly defined boundary (it can go on forever), inequality can only go as far as 100%. With 100% meaning that there is only one owner for all capital, 0% meaning that there is a perfectly uniform distribution of wealth (more on this HERE).

Inequality won’t increase indeffinately. At best, it can vary, but it will settle at some value (which won’t be in the vicinity of 0, neither that of 100%). Quite simply, the wealthiest people around are those in the business of mass consumption. You can’t be a very large business unless you cater for the masses. So it’s absurd to say the masses will be “skinned” and left with a decreasing share of wealth, when these people are precisely the ones marketers must target to enter and remain in business. A business must please its customers to be viable.

Most people understand that employees will compete for jobs and customers will compete to get the products they want. But the other side of the equation is frequently ignored: that businesses compete for customers and employees. They understand the idea of a price, but can’t associate this concept with wages. They have an understanting of supply and demand, but frequently fail to apply this knowledge to labour relations and consummer protection. I blame the public school system and the media for most of this, but I also associate responsibility of action even to those ignorant of their effects. That is, not knowing is not an excuse.

Something to take home.


13 comments so far

  1. DS on

    I couldn’t agree with you more. However, one aspect that rarely gets mentioned is how the ultimate Capitalists (the guys who own major industry and the banking interests) aren’t interested in allowing free trade. They’re interested in cartels and monopolies in order to consolidate their profits. I lead you to an article called Capitalism Versus Communism that details the link between these large Capitalists and their efforts to suppress the “little guy”.

  2. You're a beaut on

    you’re a beaut
    what are you saying?

  3. mark suaco on

    capitalism is the best economic system!

  4. mark suaco on

    according to fidel castro communism is the best econimic system.

    • Jola on

      Ya, because he owns everything. Don’t ask castro, ASK PEOPLE
      Why do you think they risk their life to swim to US???

  5. annabel on

    capitalism must be eqaulity and no curruptstions!

  6. mary lyn on

    I agry that capitalism is the best economic system.This kind of economic system must be implement in our country…

  7. Abid on

    If capitalism is so good then why this economic recession, and why rich r becoming rich and poors are becoming poor.

  8. coks on

    for me, capitalism is the best economic system! it must apply in our country!

  9. RICH on

    Capitalism is the way to go. before i used to live in Former soviet union and i was poor. Now i own a restaurant in new york and making more than 20g’s a week. Poor=Richer Rich-Richest capitalism.

  10. analyn pablo on

    Capitalism for me is the best economic system,it is because we are free on what we want to do,and I do believe that this kind of economic system play a vital role in providing a greater growth and development in our country.

  11. Jesus cruz on

    i believe that in their purest forms all economic systems are good, the problem is the corruption of the leaders. Capitalism, even with all its corruptions, tends to keep it core so it can function correctly, yes in a perfect world other systems might be better, but for this imperfect world, capitalism is the best.

  12. s.mambumbu on

    capitalism is the best only for those have already succeeded and they dont even care about others. down with capitalm down

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