Capitalism is an economic system in which there is private ownership of industry and freedom of competition which prices, production, and distribution of wealth is made and maintained by individuals or corporations. “Capitalism means the complete separation of economy and state” (Engardio, p. 2). But this separation is just an aspect of what capitalism is based upon, w

A capitalist society is one in which a person has total control over his life, and it is his choice whether he wants to succeed in it. A person works hard to achieve a goal only through his self-interest. An individual’s pursuit of his own self-interest automatically increases the self-interest of all others. Capitalism allows wealth to be created through the most efficient manner which raises the standard of living, increases economic opportunities, and makes an ever growing supply of products for everyone. When one person gains wealth, he creates wealth and opportunities for others “…which means that as rich become richer, the poor become richer” (Geelong, p.4).

hich is individual rights. Capitalism is the only system based on individual rights and that means that each and every person is the owner of his own life and can do whatever he chooses to do in his life as long as it does not violate the rights of others.

Through many examples it is clear that capitalism is the best and most superior economic system. Capitalism and socialism have been around for many years and from facts it was shown tha

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