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Capitalism Viability in the Future

 

            
             "By virtue of exchange, one man's prosperity is beneficial to all others. This is true in capitalism which according to dictionary.com is an economic system in which the means of production and distribution are privately or corporately owned and development is proportionate to the accumulation and reinvestment of profits gained in a free market. Communism is a system of government in which the state plans and controls the economy and a single, often authoritarian party holds power, claiming to make progress toward a higher social order in which all goods are equally shared by the people according to dictionary.com. I believe that capitalism is still viable as an effective way to run a country. For example in theory if people choose to be successful in a capitalist system of government they will be. Also the United States has greatly benefited from their capitalist government. And finally there are the negative effects of communism which make capitalism the best choice of government. Therefore capitalism is the way to running and effective and efficient government.
             In theory in a capitalist system of government people can be successful if they choose to be. Citizens are rewarded for their efforts and the population benefits from their efforts as well. For example Bill Gates was an average guy until he felt the need for personal computers. He never knew that his company Microsoft would become as big as it had. Because of his idea he is now one of the richest people in the country. Not only is he the richest person in the country but the rest of the population has benefited as well. People are now able to type essays or use the internet right at home without using a public computer. In non-capitalist countries such as China there is no incentive for people to invent things as Bill Gates did because the person who invented the product might not be able to benefit from it. Therefore we can see that in capitalist countries people have the motivation to become come up with new ideas as it might benefit them and the rest of the population.


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