What Is The Interconnectedness Of Capitalism
Capitalism has strong roots in America today, as the founding fathers of our nation promoted it and our leaders today continue to promote it. As the pendulum swings and government interference in the economy increases and decreases, capitalism becomes more and less pronounced at different times. While more and more people are questioning capitalism and the ethical dilemmas that come as a result of a free market system, people must realize that capitalism and the free market system give people the power to control our economy. Capitalism allows people, not governments, to control prices, quality, and demand for any product or service that exists. Calls for capitalism to be undermined and removed altogether from the American business environment
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A free market without capitalism would not work because companies would have both little competition and little restrictions, which would cause unfair business practices such as monopolies to arise. Capitalism without a free market would be difficult as well because companies would be unable to properly compete for consumers due to the many government restrictions that would be placed on them. Capitalism in conjunction with a free market system works because it allows companies to compete fairly with other companies to attract consumers while the consumers have the final choice of which companies succeed and which do not. With this system, people act as the government due to their power to restrict certain companies by not purchasing their products or services. For example, capitalism is at its best when a company that is behaving unethically loses sales or is boycotted altogether by consumers. In a case like this, consumers are doing the job of the government by punishing a company for not competing fairly. Without capitalism or the free market system, the government is in charge of punishing companies, which could go poorly if the government wrongly punishes a company or devastates a company that did not deserve a harsh punishment. Capitalism allows the people to decide, which is the epitome of the American way of
A free market without capitalism would not work because companies would have both little competition and little restrictions, which would cause unfair business practices such as monopolies to arise. Capitalism without a free market would be difficult as well because companies would be unable to properly compete for consumers due to the many government restrictions that would be placed on them. Capitalism in conjunction with a free market system works because it allows companies to compete fairly with other companies to attract consumers while the consumers have the final choice of which companies succeed and which do not. With this system, people act as the government due to their power to restrict certain companies by not purchasing their products or services. For example, capitalism is at its best when a company that is behaving unethically loses sales or is boycotted altogether by consumers. In a case like this, consumers are doing the job of the government by punishing a company for not competing fairly. Without capitalism or the free market system, the government is in charge of punishing companies, which could go poorly if the government wrongly punishes a company or devastates a company that did not deserve a harsh punishment. Capitalism allows the people to decide, which is the epitome of the American way of