What Capitalism Is and How It Affects People.


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Uploaded on Aug 18, 2021

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What Capitalism Is and How It Affects People.

WHAT CAPITALISM IS AND HOW IT AFFECTS PEOPLE? Capitalism Capitalism is defined as an economic system in which a country’s trade, industry, and profits are controlled by private companies, instead of by the people whose time and labor powers those companies. Source: www.teenvogue.com Where did capitalism come from? The origins of capitalism are complicated, and stretch back to the 16th century, when the British systems of power largely collapsed after the Black Death, a deadly plague that killed off up to 60% of Europe’s entire population. Source: www.teenvogue.com What does it mean to be capitalist? Individual capitalists are typically wealthy people who have a large amount of capital (money or other financial assets) invested in business, and who benefit from the system of capitalism by making increased profits and thereby adding to their wealth. Source: www.teenvogue.com How does capitalism affect people? The kind of impact that capitalism has on your life depends on whether you’re a worker or a boss. The more profits your company brings in, the more resources you have to share with your workers, which theoretically improves everyone’s standard of living Source: www.teenvogue.com Why do people support capitalism? Capitalism’s supporters believe in several key points: Economic freedom leads to political freedom and having a state- owned means of production can lead to federal overreach and authoritarianism. Source: www.teenvogue.com Why do people support capitalism? Capitalism’s supporters believe in several key points: Economic freedom leads to political freedom and having a state- owned means of production can lead to federal overreach and authoritarianism. Source: www.teenvogue.com Why do people support capitalism cont. They view it as the only sensible way to organize a society, insisting that alternatives like socialism, communism, or anarchism are doomed to fail. Source: www.teenvogue.com Why do people oppose capitalism? Anti-capitalists view capitalism as an inhuman, anti-democratic, unsustainable, deeply exploitative system that must be dismantled. They see it as inherently at odds with democracy because of how capitalist bosses hold power over workers in the workplace and the fact that, the more capital one accrues, the more power they have. Source: www.teenvogue.com Capitalism vs. Socialism Proponents of socialism say their system evolves from capitalism. It improves upon it by providing a direct route between citizens and the goods and services they want. Source: www.thebalance.com Capitalism vs. Communism Communism evolves beyond both socialism and capitalism, according to theorists. The government provides everyone with a minimum standard of living. That's guaranteed, regardless of their economic contribution. Source: www.thebalance.com