Capitalism

Capitalism Capitalism is one of many different systems of government that has been created. It is also one of the most wasteful. It is an economic system that was created in a different time when resources were in abundance and people were not. In today’s world, the situation is the exact opposite. Capitalism contributes to the wasting of natural resources; therefore we need to come up with a better system of government that is not as wasteful. Capitalism is an outdated system of economics, but it still functions in today’s society. It allows for private companies to become huge multi-national conglomerates without government oversight or government control of goods production. This allows for a free market in which anyone can participate in. There are few rules for how an item is made. Companies have the right to waste as much of a resource as they like. Environmentalists have the right to protest the manufacturer, but the manufacturer can still do whatever it likes. As stated by the famous economist Ludwig Von Mises, modern capitalism is mass production for the needs of the masses. Essentially, he is saying that people who buy products of capitalism are the same people that cooperate in resources, natural, capitalism, waste, government, wasting, today’s, system, resource, production, planet, people, one, economic, continue, world, wasteful, united, steps, states, same, right, race, products, pounds, must, manufacturer, lack, item, human, goods, economist, different, created, create, countries