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Essay / Capitalsim - 701
Throughout world history, many different economic systems have been created and either replaced by superior systems or collapsed due to their own shortages. But one of them – capitalism – has persevered to the point that it is now the only economic system in use around the world, except for a very short list of countries that certainly do not currently have a healthy economy. . But what allowed capitalism to succeed in the first place and become the single economic system dominating the world? What makes capitalism the strongest economic system that has ever existed? This is mainly due to 2 factors. The first is that capitalism is not an oppressive system, it defends the freedom of the individual – therefore, everyone is equal and everyone is free to do what they want with their life. Since everyone is responsible for themselves, if someone was unwilling to do a job, then it would be their problem and it would not affect anyone else negatively. The second is that it is the economic system that most promotes growth, since it encourages people to work harder to live better. Its capacity for success has already been demonstrated in the last century by the evolution of the economies of capitalist countries compared to the economies of communist countries. In short, capitalism is the strongest economic system and this has been demonstrated because all other economic systems have failed to compete with capitalism, it defends individual rights and freedoms and promotes growth. Capitalism is an economic system in which the means of production are owned by private companies. who seek to succeed and make money – unlike communism where the means of production are owned...... middle of paper ......p://www.fee.org/the_freeman /detail/capitalism-and-the-weak>.Natalya King. “What is communism?” The occasional truth. Np, June 17, 2010. Web. April 1, 2014. “Unemployment”. Politics.co.uk. Np, and Web. March 27, 2014. .Country comparison :: Exports. " Central Intelligence Agency. Central Intelligence Agency, 2013. Web. March 29, 2014. . Osborne, Alistair. " Margaret Thatcher: A policy that led to more than 50 companies being sold or privatized. " The Telegraph. Telegraph Media Group, April 8, 2013. Web. March 29. 2014. .