Since when, did capitalism become stealing from others or some kind of scam?
What is capitalism?
CapitalismWhat are problems of capitalism?
In common usage, the word capitalism means an economic system in which all or most of the means of production are privately owned and operated, and in which the investment of capital and the production, distribution and prices of commodities, goods and services are determined mainly in a free market. Also, profit is permissible (some consider it essential to a definition) and wage or salary may be paid for labour.
Source - Wikipedia
Unequal distribution of wealth and incomeWhether capitalism can create a heaven on earth is debatable. There are numerous criticisms, and many problems are pointed out. It is probably too naïve to say that capitalism is a perfect system. However, since when, did capitalism become stealing from others or some kind of scam? There are many problems in today's financial sector, and the sector sometimes almost looks like that it is designed to steal from others. Isn't there misunderstanding of capitalism or it is only an example of the fact that 23 million adults in U.S. can't read, so many of those in the financial sector simply do not understand what capitalism means and they actually believe that they are following the principle of capitalism while they steal and run scam?
It is reasonable to expect that some disparity in wealth and income among individuals would exist in a capitalist system as this is determined through market forces rather than by centralized governmental authority. Some view a significant disparity and concentration of wealth to be problem and that such is endemic to capitalism, while others do not have such egalitarian concerns. Some opponents of capitalism assert that there should be no inequality in wealth and earnings among individuals commensurate to their inheritance, skills, abilities or efforts. Defenders of capitalism respond that since free market capitalism distributes wealth and earnings among individuals commensurate to their inheritance, skills, abilities and efforts, it provides inherent incentives for human beings to hone their skills, improve their abilities, and make strong efforts to meet the needs of each other, incentives that are missing or significantly less present in any other type of economic/political system.
Click here to read about other problems of capitalism
(Am I upset about something today...?)


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