Josselyn Ramos

Professor Barker
Politics 1100
9 December 2016
Capitalism
Capitalism, a ten letter word that indicates a direct meaning, an interesting system that is based
on supply and demand, and a topic that usually turns into heated arguments. Capitalism is an
economic system in a most clear form owning properties, products, private shares, efficient
initiative, reduced prices, and better services. Capitalism is a system where government has
minimal to zero control in the market system. This results into not having rules and laws for
those who own property that employ individuals to work for them.
The free market system is a system in which services, prices, and goods are based on markets
and consumers law. Supply and demand is the ruler of this economy. A good example of a
capitalist is the president of the United States, Donald Trump. He purchases properties and then
holds on to them until the value of the property increases. This makes him a lot of money
because he can sell the property based on demand, so that means he can charge whatever he
wants. There is no law or government that can stop him from asking for what he wants.
Adam Smith, who was a philosopher and economist in the mid 1700s, wrote a book entitled,
The Wealth of Nations. This was the first book that was written and dedicated to the study of
political economy. Throughout this book he explained many things that were not yet all
understood by the society. Capitalists economies are the most productive and beneficial

economies to societies. (Smith) Karl Marx, a German philosopher and economist in the mid
1800s, was the inventor of the word capitalism. He believed that free market money is the one in
charge, not the people. He explained that those who owned private property choose and decided
how they would treat the labor, the workers. He believed in karma, if you do good things, then
good things happen to you in return, but if you do badly, bad will happen. He believed that it was
necessary for those to own private property in order to progress in society.
In the article, Just How Much Do Republicans Hate Unions, it talks about the Republican
Party and their belief that a Capitalist econmy is best. What people do not realize is that an
inherently hostile relationship between management and unions isnt something thats inherent in
capitalism. (Waldmen) What he is saying is that it is not good to collaborate together. The article
went on to discuss that Germanys biggest company in the Volkswagen car company. Germany Is
partnered with the United States. He basically said that Americans true colors are coming out
because they are basically screwing Germany as their taking more of the profit. This is what he
means when he says that republicans hate unions because they cannot be trusted.
Germany, and the United State are some of the countries that consider themselves as capitalists
countries. Even if a country is capitalist, the degree of the capitalism value is interpreted
differently. Germany interprets theirs different as the United States. The United States definition
of capitalism is better defined as a mixed economy.
Is Capitalism good or bad? The million dollar question. The argument that people claim to have
is that the rich and powerful should be controlled because otherwise they will treat their
employees like slaves and give them little pay and benefit. The rich will become richer and the
poor, poorer. In the article, The Truth about Money and Government, used an illustration
regarding animals, wolf and sheep. The wolf will eat the sheep, and will basically do anything to

win and over power them. Therefore, capitalism is bad because those who are powerful and rich
will be unfair and inhuman. They will take advantage of their sheep and then not reward them for
the hard work that they put in. The sheep will not be allowed to do anything because the
government has no power or control over the owner to defend the sheep.
Capitalism can be good in terms of its the road to the Serfdom. The rewarding road to those who
own property. More money will be made, and the price of life would not be high. Supply and
demand would determine how and what is sold at how much. One would make more progress
and humans would be more producible. Life would be freer with little checks and balances from
the government.
The capitalist economy, just like everything else in this world, has good and bad results.
Capitalism is an economic system in which government has very minimal control over goods and
services. What determines that is supplies and demand. Those who are rich and powerful are the
ones who give jobs to the poor. They will be unfair and inhuman in making decisions. On a
better note a capitalist economy is an econmy will progress and benefit societies. You can
determine based on this information if you are for or against a capitalist economy.

Works Cited
Biography.com Editors. "Adam Smith Biography." Biography.com. A & E Television Nature, 9
Dec. 2016. Web. 17 Aug. 2016.
"Is Capitalism Good or Bad." The Truth About Money and Government. Economics, 1 May
2016. Web. 09 Dec. 2016.
Jessica. "The Five Most Capitalist Countries in the World - Who Are They?" Peerform | Peer to
Peer Lending Blog. Peerform, 2014. Web. 11 Dec. 2016.
Waldman, Paul. "Just How Much Do Republicans Hate Unions?" The American Prospect.
Current Magazine, 13 Feb. 2014. Web. 09 Dec. 2016.