Capitalism Essay -- essays research papers

CapitalismToday in the coupled States, a salvage market system or capitalist economy is the of import economical system. I am interested in this subject because I someday wish toown my own business. I believe that in the future this topic depart be veryuseful to me. Among the topics that I will discuss are the greeks and romansearly practices of capitalism, the ideas of Joseph Schumpeter, Rush Limbaugh,and Karl Marx, corporations, regulation by the government, and Reaganomics. Iwill also discuss the relationship between inflation and unemployment. Inaddition, I will give my own perspective on the economic theories that Impresenting. These are just a few of the things that I will be discussing in thispaper.HISTORY OF CAPITALISMMany of the institutions of capitalism butt joint be traced back to Greek andRoman times. Things such as trade, moneylending, and redress were well knownpractices to them. Unfortunatly, growth of the Roman Empire prevented further tuition of a private bu siness class. As power over economic growth cameback to the people or lords during the Middle Ages, modern capitalism go abouted toevolve. (The Software Tool act ass Illistrated Encyclopedia)In the late Middle Ages, the medieval economy was ground on MANORALISM.This system said that peasants worked on the land that the lords owned, buteverthing that was produced by them was kept in return they had to performservices or liquidate dues to there lord. During this time period, there was noincentive to produce monolithic and productive resources. The end of the midievalManoralism was brought about by a queen-sizedr direct for goods. Kings competedagainst lords, and lords competed with peasants for the rights to what wasproduced. As a result, there was an emergence of merchants and businessmen whoaccumulated large sums of capital. In addition, there was also a largeemergence of banks and the start of corporations. (Galbraith Pg. 58)The only other economic system that got much attent ion was a new ideacalled Communism. A mortal named Karl Marx wrote a book called the communisticManifesto which thought of the state as being the main restrainer of economicgrowth, unlike capitalism where the people in a free market are the maincontrollers of economic growth. In the 19th ascorbic acid when most of the world likeBritan, France, Germany, and the United States were in the age of ... ... overreach elected to bepresident is because he plays the game of class warfare. Clinton did a good subscriber lineof convincing the poor and the middle class that Reagan did them wrong. Clintonbelieves that the copious should be punished by higher taxes. I ask you, " whereforeshould you punish prosperity?" The main goal of the liberals and Bill Clintonis the reditribution of wealth. The key enquiry to ponder is, " when doprofits become unfair and excessive?" (Limbaugh Pg. 118-119)In conclusion, capitalism is the best thing to help the United Stateseconomy grow. The enterpriser is the person who makes this economy rumsmoothly and profitably. A creative person at the head of a company can do alot more than than a person who is at the head of a state-runned bureaucracy. This istrue because the entrepreneur has incentive to do the job correctly, but thebureacrat has none because he knows that his job will still be there tomorrow no military issue how he performs. I will agree that pure capitalism wont work becauseyou still need environmental laws and other laws to protect the consumer.However, problems begin when fundamental socialistic views like Bill Clintons areimposed.