Understanding Capitalism

According to Merriam Webster, the definition of capitalism is a way of organizing an economy so that the things that are used to make and transport products (such as land, oil, factories, ships, etc.) are owned by individual people and companies rather than by the government. It clearly shows us that capitalism is the opposite of marxism a.k.a communism. In the capitalism system, individual role is really important. The government doesn’t control every aspect of the state's affair, they're observing the interests of each classes and how they work, they create a stable system of law that applies to all capitalists, a national currency and customs system. 

Capitalism nowadays is the social system that is used by almost all countries in the world. There are classes in capitalism in which the majority of them have to work to earn the wage, we called it working class. They have to produce stuff and the capitalist class is going to sell them to make profit. Capitalist class is living off profit the working class made.  We can say that those two classes are exists and mutual, it’s a reflection of the society we live in nowadays.

The main interest of capitalist class is to make profit. They intend to make themselves as rich as they could, because it’s all about individual wealth. But we couldn’t mistake it as slavery because the working class is getting a proper wage and after all, capitalism makes man become virtuous, appreciates their rights as a man, and it could bring many people out of poverty.

Irena Natasya-1701299185

Credit: http://www.worldsocialism.org/articles/what_is_capitalism.php

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