Anonymous #2 19w

What is capitalism?

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Anonymous #3 19w

the point of my comment is that i know what it is. i talk about what it is. i have read much about it. i have taken classes on it. i am commenting on what others think it is, which is something id like to receive comment on rather than quizzing me on it and immediately shutting down others providing their unaltered thoughts on it

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Anonymous #2 19w

It should be easy to explain it if you’ve read so much about it.

-1

NOOOOOO IMPOSSIBLE!

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Anonymous #3 19w

Would you like to share the answer to your own question with the class?

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Anonymous #5 19w

Capitalism is an economic system where most capital goods are privately owned, people are free to enter into voluntary exchanges, and market prices rather than central planning determines resource allocation.

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Anonymous #3 19w

If you were to be asked to objectively, NOT subjectively, criticize the system of capitalism - identify its weaknesses, flaws or shortcomings - what would you tell me? /gen

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Anonymous #5 19w

When you talk about weaknesses, the first question has to be “compared to what?” Capitalism, taken as a whole, has outperformed every alternative we’ve tried. A fair criticism, though, is that it rewards marketable skills, and not everyone has the capacity or opportunity to develop them. That’s why most supporters of a free-enterprise system still back a basic social safety net for people who can’t realistically provide for themselves.

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