Well to start off, I have never really understood capitalism. "Capitalism" is conventionally defined along economic terms such as the following:

• An economic system in which the means of production and distribution are privately or corporately owned and development is proportionate to the accumulation and reinvestment of profits gained in a free market.
• This is an example of a definition by non-essentials. An essential definition of capitalism is a political definition:
• Capitalism is a social system based on the principle of individual rights.
• Socialism - A social philosophy and system of social organization based on the principle of the public ownership of the material means of economic production. Socialism is both a political and an economic concept as a democratic society is necessary for its full realization and smooth functioning. In socialist society there is no possibility of deriving income from the ownership of production apparatus or goods, land, or capital (or what is broadly termed the exploitation of labor) since these are done away with entirely.

  

 See, if you got any of that, the whole definition is mind blowing. It says capitalism is a social system based on the principle of individual rights, but if we have learned anything from the past all that capitalism has done for individual rights is tried to crush them. Capitalism is a system for the greedy. For example, during the Reagan years and the Neo-Capital Reform, (fancy way of saying the working class gets dicked) wages of the working people went down while costs of living went up. If minimum wage grew how it should have it would be around $12.50 an hour. Right now it is at $5.15 an hour? What happened here? If you compare times, people are getting paid what they where in the 1970’s while (this is from a recent study) the average CEO salary is 10 million dollars a year. And capitalism is right? While people in the richest nation, and other nations, are starving, these gluttonists have it all. Fare? Well of course, that’s capitalism and the “free market”. They could also lose it all and have to get a job where they would have to do real work and not just creative thinking. And no one wants to see a poor CEO making minimum wage (the wage that they repressed their workers to have). How would they afford their 30 million-dollar mansion and the yacht?

  

 Capitalism has also had a negative impact on other aspects. For example, since everyone wants to make a billion dollars, it has effected different types of jobs. No one wants to be a teacher because they don’t make “good money”. Then the trickling effect begins. Lack of teachers = lack of education = uneducated youth = President Bush. So we end up having morons run the world. It doesn’t just effect teachers. No one cares about doing what’s right anymore. They just care about themselves and capitalism wins.

  

 I am one who doesn’t agree with capitalism. I would rather want everyone to be equal (have food, shelter, medicine, etc.) than to have people with nothing. We are all in this (life) together.

  

  

Chris