Capitalism Essay -- essays research papers

By definition, capitalist economy is an economic establishment controlled chiefly by individuals and closed-door companies instead of by the government. In this system, individuals and companies admit and direct most of the resources used to produce goods and services, including land and different congenital resources labor, and capital. Capital includes factories and equipment and some metres the money used in businesses (Friedman, 5).Capitalism stresses private economic decisions. People ar free to decide how they give earn and spend their income. Companies may choose which goods and services to produce and how oft to charge for them. They also compete with one anformer(a) to sell products. Nations whose economies are based on capitalism include the United States, Germany, Canada, and Japan.Although a private individual or group of individuals may control their income and a double section of an economy, the government can control some aspects of the economy in every nati on. Capitalism is some times called Free enterprise, despite its limits launch by the government. Many organizations and businesses flourish from the existence of capitalism. Non-profit organizations prosper from capitalism much(prenominal) as The Roman Catholic Church.As one of the largest and most greens religions in the world, the Roman Catholic faith is sustained through capitalism, for it is a capitalist organization. It can be considered a Capitalist organization in the fact that income is freely given in return for nonhing. Ones religion can definitely influence their economic decisions, lifestyle and hearty status. The Roman Catholic Church believes that capitalism can become a type of injustice. For example, some people in capitalist nations can give way many luxuries. But at the same time, others lack adequate food, housing, and other needs. This unequal distribution of wealth results largely from capitalisms stress on individuality. The Catholic Church cites exampl es of inequality as incorrect. However, the church and other religious denominations thrive from others prosperity and income. Capitalism is a definite neighborly justice issue. One reason why people do not necessarily feel obligated to help others less fortunate than him or herself is because the economy focuses on individualism, which leads to greed and hoarding. Another reason why capitalism is a social justice issue is that it deprives certain... ...ject to all kinds of taxation and regulation. nowadays in our society, we need governments permission to drive, to work, to open and to run a business, and notwithstanding to own and hold property. The government is no longer our servant it became our master. The government, in one case established to ban the use of force among men, now is the greatest assaulter of all. In the name of helping the needy, it assaults the productive and strips them of their rights and property. But if productive Americans beat no rights then no Ame rican has them either. America, born as a free country, has been transfigured into a welfare state, where the needs of some became a waste check on the fortunes of others (Tate, 44,45).But we are still in time to regain our rights if only we understand better their meaning, their value and their power. If Americans are to be the free again, and America is to remain the greatest nation on Earth, we must(prenominal) hold sacred our individual rights to "Life, Liberty and the Pursuit of Happiness."America was founded on the noblest of ideals the right of every individual to his life. America will only have it away as long as its ideals live in our hearts and in our minds (kronen, 102).