Capitalism: Good & Evil
Capitalism, socialism, communism, and fascism are the four economic systems that dominate civilization. Throughout history, humanity has witnessed the rise and fall of empires utilizing each economic system with the exception of capitalism. From Mussolini’s rein in Fascist Italy to Mao’s rein in communist China, and of course the Socialists in the Soviet Union. One after another these empires rose to power and one after the other, they fell miserably. With recent events, one has to wonder if we’re officially witnessing the long awaited long-awaitedfall of capitalism. With that presupposition, it’s only fair that we document the triumphs and failures of this system.
The United States has been heralded as the greatest empire ever created, with capitalism at its center. At its core, capitalism is centered around competition and the freedom of the market to innovate and create. However, like all the previous economic systems, it has one fatal flaw: people. Systems themselves are not inherently corrupt, it’s the human beings that operate within those systems that allow them to devolve. In fact, people are simultaneously the most significant assets and flaws of the capitalist system. To think, capitalism gave us virtually every technological marvel we hold dear today. The Internet, computers, phones, cars, airplanes, and trains, are just a few of the unpredictable creations the capitalist system has brought us.
On the other hand, capitalism to this day has been the root cause of pain that’s unimaginable to most people. For example, most people have no idea that all their technology is powered by cobalt-lined batteries gathered from the slavery of Congolese people. Not to mention the tumultuous history that this country has had with slavery and while slavery is not just unique to capitalism, it has supported the system in becoming what we know it as today. Peace!
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