Capitalism

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"Under any form of economic or political system, those at the top tend to become complacent, if not arrogant. Convincing them of anything is not easy, especially when it is some new way of doing things that is very different from what they are used to. The big advantage of a free market is that you don’t have to convince anybody of anything. You simply compete with them in the marketplace and let that be the test of what works best."[2]

Capitalism, or Economic Liberalism, is an economic system based on the private ownership of the means of production and their operation for profit. In a market economy, decision-making and investments are determined by owners of wealth, property, or ability to maneuver capital or production ability in capital and financial markets—whereas prices and the distribution of goods and services are mainly determined by competition in goods and services markets.

Capitalism is defined by many different ideologies in many different ways. By Liberals and Right-Libertarians it's usually defined as a free enterprise system with private property rights, by Marxists it's usually defined as a system where the bourgeoisie exploit the proletariat and by Left-Wing Market Anarchists it's usually defined as a system of corrupt markets.

Capitalism fundamentally needs 5 institutions to function:

  1. Private Property
  2. Free Exchange
  3. Competition
  4. Division of Labor
  5. Social Co-operation

Other ingredients necessary for the development of Capitalism are:

  1. Contractual freedom.
  2. Constitutional (limited) government.
  3. Free financial markets and access to capital.
  4. Ease of starting and managing a business.
  5. A good and efficient law system.

The meaning of capital is also often misunderstood, since it's not only money but everything necessary for the production of consumer goods: Workers, capacitation of the workers, machines, raw materials, the workplace itself, financial capital (The money that finances those capital goods), etc...

Capitalism can fall under any cultural and civic positions, but as an economic system, it's usually regarded as right-wing where there is private ownership of the means of production and it's operation for profit. (although some ideologies that can arguably be considered capitalist can also be considered economically centrist or center-left, such as Social Democracy).

History

The expression "capitalist", which means a proprietor of capital, shows up sooner than the expression "private enterprise" and dates to the mid-seventeenth century. "Private enterprise" is determined from capital, which developed from capitale, a late Latin word based on caput, signifying "head"— which is likewise the cause of "property" and "cows" in the feeling of versatile property (just a lot later to allude just to livestock). Capital emerged in the thirteenth to fourteenth centuries to allude to reserves, load of product, total of cash or cash conveying interest.

By 1283, it was utilized in the feeling of the capital resources of an exchanging firm and was regularly traded with different words—riches, cash, reserves, merchandise, resources, property, etc...

According to the Oxford English Dictionary (OED), the term "capitalism" first appeared in English in 1854 in the novel, "The Newcomes" by William Makepeace Thackeray, where he meant "having ownership of capital". Also according to the OED, Carl Adolph Douai, a German American socialist and abolitionist, used the phrase "private capitalism" in 1863.

Variants

Laissez-Faire Capitalism/Unbridled Capitalism

Laissez-faire capitalism is a form of capitalism where the government doesn't intervene in the economy whatsoever. A laissez-faire economy is one based on a free market, without any regulation on trade, business or working conditions. Laissez-faire capitalists also reject welfare, and believe in little (or even no) taxation. Laissez-faire capitalism can be justified either by arguing that such a system is the most efficient due to auto-regulation of the market, or that such a system is based on freedom, and therefore is the only ethical system. Laissez-faire capitalism is usually associated with libertarian ideologies such as Libertarianism, Minarchism, Austrian Libertarianism and Anarcho-Capitalism, but it can also be supported by civically neutral, or even authoritarian ideologies.

Regulated Capitalism

Regulated Capitalism is a system where the government intervenes in the economy in order to maximize efficiency, and/or to protect workers and consumers. All existing capitalist societies follow this form of capitalism, even the ones with most economic freedom. Economic regulations can range from worker protections (such as workplace safety laws, minimum wages, laws that protect unions, etc), to environmental regulations that penalize businesses that harm the environment, to government intervention to help the economy during times of crisis. Some of the most basic (in a modern economic sense) forms of regulation include: a central bank with varying degrees of independence (to control the supply of money to make it easy and cheap to borrow to stimulate growth, but also to manually intervene to reduce inflation) some kind of zoning/licensing laws, (although many people today want more relaxed laws), and protective or revenue-focused tariffs are other examples of generally liked regulations, where the government puts a tax on imported goods, either to try to keep jobs in the country, to raise revenue to fund expenditure, or to protect the local industry. Tariffs have been criticized in the past for being rather corrupt as national large businesses were infamous in the gilded age for bribing and lobbying politicians to raise tariffs on their goods to prevent foreign competitors from challenging them, tariffs have also been criticized for increasing the price of consumer goods to consumers and driving up poverty in the third world as it deprives businesses of cheap, plentiful labour which forces up costs and prices. in Some ideologies support minimal regulation to stimulate economic growth, such as Ordo-Liberalism and Neoliberalism, while some support quite a lot of regulation to protect the consumer, such as Social Democracy. The Keynesian school of economics is a popular economic school that promotes regulated capitalism.

Welfare Capitalism

Welfare Capitalism is a form of Capitalism that promotes the existence of a welfare state, that is, the promotion of the creation of various government owned/ran enterprises that provide different services, such as public education, public healthcare, public housing, etc... This form of capitalism is also present in smaller or bigger proportions, on most modern societies. This system doesn't focus as much on regulation as a way to help the poorer citizens, but the providence of certain universally-needed services, so some modern societies that have large welfare systems, such as Denmark, dispose of certain regulations such as minimum wage or layoff payment.

State Capitalism

State Capitalism is an economic system that focuses on the role of government on (for-profit) economic activity. It promotes the existence of various state-owned and state-ran enterprises, but in a different way than Welfare Capitalism. While Welfare Capitalism believes the state's role on the economy is to provide essential services, without much interference on the other sectors of the economy, State Capitalism believes the state should take a fundamental role on commercial activities, both owning a big portion of the economy and highly regulating the private portion of it; although, there is some overlapping between some societies that have in place a Welfarist Capitalist system and ones that have a State Capitalist system, such as Norway, for example. It counts with two primary wings. One that wants an economy where public and private enterprises co-exist, while the other wants a society where private enterprise is banned and the state has a monopoly on production.

Personality and Behavior

Capitalism is obsessed with money and is portrayed as wealthy and owning several businesses. He is extremely anti-taxation (unless that tax is used to help bail out his company), anti-public property, and pro-private ownership of capital. Capitalism is often portrayed with the personality and mannerisms of the character Mr. Krabs from Spongebob Squarepants.

How to Draw

Flag of Capitalism
  1. Draw a ball,
  2. Color the ball yellow,
  3. Add an acid green dollar sign in it's middle,
  4. Draw in the two eyes,
  5. Give the ball a black top hat with a red stripe, and a golden monocle,

You're done.

Color Name HEX RGB
Yellow #ffcc00 255, 204, 0
Dark Green #008000 0, 128, 0
Black #141414 20, 20, 20
Red #E10600 225, 6, 0
Gold #D1A803 209, 168, 3


Relationships

Business Partners

Mixed

  • Corporatism - I don't like him, but you know, money is money... Also could you like not to say that the banks are controlled by the Jews or something.
  • Agorism - Helps me to infiltrate red countries. Doesn't like me for some reason.
  • Mercantilism - You're my predecessor, but I wish you were more pro-free trade, though.
  • Capitalist Communism - Look son, 50% of the time you're right. The other 50% of the time you’re wrong.
  • Regulationism - My little friend who thinks markets need regulations... what? hmm..well Adam Smith thinks you are necessary
  • Social Capitalism - Another son of mine but... why do you support this welfare shit thing? Oh lord. Please remove the "social" part of your name, but good job in Germany.
  • Social Democracy - He is somewhat capitalistic but he supports this "labor rights" shit. Then again, he might've saved my life in the Interwar period. I also liked how you crushed those commies in Germany.
  • Corporatocracy - Congratulations on taking over the world but why lobbying and monopoly?
  • Technocracy - If you really detest me that much, why haven't I seen you reject my investment? Oh right, you need that, maybe you should remember that too.
  • State Capitalism - I always feel bad having deals with him, but pecunia non olet.
  • Dengism - State Capitalism in practice but in red.
  • Kleptocracy - I can't believe someone greedier than me exists but hey, beggars can't be choosers.
  • Monarchism - I don't like him either with this Monarchy thing, but he is rich.
  • Athenian Democracy - Why does one of the only non-capitalists who realizes that I don't support slavery have to mean that in a negative way!? Also slavery is wrong both morally and economically. Ignore the fact that I support sweatshops and wage slavery.
  • National Capitalism - Good economics son, but racism and statism are bad for business.
  • Paternalistic Conservatism - He is somewhat capitalistic but he supports this "social welfare" shit. Sorry bro, companies have the freedom to do as they please without taxes being thrusted against their throats to pay for the services of others.
  • Traditionalism - You should stop focusing so much on your "traditions" and instead start consuming my products. Culture isn't worth anything as long as you can't make a profit off of it.But at least we're both rightist.
  • Reactionary Liberalism - A pro-capitalist reactionary? Alright...
  • Fascism - Thinks I'm a degenerate or whatever, but did a damn good job at crushing those commies (even though he was created by a former commie, so it's best to be wary). But he nationalized many industries and was second behind the USSR, which is why I am skeptical about him.
  • Nazism - Again, goes off about how I'm a degenerate or whatever, but certainly not a bad business partner by any means... One big negative factor in my own opinion of you is that your defeat in World War 2 made Eastern Europe a communist heartland for several decades.
  • Guevarism - He wants to kill me, but I do get rich off of selling his face on posters and t-shirts...
  • Landian Accelerationism - Capital uses people to create metal body for itself? That's something only a Marxist would compose... You also support me?!
  • Avaritionism - Look, I can meet your demand for money and killing, just hop in any PMC or sign an army contract, but you absolutely cannot rob or kill people here, I can't work without civil rights.
  • Social Darwinism -Same as above. And you are my extreme type.
  • Christian Theocracy - He makes me A LOT of money but try buying a car with "grace" and "virtue". Nihilist capitalism is redundant then.

Slowpowkers

  • Socialism - Lazy janitor. Why don't you want to work?! Back in the factory, now! I knew I shouldn't have gone over to his New Year's Party, otherwise we wouldn't have had him.
  • Syndicalism & Anarcho-Syndicalism - STOP IT WITH THE DAMNED UNIONS!
  • Feudalism - The only right-winger I completely hate. You had your day, now it's our turn.
  • Anarcho-Communism - Yeah, nice try.
  • State Socialism - You will never solve the ECP.
  • Marxism–Leninism - You're nothing but a failure. Yet for some reason you're popular with college kids.
  • Stalinism - Your mass starvations were proof that collectivization doesn't work.
  • Conservative Socialism - Stop saying that capitalism destroys culture.
  • Religious Socialism -Capitalism is godless? What bullshit
  • Reactionary Socialism - Quit rebranding yourselves as a filthy red!
  • National Syndicalism - You're just corporatism but farther left.
  • Anarcho-Primitivism - He wants to destroy me in favor of a hunter-gatherer society... what the fuck?
  • Leninism - I sold him a rope and now he's trying to hang me with it...
  • Post-Leftism - What do you mean you're against work? How else will me and my workers make me money? Gamefication of work is based tho.
  • Anarcho-Egoism - He doesn't respect property rights... At least he's not a commie-
  • Ego-Communism - OH COME ON!!
  • Communalism - Wants to steal my private property and redistribute my items. Also literally Communism without its mask.
  • Posadism - Psycho who wants to nuke me out of existence.
  • Bio-Posadism - We will not shut down the economy because of you!
  • Jacobinism - Proto-Marxist socialist. Gironda was better than you.
  • African Socialism - And you wonder why Africa is poor.
  • Strasserism - I was willing to work with him, but this is too much. Who am I lying? My friend traded even with him
  • Marxism - A utopian hobo who created his own cancerous anti-economic version of socialism. Also, what is dialectical materialism other than a religion made into a political ideology? Adam Smith is better than you.
    • - Without me this page wouldn’t exist. I popularized the term “capitalism” as a critique of the existing economic order.[3]
    • - Terms capitalism and bourgeoisie existed long before you, you just introduced it as a abusive label.
  • Marxist Feminism - You call yourself a feminist, yet you want to steal the rich female CEOs' property. Curious.
  • Anarcha-Feminism - Same as above but anarchist.
  • Utopian Socialism - You're better than the tankies, but that's not saying much.
  • Austromarxism - Stupid Austrian commie! I like and prefer Austrian School not you!
  • Pol Potism - Hands off my monocle, stupid commie maniac!
  • Illegalism - Stop trying to rob me and squatting my property you Moron! But you can rob these unions though.
  • Soulism - You can have everything you want in your lucid dreams? Well, good luck with hunger and thirst then - because you still a material being made of flesh, which means that your dreams only satisfy your consciousness, but not your material body. You remind me that foolish sleepy girl from anime named Nemurine, and I think that you repeating her tragic faith. Wait, how you materialized so much food by just listening something in headphones?

Further Information

Wikipedia

Literature

Critiques

Videos

Gallery

Comics

Portraits and Artwork

Alternative designs

Notes

  1. ↑ "What is my first conclusion coming from this movie? This fat capitalist is an absolute GigaChad. Casually juggles with atom bombs without fear, ridicules children, because they're communists, destroys the Stalinist dictatorship's posters and exposes their true nature, hurls money, since he has lots of it, offers alcohol to random people (arguably strong one, as he can afford it) and plays with random kids out of his own will."
  2. ↑ James Watt was a known member of the freemason's.

Citations

  1. ↑ [1], Youtube.com.
  2. ↑ Basic Economics
  3. ↑ https://www.forbes.com/sites/alejandrochafuen/2013/05/01/the-sad-decline-of-the-word-capitalism/?sh=6e245f67a712

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