As America backs off from the once embraced Capitalism, others have stepped up to take our place. “It seems that many nations in the developing world have themselves been investing in R&D and education and are now driving their own periods of economic expansion, resulting in increasingly knowledgeable work forces that can compete for jobs that were once limited to the United States and the developed world” (The Capitalist Business Model).  The website continued: our past “national strategy of competitiveness…promoting R&D across all sectors of the economy” (The Capitalist Business Model) had served us well in the nineteen eighties and nineties. Arguing Capitalistic business strategies, “[created] over 35 million new jobs, spawned an entirely new information technology sector, produced the longest period of economic expansion in its history, and spread a higher standard of living throughout much of the world” (The Capitalist Business Model).  As taxes and regulation on businesses increase the number of competitors in each industry will decrease. That competition is was keeps prices low and businesses innovative and efficient. Competition keeping businesses productive might seem trivial but, “Productivity is important because the higher it is, the lower the prices, the greater the output, the higher the return on capital, the higher the wages, and the greater the chance a business has of surviving” (Penn), therefore it’s imperative to you that productivity is imperative to them. Capitalism is obviously beneficial to people from a consumer standpoint: forcing companies to compete against each other: lowering prices, working convenient hours and all around catering to your consumer wants and needs.

“”The Capitalist Business Model – Efficiency and Innovation”” KLM, Inc. Management Consultation. Web. 3 Mar. 2010. <http://www.klminc.com/strategic_thinking/cap-biz-model.html&gt;.

Penn, Mary S. “How Productivity Benefits from Competition.” Chicago Booth News. The University of Chicago Booth School of Business, 3 Mar. 2010. Web. 27 Mar. 2010.

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