The Fundamental Concept of the Individual Wednesday, Feb 17 2010 

The first form of “capitalism” developed along trade routes in the Middle East and in Rome. This form of Capitalism is often refereed to as Mercantilism: buying or making a good and selling  it at a price that yields a profit. “Capitalism as a way of thinking is fundamentally individualistic…the individual is the center of capitalist endeavor…that society is composed of individuals who pursue their own interests, that individuals should be free to pursue their own interests (this, in capitalism, is called “economic freedom”  This Concept of individual incentive has proved successful historically in american culture. The Belief define capitalism states “individuals pursuing their own interests will guarantee the interests of society as a whole.”   Economic Historian, Richard Hooker points out the materialism that a capitalist culture depends on, “In non-capitalist societies, such as tribal societies, people have real social relations to the producers of the goods they consume. But when people no longer have social relations with others who make the objects they consume, that means that the only relation they have is with the object itself. So part of capitalism as a way of thinking is that people become “consumers,” that is, they define themselves by the objects they purchase rather than the objects they produce.” Its certainly evident we live in a culture focused on the individual, a Materialistic culture, a capitalistic culture, the question is, ” is there a better alternative?”

http://www.wsu.edu/~dee/GLOSSARY/CAPITAL.HTM

The Case for Capitalism Friday, Feb 12 2010 

In the closing of my senior year at PHS I intend to research and present, “The Case for Capitalism.” Capitalism has been under attack recently from sources from Micheal Moore to the film Avatar. Both Michael Moore and the folks behind Avatar have made out like bandits with the funds accrued from their jabs at American capitalism. I am very interested in the economics of the free market and plan to major in Marketing Management. I intend to find answers to the questions concerning the economic system in which our country operates, and present them in an intelligent manner.

What is Capitalism Tuesday, Feb 9 2010 

From an Economic standpoint capitalism is,

“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.” (Source: Dictionary.com) From a social standpoint capitalsim is defined as,  “A social system based on the principle of individual rights.”(Source: Capitalism.org) Capitalism is both social and ecoconimic and without the social definition of capitalism a country cannot successfully practice the economic definition of capitalism. Capitalism can only exist with individual property rights. Under a capitalistic economy price is derived from supply and demand. A good costs whatever a seller and a buyer agree upon. This is contrary to communist and socialist systems where the government can determine the pricing of goods or services. A capitalistic economy defends the rights of the individual, making it different than any other economic system. Capitalism is not only an economic system but a moral system. “Capitalism should be defended vigorously on a moral basis, not an economic or utilitarian basis.”

http://www.importanceofphilosophy.com/Politics_Capitalism.html

America Backing Off Friday, Jan 22 2010 

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.

Chavez on Capitalism Tuesday, Jan 12 2010 

Venezuelan President Hugo Chavez, one of the world’s most vocal opponents of capitalism, delivered some absolute gems in anti Capitalism sentiment last month. Chavez is quoted as saying, “Socialism, the other ghost that is probably wandering around this room, that’s the way to save the planet, capitalism is the road to hell.”  When delivering a speech in Copenhagen, Denmark Chavez said,“Seven percent of the world population – some 500 million people – are responsible for half of contaminating emissions. Capitalism is to blame for this..let’s fight against capitalism and make it obey us.” Chavez provided no evidence of any kind to back up his claims. It’s obvious that some feel capitalism leads to pollution and an inferior to the second most popular economic system socialism.

http://blog.heritage.org/2009/12/17/chavez-on-climate-change-blame-capitalism/