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Capitalism = effective (Disadvantages/cons (Requires government policies…

- - - - Maximize profit
  - - - Competition between owners
    - - Law of demand
        
        Prices and production are dictated by corporations
      - Protected by the government
        
        Maintain order and infrastructure
      - Free market dominates
    - - Fair prices
  - - - Trade with foreign countries
        
        Dictate overall production and pricing of goods
      - Death of feudalism
        
        Hierarchical system
        
        Kept poor people bonded
      - 18th century
        
        Industrial revolution
        
        Capitalism fully flourishes
        
        Adam Smith
  - - - Make increased profit
  - - - Boss: makes sense
        
        Improves everyone's standard of living
        
        Inequality
        
        "Greed is good"
        
        Sharing is difficult
      - "Antis: exploitative and leads to a brutally devided society
- - - - "Dog eats dog" atmosphere encourages
- - - - Many have different components
      - Free market gets protected
      - Promote the general wellfare
  - - - Equality in the control
    - - Government spending programs
    - - People's wellfare over profit
  - - - Requires business owners to put national interests first
      - Companies must follow the central planners' orders
- - - - Taught wrong
        
        Capitalism: cooperation i.o. competition
  - - - Zero-sum environment
        
        Erroneous zero-sum thinking is at the heart of the problem & is most evident in political dialogues
        
        Needs somewhat of variety in people
    - - Opportunities for improving everyone’s wellbeing
  - - - No zero-sum, but cooperating (win-win)