The capitalist system is the free market economics, while the socialist system is the concentration of capitalism in the hands of the state, and both systems are dangerous to the citizen if not guaranteeing the decent life of this citizen. The achievement of the appropriate mixture of both systems in developing countries, provided that the conscience of the deterrent in any form, religious or control bodies or consumer service bodies with appropriate authorities to respond to the right of the consumer to protect him from the monument and the right to experiment and replace and humanity and preservation of Money, time and health.
It is a decorated economic policy yet corrupted in implementation by bad interpreters!
Capitalism and free markets are the most effective to encourage cooperation among complete strangers, wildly enriching humanity.
Since the misty depths of time, people essentially didn’t trade, at least not enough to matter. Starting about 400 years ago, capitalism and free trade started becoming practical and widely adopted (at least in western Europe). The result was a flourishing and more material prosperity than has ever been seen.
Today the proportion of desperately poor people is the lowest it’s ever been in the history of mankind, dropping from ~30% to ~10% in the last 40 years. I believe capitalism and free trade are the unsung heroes which brought about this delightful outcome.
The strongest and most innovative economies in the world are capitalist.
Farid, Beemnet and Karthik have offered the best of explanations to capitalism.
A capitalist market system can be humanized by economic democracy, e.g. American economist Henry George already made important contributions by his works on: Progress and Poverty (PDF attached), which have to be updated.
Money begets Money ,Money is what Money does & capitalism offer every person his total independence to control his capital & money power & for any business man , Business & industrial organization due to his freedom are carrying out their activities independently without any disturbance for his progress his activities & indirectly in their social fabrics .
With this I do not wish to touch any negative elements of capitalism it becomes the topic of discussion which I want to avoid it .
This is my personal opinion
I shall follow Dr Issam . Capitalism has many aspects leading to destruction of economy too.
When viewing the alternatives, at present capitalism is best, if deeply flawed. Compared to communism, feudalism, it presents chances for change and betterment. I don't like it, but it provides freedom-which I prize.
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