Is capitalism the best economic system?

Niyi Briggs

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• #1

Capitalism is an economic system where productive ability rests solely in the hands of private individuals.

It might be the best because it causes competitiveness and causes innovation. Why it might not be that good is because it leads to exploitation.

What do you think?

 

Magnus2022

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• #2

Capitalism is the best man can be able to achieve in societal revolution. Communism is not easy because it restrict human ideologies and innovations. Capitalism gives every man opportunity to be rich once he applied the best of principles.

 

Knowledge Quest

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No, I don't think capitalism is the best economic system. I believe that a mix of economic systems is the best approach. A combination of capitalism, socialism and other economic systems can provide the most beneficial approach to economic stability and development.

 

riberet19

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Well, this is difficult to say, but it is the system that has achieved the highest economic growth so far.

 

flower

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In a country where the government failed in all its businesses, then it is better to practice capitalism.

 

uptrendfinancialsignal

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Capitalism could be the solution but it depends on the economic situation of the country at the present.

 

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• #7

Niyi Briggs said:

Capitalism is an economic system where productive ability rests solely in the hands of private individuals.

It might be the best because it causes competitiveness and causes innovation. Why it might not be that good is because it leads to exploitation.

What do you think?

Click to expand...

I think it is the best system that a country can have. It is very nice

Post automatically merged: Feb 11, 2023

Niyi Briggs said:

Capitalism is an economic system where productive ability rests solely in the hands of private individuals.

It might be the best because it causes competitiveness and causes innovation. Why it might not be that good is because it leads to exploitation.

What do you think?

Click to expand...

I think it is the best system that a country can have. It is very nice

 

Reedex

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• Mar 5, 2023

• #8

Capitalism may not be the best but I think it is necessary in some economy.

 

astutimeliana723

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• #9

The best economic system in my opinion is an economic system based on the principles of togetherness, mutual cooperation, and mutual reinforcement. The strong help the weak, the weak don't interfere with the strong, and so on.

 

IB D

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• #10

Capitalism is an economic system that emphassizes the winner takes it all phrase. On the positive side, capitalism is not too bad. It makes people to find ways to engage in business.

 

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Bisolami

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• #11

lens said:

Capitalism may not be the best but I think it is necessary in some economy.

Click to expand...

It is needed in some economy and it will surely be the best for some people.