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The implementation of capitalism in the modern world has been successful

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The implementation of capitalism in the modern world has been successful
Subjects
Capitalism
Economics
History
Linking arguments
Capitalism is exploitative
Capitalism leads inevitably to state intervention
The large companies that dominate the agricultural industry are harmful



Note: This argument is, in effect, an argument over what capitalism means and whether it should be defined by its theory or application.

Supporting arguments

Capitalism is the most beneficial economic arrangement known, and has produced a higher quality of life for more people than any other economic system could. The more capitalist a country is, the more successful. [1]

Capitalism has been successful because governments have regulated it and provided benefits to some of the population. States that practice social welfare do better than states that do not. [2]

Capitalism itself has been successful. The negative features of society that many assume to be caused by capitalism are, in fact, caused by the deviations from capitalist ideals that remain. [3]

Capitalism does not have to be implemented perfectly. Despite some problems, capitalism has, on the whole, been successful at allowing the world to thrive. [4]

Opposing arguments

As it has been practiced over the last few decades, capitalism is a system whereby the elite exploit the poor and powerless masses by colluding with allies in governments. It is a destructive and unsustainable system. [5]

One characteristic feature of modern capitalist countries is the existence of state interventionism on behalf of the wealthy and elite. This is contrary to a healthy economic system. [6]

Modern capitalist states routinely intervene on behalf of businesses, which effectively constitutes a large subsidy that largely accrues to the wealthy and elite. [7]

Notes

  1. Larry
  2. Jeffrey D. Sachs
  3. Larry
  4. J. Kenyon
  5. afaq
  6. afaq
  7. afaq
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