What Capitalism Needs Review

If you’ve spent any time around me, you know I’m a big fan of capitalism. I feel like capitalism is the most important thing this planet has ever seen, in terms of how it has improved the lives of those who participate in it. In this blog post, I’ll cover some ideas from the book What Capitalism Needs by Edmund Phelps.

Capitalism has made the world rich.

Capitalism has created more wealth than any other system. It has made the world a better place. Capitalism is the only system that has made people rich and created jobs for them, it is not just the best system but also the only way to make everyone wealthy and create jobs.

Government should butt out of business.

In a capitalist system, the government should not be involved in business. The government and its regulatory agencies should never be allowed to intervene or interfere with any economic activity. This is because all businesses are private enterprises and should be free to make their own decisions about how they want to operate their business. As long as these companies obey the law and don’t violate any regulations, then there is no need for the government to get involved in the economy at all.

Unregulated capitalism allows private entrepreneurs to create jobs and prosperity by providing goods or services that people want or need at prices they can afford (see below). If a company fails, it’s up to them to figure out what went wrong so they can fix it; not some government bureaucrat who doesn’t know anything about running a business!

If we’re talking about taxes on profits generated by an enterprise: taxes may be necessary but must never exceed whatever level needed for society’s basic needs like infrastructure maintenance/improvement—and even this amount must be reduced whenever possible; otherwise you’ve got yourself another monopoly situation where some people benefit at everyone else’s expense

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The problem with government health care is that it gives people incentives to be lazy.

One of the most obvious consequences of government health care is that people will have less incentive to work hard. Why would they? The government already provides for their basic needs and their health care, so there’s no need for them to save up for retirement or take on additional jobs in order to earn more money. In fact, if you look at what happens when people are given free things like food stamps and housing vouchers (both types of government assistance), it’s clear that these programs discourage many people from getting jobs and becoming self-sufficient.

The problem with this line of thinking is that it assumes government health care will be provided indefinitely—and if history tells us anything about governments, it’s that they never want their citizens to become self-sufficient. Once a person becomes accustomed to receiving generous benefits from the state without having to do anything in return (such as working hard), he or she has little incentive not only to stay on those programs but also vote against politicians who want them eliminated or reformed in any meaningful way.

Business creates jobs for everyone, so without business there would be no jobs.

Businesses create jobs for everyone, so without business there would be no jobs.

Businesses create jobs that are available to people of all ages, backgrounds, genders and races.

This is why we need to stand up to capitalism and protect businesses from the government regulations that are threatening them with extinction.

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Education isn’t a right, but it should be provided for the good of society.

Education is a good thing, and it should be provided for the good of society. As a society, we need to provide education to everyone. The individual benefits are immense—people with degrees earn an average $1 million more over their lifetime than those without them—but there are other benefits as well. Individuals with education tend to be healthier and happier than those who don’t have it; they’re more likely to vote and volunteer in their communities; they’re less likely to commit crimes or become addicted to drugs; they’re less likely to get divorced; they live longer lives; and their children do better academically at school.

Relatively few people become rich, but that’s not a bad thing.

The rich are the ones who create jobs. The poor consume, and the rich do both. While it’s true that relatively few people become “rich” in the traditional sense, this is not a bad thing. First of all, they create most of the jobs and wealth in our economy by investing in companies, paying employees more than they need to keep them happy (so they can buy things), and creating demand for goods and services through their spending habits. In other words, without rich people there would be no reason for anyone else to work—and without them around we wouldn’t have much money either!

The best way to make the poor richer is to make the rich richer.

When you think about it, the best way to help the poor is by helping the rich. Why? Because when a person becomes wealthy, they can then invest more money into the economy and create more jobs. In turn, these jobs will pay people who are not as wealthy, who in turn can use their income to buy things that keep businesses going or invest in them themselves.

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That’s why capitalism works so well—it’s an upward spiral where everyone benefits. The problem with socialism is that only one group benefits: those at the top of society who have access to all of society’s resources (land and capital). Everyone else suffers because they have less money than those with access to land and capital; therefore they cannot invest as much into businesses therefore creating fewer jobs which ultimately leads down a path towards poverty for everyone except for those who own everything!

This is an interesting book and I recommend reading it if you have time!

This is a good book. I recommend reading it if you have time!

It’s not just me; other people think this book is good, too. It’s got amazing reviews on Amazon and Goodreads, so you know the author knows what they’re talking about. This book has been translated into multiple languages and has sold millions of copies worldwide! It’s also been adapted into film (with Cate Blanchett in the lead role), which speaks to its popularity in different cultures around the world. So if you want to learn about how capitalism works from an expert who really knows their stuff, check out this book!


This is a great book, I recommend it to anyone interested in learning more about capitalism and its impact on society!

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