Capitalism is an economic system based on the private ownership of assets where goods and services are produced and maintained for profit. Anyone that participates is a capitalist.
Before the advent of capitalism, social status was generally fixed from the beginning to the end of a person’s life, with very little by way to change it. Philosophy aside, our mission is to help our members compete and win in an world of increased competition at every level, thus becoming better capitalists.
The only way that has ever been discovered to have a lot of people cooperate together voluntarily is through the free market. And that’s why it’s so essential to preserving individual freedom. ~ Milton Friedman
Economist and social philosopher Ludwig von Mises showed that the base material of civilization is the division of labor. Without higher productivity made possible by the division of labor, the majority of mankind would simply die of starvation.
He showed that capitalism operates to the material self-interests of all, including the non-capitalists. In a capitalist society, privately owned means of production serve the market. The physical beneficiaries of the factories and mills are all who buy their products. And, together with the incentive of profit and loss and the freedom of competition that it implies, the existence of private ownership ensures an ever-growing supply of products for all.
We live in a time where many people point to socialism or socialist ideas without realizing these concepts can dangerously erode freedom and socio-economic progress. Therefore, they should not be left in the dark backdrop discussed by elites where the rhetoric is regurgitated by the masses based on the misrepresentation and lack of accurate thinking on the matter.
The successful functioning of today’s society depends on capitalism — that is, limited government and economic freedom, private ownership assets, exchange and money, saving and investment, economic inequality and economic competition, and the profit motive.
People tend to have a very polarized view of the system, or at least the word capitalism, while at the same time living, working, and prospering in a fairly free market society.