Denver Business Daily

What is pure capitalism and is it good for everybody?

I want to know what is pure capitalism and if it benefits everyone in a pure capitalist society. Thanks in advance.

Public Comments

1. Pure Capitalism never existed. Laze faire you mean? Few people control the wealth and exploit the ones below them? Sure why not? American conservatives love capitalism. Exploit me! Exploit me
2. capitalism is only good for 1% of the world population and most of them inherited their fortune from family which slaved whole world..
3. It is the best at providing the chance to succeed but in a world of finite resources obviously everyone is not going to benefit equally.
4. Pure capitalism is mercantilism. After the French Revolution, many merchants had people doing hard labor in sweat shops working in dangerous places for long hours. That's what it was like during the Industrial Revolution and during the Gilded Age. This is what precipitated Karl Marx to write the Communist Manifesto and spark the Marxist revolution. He saw how the business owners were receiving all the benefits while the factory workers were paid next to nothing. In today's terminology, pure capitalism would be referred to as "sweatshop labor." Sure it's good for the business and the consumers, but not so good for the workers.
5. Pure capitalism is social Darwinism. Huge profits for the privileged few at the expense of death, misery and poverty for the masses. definitely not good at all http://answers.yahoo.com/question/index;_ylt=AjgwD.g2fVpjg_m46IBxUnPty6IX;_ylv=3?qid=20090323133542AAGwpIm Capitalist apologists now say capitalism didn't fail but instead government intervention is the reason it got nowhere. That claim is absurd. Without the bourgosie government and its intervention including the central bank there would be no free makret to begin with. They preach a gospel of utopian capitalism that never was and never will be unless you accept purely capitalist solutions such as child labor and slavery as well. Both those practices are illegal because of government restrictions on the market
6. Wouldn't the regions of Africa that are being exploited for their natural resources be examples of pure capitalism? No government regulation of any kind, wealth concentrated in the hands of the few, and truly survival of the fittest.