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Capitalism is an economic system in which capital goods are owned by private individuals or businesses.
The production of goods and services is based on supply and demand in the general market (market economy), rather than through central planning (planned economy or command economy).
The purest form of capitalism is free market or laissez-faire capitalism, in which private individuals are completely unrestrained in determining where to invest, what to produce or sell and at which prices to exchange goods and services, operating without checks or controls.
Voluntary trade is the mechanism that drives activity in a capitalist system. The owners of resources compete with one another over consumers, who in turn compete with other consumers over goods and services. All of this activity is built into the price system, which balances supply and demand to coordinate the distribution of resources.
The vote comes exactly two weeks after council members rejected a liquor license renewal for 5 Star Snacks and More, 437 Sullivan Ave., and a new license for the proposed NC Mini Mart, 1459 Ansborough Ave. Neighborhood opposition also was the determining factor in both of those cases.
A company that is in the planning phase of a major business attraction or expansion project that will include a capital investment in real and/or personal property may be eligible for a P.A. 198 Industrial Facilities Tax Exemption (tax abatement).
Government subsidies, tax breaks, and other assistance intended to support struggling markets or encourage certain business practices. According to a 2012 Cato study the U.S. government spends $100 billion on corporate welfare annually.
By contrast, the capitalist suffers losses when capital resources are not used efficiently and instead create less valuable outputs.
The Great Depression
The savings and loan bailout of 1989
The collapse of Bear Stearns, an investment bank and brokerage firm
American International Group (AIG), an insurance colossus with global reach
Freddie Mac and Fannie Mae, two government-backed mortgage lenders
The Fed balance sheet is a breakdown of the assets and liabilities held by the Federal Reserve. This report essentially outlines the factors that affect both the supply and the absorption of Federal Reserve funds. The Fed balance sheet report reveals the means the Fed uses to inject cash into the economy and is formally known as the Factors Affecting Reserve Balances Report.
Although efforts certainly helped ease bank's liquidity issues, critics contend QE was a giant drawback was the distortion of free market principles.
Time to stop repeating the American mythology of a free market and capitalism and face reality. We need to end the Fed and allow for state run currencies and centralized state banking systems that compete against one another in order to move closer towards the actual economic principles that work.
Stop facilitating this lie by spreading it's untruth and face the facts. Many of you will defend our system to the death in turn defending the Fed but I won't and you shouldn't either. If you are a true conservative or libertarian you need to demand a more fair system of capitalism.
originally posted by: Asktheanimals
It dawned on me in the 1970's that we were closer to corporatism (fascism) than free market capitalism. The amount of state and federal control over business is absolutely insane and has so stacked the cards against the small business owner as to make it an impossibility for your average entrepeneur. Before 1900 you could move to America from Europe and start selling apples from a cart with no license, no taxes, no permits of any kind. We have regulated ourselves to death.