Both Uses of
capitalism
in
Anne Frank, the Diary of a Young Girl
- I don't believe the war is simply the work of politicians and capitalists.†
Chpt 44-05 *
- An assassination attempt has been made on Hitler's life, and for once not by Jewish Communists or English capitalists, but by a German general who's not only a count, but young as well.†
Chpt 44-07
Definition:
-
(capitalism) an economic system based on voluntary exchange in a competitive environment with private ownership of property and businesses
(with the belief that voluntary exchanges harness inborn self-interest in millions of decisions that benefit society)editor's notes: Most proponents of capitalism advocate that government intervene to handle problems "pure" capitalism does not handle well such as monopoly, shared costs and benefits (such as pollution or national defense), provision of a safety-net for those who are unlucky, ...