Update! See cliff-notes and 2 minute video below.
I know some of you will not understand this principle or even choose to read the small copy and paste below, but for the love of baby Jesus, please support at least one thing that America promotes and was founded on, Capitalism. It only takes 60 seconds or so.
Capitalism is an economic system in which trade, industry and the means of production are controlled by private owners with the goal of making profits in a market economy. Central characteristics of capitalism include capital accumulation, competitive markets and wage labor. In a capitalist economy, the parties to a transaction typically determine the prices at which assets, goods, and services are exchanged.
The degree of competition, role of intervention and regulation, and scope of public ownership varies across different models of capitalism. Economists, political economists, and historians have taken different perspectives in their analysis of capitalism and recognized various forms of it in practice. These include laissez-faire capitalism, welfare capitalism and state capitalism; each highlighting varying degrees of dependency on markets, public ownership, and inclusion of social policies. The extent to which different markets are free, as well as the rules defining private property, is a matter of politics and policy. Many states have what are termed capitalist mixed economies, referring to a mix between planned and market-driven elements. Crony capitalism, is a state of affairs in which insider corruption, nepotism and cartels dominate the system. In Marxian economics this is considered to be the normal state of mature capitalism, while in anarcho-capitalist theory it is considered a political distortion of capital and markets.
Capitalism has existed under many forms of government, in many different times, places, and cultures. Following the demise of feudalism, capitalism became the dominant economic system in the Western world. Later, in the 20th century, capitalism overcame a challenge by centrally-planned economies and is now the dominant system worldwide, with the mixed economy being its dominant form in the industrialized Western world.
Different economic perspectives emphasize specific elements of capitalism in their preferred definition. Laissez-faire and liberal economists emphasize the degree to which government does not have control over markets and the importance of property rights. Neoclassical and Keynesian macro-economists emphasize the need for government regulation to prevent monopolies and to soften the effects of the boom and bust cycle. Marxian economists emphasize the role of capital accumulation, exploitation and wage labour. Most political economists emphasize private property as well, in addition to power relations, wage labour, class, and the uniqueness of capitalism as a historical formation.
Proponents of capitalism argue that it creates more prosperity than any other economic system, and that its benefits are mainly to the ordinary person. Critics of capitalism variously associate it with economic instability and an inability to provide for the well-being of all people. In contrast to both perspectives, socialists maintain that capitalism is superior to all previously existing economic systems (such as feudalism or slavery) but that the contradiction between class interests will only be resolved by advancing into a completely social system of production and distribution in which all persons have an equal relationship to the means of production.
The term capitalism, in its modern sense, is often attributed to Karl Marx. In his magnum opus Capital, Marx wrote of the "capitalist mode of production" using a method of understanding today known as Marxism. However, while Marx rarely used the term "capitalism", it was used twice in the more political interpretations of his work, primarily authored by his collaborator Friedrich Engels. In the 20th century defenders of the capitalist system often replaced the term capitalism with phrases such as free enterprise and private enterprise and replaced capitalist with rentier and investor in reaction to the negative connotations associated with capitalism.
source: http://en.wikipedia.org/wiki/Capitalism
Update!
Constitution Hour's Cliffnote's (for those challenged by comprehension)
Video, thanks to Constitution Hour.
I know some of you will not understand this principle or even choose to read the small copy and paste below, but for the love of baby Jesus, please support at least one thing that America promotes and was founded on, Capitalism. It only takes 60 seconds or so.
[*]If Walmart didn't profit, you couldn't make french toast when WSB calls for flurries.
[*]If Home Depot didn't capitalize, you wouldn't be able to make the proper repair when the water heater falls through the floor of your trailer.
[*]If McDonalds didn't flip, half of you would be skinny.
Capitalism is an economic system in which trade, industry and the means of production are controlled by private owners with the goal of making profits in a market economy. Central characteristics of capitalism include capital accumulation, competitive markets and wage labor. In a capitalist economy, the parties to a transaction typically determine the prices at which assets, goods, and services are exchanged.
The degree of competition, role of intervention and regulation, and scope of public ownership varies across different models of capitalism. Economists, political economists, and historians have taken different perspectives in their analysis of capitalism and recognized various forms of it in practice. These include laissez-faire capitalism, welfare capitalism and state capitalism; each highlighting varying degrees of dependency on markets, public ownership, and inclusion of social policies. The extent to which different markets are free, as well as the rules defining private property, is a matter of politics and policy. Many states have what are termed capitalist mixed economies, referring to a mix between planned and market-driven elements. Crony capitalism, is a state of affairs in which insider corruption, nepotism and cartels dominate the system. In Marxian economics this is considered to be the normal state of mature capitalism, while in anarcho-capitalist theory it is considered a political distortion of capital and markets.
Capitalism has existed under many forms of government, in many different times, places, and cultures. Following the demise of feudalism, capitalism became the dominant economic system in the Western world. Later, in the 20th century, capitalism overcame a challenge by centrally-planned economies and is now the dominant system worldwide, with the mixed economy being its dominant form in the industrialized Western world.
Different economic perspectives emphasize specific elements of capitalism in their preferred definition. Laissez-faire and liberal economists emphasize the degree to which government does not have control over markets and the importance of property rights. Neoclassical and Keynesian macro-economists emphasize the need for government regulation to prevent monopolies and to soften the effects of the boom and bust cycle. Marxian economists emphasize the role of capital accumulation, exploitation and wage labour. Most political economists emphasize private property as well, in addition to power relations, wage labour, class, and the uniqueness of capitalism as a historical formation.
Proponents of capitalism argue that it creates more prosperity than any other economic system, and that its benefits are mainly to the ordinary person. Critics of capitalism variously associate it with economic instability and an inability to provide for the well-being of all people. In contrast to both perspectives, socialists maintain that capitalism is superior to all previously existing economic systems (such as feudalism or slavery) but that the contradiction between class interests will only be resolved by advancing into a completely social system of production and distribution in which all persons have an equal relationship to the means of production.
The term capitalism, in its modern sense, is often attributed to Karl Marx. In his magnum opus Capital, Marx wrote of the "capitalist mode of production" using a method of understanding today known as Marxism. However, while Marx rarely used the term "capitalism", it was used twice in the more political interpretations of his work, primarily authored by his collaborator Friedrich Engels. In the 20th century defenders of the capitalist system often replaced the term capitalism with phrases such as free enterprise and private enterprise and replaced capitalist with rentier and investor in reaction to the negative connotations associated with capitalism.
source: http://en.wikipedia.org/wiki/Capitalism
Update!
Constitution Hour's Cliffnote's (for those challenged by comprehension)
- The point of this thread is the market determines price.
- The people who buy ammo are the market, regardless of who they buy it from. I.E. Walmart or a flipper.
- Walmart and the flipper are also part of the market.
- No demand,= lots of ammo sitting on the shelf, low prices.
- High demand,= very little ammo on the shelf, higher prices.
Video, thanks to Constitution Hour.
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