The world has an apparent love-hate relationship with the economic social system, capitalism. So, we wanted to know, what is capitalism?
“Capitalism, also called free market economy, or free enterprise economy, economic system, dominant in the Western world since the breakup of feudalism, in which most of the means of production are privately owned and production is guided and income distributed largely through the operation of markets.”
Pope Francis to Congress: Capitalism Must Change
Pope Francis will denounce the inequalities of capitalism when he becomes the first pontiff to address Congress on his visit to the U.S. in September, according to his closest adviser.
Capitalism through the ages: A grand tour
“The editors define capitalist systems as having secure contracts, property rights and markets with flexible prices, and surviving long enough to make big investments worthwhile.”
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