Capitalism is regarded as an economic, political, and social system that the property,

industry, and business are controlled corporately (Rand, A). The United States and other
nations around the world like Australia, Hong Kong, Singapore, etc. are capitalist countries.
In Capitalism, it gives the idea of a free market in which private companies are most likely to
descend and maximize their income from owning the factors of production, such as capital
goods, natural resources, and human capital. Most importantly, consumption in Capitalism is
likely compared to the word “greed,” which is appropriate with the principle of supply and
demand in microeconomics. Most of the capitalists saying is a positive thing – greed
impulses profit and profit foster innovation and product development, which means there are
more selections available for those who afford them. Besides, freedom in Capitalism is also
the driving force of change when people can create ways to carry out tasks more efficiently.
Based on the Business Society and Government (B-S-G) triangle, Capitalism reciprocally
benefits all sectors in all aspects.
The government would have more best chances to develop its economy because of
Capitalism towards a free market economy. Economic freedom indicates political freedom
and free trade for commodities, services as well as funds which generate more money to the
national budget. If so, the government could enhance the quality of education, the number of
schools, and the welfare of the entire country (Nunno, R, 2010). Most of the developed
nations over the world adopt Capitalism to improve their people’s living standards while the
developing countries do not have Capitalism and often live in poverty because of the
shortage in the economy. For example, the United States is a leading nation which supports
and follows Capitalism. It is a country that many political parties handle it. After a 4-year
presidential term, America starts to look for the new one who represents his political party
with an ideal and innovative strategic development. As a result, the United States is always
number one, even though there are many significant events, such as financial distress in
2008. That is the fascinating aspect of Capitalism compared to socialism, communism, or
anarchism despite not being perfect as our imagination. It is highlighted that the government
with Capitalism is likely to suffer its economy from monopolies. This enables organizations to
grow significantly based on wealth and power.
It is viewed as a solely sensible way to build businesses. Many insist that alternatives like
socialism, communism, or anarchism are doomed to fail. With the free-market economy,
competitions amongst business entities wildly promote consumers by generating goods
more affordable. Business owners certainly must search for new ways or the latest strategic
management approach to differentiate themselves from their rivals to gain massive market
share levels. In spite of facing with the monopoly market when larger companies dominate
capitalistic economic markets, smaller businesses may be able to slowly eat away at such
organizations stranglehold by developing not solely new but appropriate products and
services as well to sastisfy consumer demand. Simultaneously, Capitalism’s dog-eat-dog
situations motivate everyone to work harder to reach their dreams. “Placing the central
importance on the person, rather than collectivism, is a traditional hallmark of capitalism and
is at the heart of the “pull yourself up by your bootstraps” narrative that capitalists find so
compelling,” written by Kim Kelly on April 11th, 2018.
It is clear that Capitalism does not benefit people, but only businesses and governments.
When looking at the B.S.G triangle, it quickly demonstrates that Capitalism fails to meet the
needs of persons in a society. Capitalism treats a person equally or unequally, depending on
his social class. Capitalists bosses hold power over workers in the workplace. The more
capital a boss accrues, the more ability they have. “Why are there forty million poor people in
America?... When you want to find out the answer, you should question the Capitalistic
economy”, said Martin Luther King, Jr. – a firm anti-capitalist, in his final speech to the
Southern Christian Leadership Conference in 1967. The trade war between two Australian
largest supermarkets: Coles and Woolworths is a visible example of this term. The two
famous supermarkets in Australia has the power to make their pricing strategy for
fundamental needs; for instance, groceries. The conflict amongst these has the same goal
that they hope to dominate the Australian market by grabbing the large segmentation.
Though the pricing strategy is implemented to maximize profits, scopes as well as
reputation, the society does not have any other alternatives rather than facing with this war
and purchase the product as it could be a daily need. According to Marx, he emphatically
claimed that Capitalist methods of productivity “mutilate the labourer into a fragment of a
man, worsen him to the level of an attachment of a machine, damage every remnant of
charm in his work and make it a hated toil.”
In summary, the focus in capitalist countries is on profits over anything else. This is why it
has a negative effect on each individual in society while having a positive impact on both
entities and governments. Capitalism is arguably one of the most considerable economic
model ever introduced in human history. Unfortunately, it just strengthens the parties and the
government rather than society. In order to benefit the community, it is vital to emphasize the
broader set of legal, political, and economic institutions in the nation. This progresses the
financial system and will also shape the structure of society.
References:
Nunno, R, 2010, ‘Top 10 Greatest
Benets of Capitalism’, viewed
on 29 March 2016,
available from:- <
http://listverse.com/2010/12/24/top-
10-greatest-benets-of-
capitalism>
2. Rand, A, ‘WHAT IS
CAPITALISM?’, viewed on 29
March 2016, available from:- <
http://capitalism.org/capitalism/what-
is-capitalism/
Nunno, R, 2010, ‘Top 10 Greatest
Benets of Capitalism’, viewed
on 29 March 2016,
available from:- <
http://listverse.com/2010/12/24/top-
10-greatest-benets-of-
capitalism>
2. Rand, A, ‘WHAT IS
CAPITALISM?’, viewed on 29
March 2016, available from:- <
http://capitalism.org/capitalism/what-
is-capitalism/
Kelly, K. (2018) ‘What Capitalism is and how it affects people’, available from
https://www.teenvogue.com/story/what-capitalism-is
Nuno, R. (2010) ‘Top 10 Greatest Benefits of Capitalism’, available from:-
http://listverse.com/2010/12/24/top-10-greatest-benefits-of-capitalism
Martin, L.K. ‘His final speech to the Southern Christian Leadership Conference in 1967’,
availablle from:- https://www.huffpost.com/entry/the-uncompromising-anti-capitalism-of-
martin-luther-king-jr_b_4629609
Rand, A. (2016) ‘WHAT IS CAPITALISM?’, available from:-
http://capitalism.org/capitalism/what-is-capitalism/