35 lines
1.5 KiB
Markdown
35 lines
1.5 KiB
Markdown
**Capitalism** is a way of organizing resources and people in order to
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produce a profit for those who control property. It has three major
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traits:
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1. [Privateownership](Private_Property "wikilink") controls the
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production of commodities
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2. [Commerce](Markets "wikilink") is used to [trade](trade "wikilink")
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resources
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3. Society is divided into [classes](Class "wikilink"), with most
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people working for others for [wages](Wage_Labour "wikilink")
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## History
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Capitalism evolved out of the early [market
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economies](Markets "wikilink") which were common throughout the ancient
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world, as
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## Anti-Capitalism
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Numerous criticisms of capitalism exist which argue capitalism is
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detrimental to human [freedom](freedom "wikilink"), [the
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environment](Ecocide "wikilink"), [mental
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health](Mental_Health "wikilink") and is unable to effectively use the
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resources it has to solve big issues like [poverty](poverty "wikilink")
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or [hunger](hunger "wikilink"). Others have pointed out a link between
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capitalism and authoritarianism, noting the methods to create capitalism
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involved stealing [common land](Commons "wikilink") from
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[indigenous](Indigenous_People "wikilink") groups via
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[colonialism](colonialism "wikilink") and from medieval
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[peasants](peasants "wikilink") via [enclosure](enclosure "wikilink").
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Additionally, capitalism has had a strong association with
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[fascism](fascism "wikilink") and the destruction of [social
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democracy](Social_Democracy "wikilink") in the third world.
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Anti-capitalism is a key part of [libertarian
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socialism](Libertarian_Socialism "wikilink"). |