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EP#35 Why Capitalism is Good for Everyone...Even Socialists
The Livelihood Podcast
English - August 04, 2020 19:00 - 43 minutes - 30.1 MBEntrepreneurship Business make money money make money online money from homes online business passive income ecommerce entrepreneur selling online marketing Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
In this episode we argue that capitalism is a force for the good of society, by driving innovation which has given us an incredible quality of life compared with our ancestors.
WARNING: This is an opinion piece. We are not experts on the subject of economics or politics, we just think it's important and fun to discuss subjects like this, and we hope that we give a good argument to why capitalism is good for everyone.
The main points we go over in this episode -
Some definitions -
CAPITALISM - An economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.
SOCIALISM - a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.
COMMUNISM - a theory or system of social organization in which all property is owned by the community and each person contributes and receives according to their ability and needs.