Capitalism and Fake Modernity

Capitalism is a type of economy in which wealth is privatized, as individuals own the means of producing goods and earn a profit. This economic system has shown itself historically to be highly innovative, since some of the profit can be reinvested to improve the business, and private ownership entails competition between companies to solve problems by meeting or creating new demands. There are economists and businesspeople who practically worship capitalism. They see the rapid technological advances, the enormous wealth created, and the trickling down of some of that wealth which eliminated much world poverty and created the “First World’s”…...