Capitalism

From Geography

Capitalism

Capitalism is a social system based on the recognition of individual rights, including property rights, in which all property is privately owned. Under capitalism the state is separated from economics (production and trade), just like the state is separated from religion. Capitalism is the system of of laissez faire. There's no intervention or structuration from above, like government or NGO's.

Founding father of todays capitalism is Karl Marx (1818-1883). His theory was about unfairly economic distinctions in society between lower class people and upper class people who where dominating and exploiting the people from the lower classes (Van der Velde, 2008). In other words, there was a "battle of classes". And, according to Marx, there will be a point in the future where the frustration of the lower class people becomes so high that it will arise a revolution. A revolution from a society based on differences, inequalities and exploiting from lower class through upper class people into a society of equal political and socio -economical rights with welfare to be more important (Van der Velde, 2008). Concrete said from a more capitalist society to a more communist society, where everybody is equal.