Capitalism

THE BASIC TENET of capitalism is that the accumulation of wealth for its own sake is a worthwhile economic goal for all individuals. Supporters of capitalism claim that it is a politically neutral system that is only self-managed by the nature of supply and demand.

The model of the economic market under capitalism argues that society will make the most efficient use of our resources and talents if each individual works as hard as she possibly can to meet the demands of all other individuals who decide on their own what they want and need. Thus, the market assumes that we are all each individually motivated by greed. And, as each person continues to strive to meet the needs of others, she will also be motivated ...