Capitalism Michael Moore Analysis

As stated -by Michael Moore, -“Capitalism is against the things that we say we believe in - democracy, freedom of choice, fairness. It's not about any of those things now. It's about protecting the wealthy and legalizing greed”. Capitalism is truly meant based on the principal of individual rights. Capitalism is the part of economic systems where productions are owned and managed by private individuals and institutions. In politics, it is also known as a freedom system while in an economy it is known as a free-market. Capitalism is well-known throughout all countries. The function of capitalism is for distributing and producing goods such as technology and transport system. This is to sell them and make a profit for ourselves. It is not for

When all individuals and firms are given incentives to be innovative and work hard in order to create an innovative atmosphere in the society, this contributes a lot in Gross Domestic Product (GDP) and can lead to a better living. When the wealth increases, it helps in higher living standards. In theory, everyone can get a bigger benefit from the increasing of wealth and of course there is a great difference between being rich and poor. Other than that, since competence is being rewarded and firms are our own private properties, we will definitely work hard for it, and this will automatically increase the percentage of economic growth. Thus, we can see that the living standards for people can be raised through

The methods of marketing products nowadays have become more diverse such as the use of internet and social media. People must work hard and be more creative if they want to be ahead in the competition. Even people with low knowledge can build their own business with hard work and creative thinking. Lack of knowledge can be overcome through various ways; self-trained using the relevant website from the internet, benefitting the mentor-mentee system set up by the government and lots of reading and networking. On top of that, there is rapid growth of business globally. With hard work and creativity, entrepreneurs, no matter how small they are, can tap the global market quite easily. This can be achieved through online business and marketing or advancing the businesses by opening new branches in other countries and can become popular and successful. However, even though capitalism can bring many advantages to us, it also has many drawbacks such as poor people will be hit the hardest especially during economic recession. Because of capitalism, there is a large gap between the rich and the poor. The gap will keep on rising under this system as there is limited government