Capitalism is justified because it makes life better.

CAPITALISM - an economic system in which investment in and ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations, esp. as contrasted to cooperatively or state-owned means of wealth. http://dictionary.reference.com... Capitalism is justified because it makes life better. This is shown in practice. http://en.wikipedia.org... http://hdrstats.undp.org... The Human Development index measures the standard of living for a country. If you look at the top countries on that list, they all have a capitalist economic system system. http://www.success-and-culture.net... Income Per Capita is measures the economic prosperity of a nation proportional to its population. The higher the income per capita, the greater wealth there is in that nation, which means its population has more income and capital. More capital results in greater employment, more employment results in a better standard of living. http://www.success-and-culture.net... If we look at the top 30 countries in this ranking, ALL have capitalist economic systems. Capitalism, with private means of production, would result in a greater supply of goods and services to meet the demands of the market. Collectively or state-owned economies would mean just one general supplier of all goods. Several suppliers competing for the demand of the consumers would create a greater supply of goods and services, and more capital. This is exemplified in the Eastern European countries preceding the collapse of the Soviet Union, where due to a centrally planned economy there were constant shortages, especially basic needs such as housing and food. Low supply and high demand resulted a decrease of capital, and a deficit of economic growth. The prefabricated homes used to combat the shortage remain in the former Eastern Bloc today. Only a few examples. http://en.wikipedia.org... - Russia http://upload.wikimedia.org... - Romania http://image02.webshots.com... - Croatia Another benefit of capitalism is the development it creates. In a competitive economic atmosphere, enterprises are encouraged to innovate in order to profit, and those that do not will fail. Without the motive of profit and competition, innovation stagnates. To date, no country with a non-capitalist system has retained one without using immoral force. The obvious hardships of socialism and communism would result in an unsatisfied population, and the only way for the system to retain hold on power would be through force. The seizure of private property would be through force. An example includes Czechoslovakia, where small reforms resulted in the Soviet Union and its allies invading. Another one being forced collectivization throughout Warsaw Pact states. Every socialist state is a police state. Capitalism is justified because it is the system with the most choice for an individual. I have choice regarding the providers of the goods and services I require. All market activity is voluntary. Power resides in the individual, rather than an oligarchic central authority that imposes its will upon all participants in the economy. Capitalism guarantees me the ownership of my own property, and to do it as I please, within the constraints of law. Capitalism offers me the right to work for my own sake. Socialism and its various forms have public authorities that demand the use of your property, and this is most commonly used by force. Wealth is created by production. If the state has control of the means of production, essentially one authority has a monopoly on all wealth in the economy. Capitalism puts wealth in the hands of citizens.