Fundamentally,
capitalism is about an economic system whereby investment as well as
the ownership of production and distribution structures, and exchange of wealth are
governed and primarily maintained and managed by entities, individuals or corporations
in the private sector. Consequently, a particular view of capitalism engulfs
both the economic and political aspects. These two influence and detail the
governing principles of capitalism. The economics bit relate to the ethics
involved in conducting business are related to capitalism as one of the
business systems. The political aspect end relates to the influence that government
systems have on capitalism or any other form of economic systems for that
matter. Important to state is that the principles of capitalism are that human
beings are, by nature, competitive, aggressive and acquisitive. Subsequently, any
attempt to escape this basic trait by providing for those who fail to compete
successfully is not only useless for they will merely become parasites, but
also harmful to the species because they perpetuate faulty genes, promote
dependency and sloth and ultimately create the conditions for social collapse.
-Pancras Odhiambo-
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