Monopolies truly are the greatest threat to capitalism

Monopolies truly are the greatest threat to capitalism

The encyclopedia text book definition of capitalism is as follow: An economic system based on the private ownership of the means of production and their operation for profit. Central characteristics of capitalism include capital accumulation, competitive markets, a price system, private property and the recognition of property rights, voluntary exchange and wage labor.

Our nation has been exceptionally blessed especially as you consider the relative youthfulness of our democracy.

One major reason for our country’s success is our nation’s forefather’s decision to embrace not only democracy, but also capitalism.

 

 

 

 

 

 

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