You believe that a free market economy promotes individual freedom, innovation, and wealth creation for all.
Capitalism is a political and economic ideology characterized by private or corporate ownership of capital goods, investments determined by private decision, and prices, production, and the distribution of goods determined mainly by competition in a free market. It is a system in which the means of production are privately owned and operated for profit. This profit is generated through efficient use of the resources, obtained through a voluntary exchange in a free market.
The roots of capitalism can be traced back to the late Middle Ages in Europe, where it gradually emerged following…
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Can capitalism truly provide freedom of choice for consumers, or does it end up creating illusions of choice with big companies dominating markets?
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Operative word is "can". The answer is therefore yes.
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It ends up creating illusions yes, but it's better than communism and socialism. While it can make a very corrupt and unequal society, asking as all the people aren't poor, have equal rights and education it's as much freedom as a person needs
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Do you think capitalism encourages over-consumption, and if so, how does that make you feel about its impact on our planet?
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Definitely, companies want to make as much money as possible, and it often means cutting corners
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