Capitalism and Democracy

Topics: Capitalism, United States, Economics Pages: 7 (2890 words) Published: April 25, 2013
American Capitalism and American Democracy have always gone hand in hand for the entire history of the United States since its founding, and many say one cannot exist without the other. Many people today commonly associate Capitalism with Democracy when asked about the United States in general. Capitalism is based on profits for the few while democracy is based on rights for many. Commonly capitalism is known as an economic system in which all or most of the means of production are privately owned and operated, usually through employing wage labor and for profits, and in the investment of capital and the production, distributions and the price for the goods or service are determined by the free market. Taking a look at the situations of all of these together, we also look at the strengths and weaknesses in the American political and economic system. Similarities and differences are being determined in how the government society is influenced by what is happening today, how the interest groups have connections with the public more than what anyone has believed and why new technologies are being used to those in power to favor the interest groups. I will also be discussing the differences between the public government and the private government and what affects they have on us as a whole. Being able to understand how the elective officials get their money for elections and the conflicts with the public opinion polls. Capitalism has a wide verity of advantages over much of the globe today. Historical experience in the United States demonstrates that capitalism has a unique capacity to efficiently produce goods and services that are desired by consumers. Capitalism can be considered a system of private government. A small and undemocratically chosen group exercises substantial ownership and control over the American economy. Private governments are every bit as powerful as the public government. Yes, the Public government is important; nevertheless, people come in contact on a regular basis with different private governments. Capitalism does not simply distribute money and wealth unequally. It also distributes economic power unequally. Although globalization and technological change have increased competition and the pace of change, a small elite of corporate partners and large shareholders own and control most of the production that is being produced. The people who are in charge of these corporations own and control a lot of today’s citizens. They have the power over the working lives of their employees, and make decisions that have far-reached consequences for the whole entire society. For example, I live in Freeport, IL and yes, there are different private corporations but one of the main shareholders would be Honeywell. Why? If Honeywell would decide to close down, there go tons of people jobs. That one decision makes a difference to a small town. Society relies on businesses to provide jobs for different individuals who are qualified for different opportunities. If a person is applying to different private owned business, the business has the decision to deny or accept them. Businesses’ have so many ways of finding out different information about a specific person. Global concentration has open up new opportunities for the business world. Internet engines want more control on what you can and can’t do. Indicating that they profile what you search or look at; if you any open accounts that the businesses can look over to see who you are. Businesses are now looking on any free website to profile any person they want. The internet has come up with different profiling of different people. What I mean is that, if you look at pictures or look up something certain, they can get into the search engine and determine what has been looked at to see what you are interested to. People are finding out anything they want about anybody. Personally, I do not want anyone to look up what I’m searching. Not saying I am looking up...
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