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    The History of Capitalism

    This is a great overview of exactly what to expect of a society based in capitalism. If you want to learn somthing by reading this whole article the link is after the snippet. Find some peace and quiet and bring your vocabulary with you. It's an unforgiving fire hose of concept delivery to the educated. You'll see what I mean.

    The history of capitalism as it has operated in the last two hundred years in the realm of Western civilization is the record of a steady rise in the wage earners' standard of living. The inherent mark of capitalism is that it is mass production for mass consumption directed by the most energetic and far-sighted individuals, unflaggingly aiming at improvement. Its driving force is the profit motive, the instrumentality of which forces the businessman constantly to provide the consumers with more, better, and cheaper amenities. An excess of profits over losses can appear only in a progressing economy and only to the extent to which the masses' standard of living improves. Thus capitalism is the system under which the keenest and most agile minds are driven to promote to the best of their abilities the welfare of the laggard many.

    via mises.org

     

    • 26 August 2010
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  • Scott Bratcher's Posts

    This is another merging stream of the binary me. It may at times collide or overlap with the real me.

    About Me:
    I love to travel, then return home. In projects, I dig the details, when they compliment the greater perspective. I adore good design and applaud inspired implementation. Simplicity is king; functionally and in form.

     

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  • About Scott Bratcher

    This is another merging stream of the binary me. It may at times collide or overlap with the real me.

    About Me:
    I love to travel, then return home. In projects, I dig the details, when they compliment the greater perspective. I adore good design and applaud inspired implementation. Simplicity is king; functionally and in form.

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