Yay, Capitalism!

Capitalism is defined as an economic system in which the means of production and distribution are privately owned and operated for a private profit. Like anything else, it has its strengths and flaws. 


Pros:

• Lots of freedom
• Choose to run your own business or get a job 
• Consumers get highest variety of products and services
• Room for innovation without the government interfering
• The market bends to the will of the customers
• Right to own property and develop it as you choose
• Right to earn as much money as you want 
• Highest standards of living 

Cons:

• Not everyone can live comfortably
• Imbalance of equality among classes
• Some believe it leads to unfair competition
• Society becomes very materialistic

All in all , Capitalism is awesome. 

Globalization

One of the many advantages of globalization is the growth of communication. Due to advancements of technology it has become increasingly easier for people around the world to contact each other.  This means more trading opportunities which lead to economic growth among countries. Due to globalization, the word has definitely become more connected. 

   Despite this globalization has some negative effects.  Some companies desire cheap, fast labor and as a result outsourcing occurs. For some Americans, this means losing their jobs to another person overseas. Capitalism continues to grow along with the mass production of products.