The Power of Capitalism

Capitalism is defined as “an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market” (Merriam-Webster Dictionary 2012). Capitalism is the main driving force of the United States of America. Through the idea of capitalism, businesses thrive every day as they go to work. They try to make as much as they as they can before work ends, and often times try to turn a profit in order to achieve goals and obtain more revenue. At the end of the day, businesses rely on the capitalistic nature of the United States in order to sell off their products and services in a competitive market with little to no government interference.

There are many concepts that link the business, government, and society together. One concept would be capitalism. Businesses in the United States rely on capitalism, which allows them to enter the free market and sell off their goods and services. Although the government of the United States is generally thought to be founded on the idea of capitalism, it was not. Capitalism simply emerged throughout the years as the United States became the first country to relinquish most of its governmental power after the war with Britain. Now capitalism is the forefront of the United States that ultimately drives the economy.

With little government interference in the free market, businesses were basically allowed to do anything possible to make money. This meant that many businesses committed moral crimes that will later be described as federal crimes. The government then decided that it must step in so that businesses would now abuse its freedom. Throughout the years, the government has passed laws and policies that limited the power that businesses had in order to control and balance the economy. The government had begun to limit the power that big corporations have. However, time and time again, businesses seem to find a loophole or another way around the laws and policies to continue turning a profit. Three concepts that is related to capitalism that links together businesses, government, and society would be: outsourcing labor, hiring illegal immigrants, and the change in game ratings.

First of all, in the business world, a profit is made by the selling of a business’ products and services. In order to produce these products and services, it costs money and labor.