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Capitalism is a System that Works

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Which system, socialist or capitalist, feudalism or mercantilism, works better? Why? Also, which type of business gives the owner(s) the highest protection and/or the most incentive to succeed?

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Solution Summary

The solution identifies the system that works better. The discussion showed that among the different systems- socialism, capitalist, feudalism, mercantilism -- capitalism is a better option.

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Throughout the entire human history, capitalism proved itself as a robust system that is better than any other systems. Under capitalism, every human being is given the chance to succeed.

One ingredient for economic success is minimal interference from any government. Laissez Faire is the name of the game. It means detaching the system from any governmental regulation or interference. Many historians and economists advocated the wide use of capitalism -- from Adam Smith to Milton ...

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