Why Every Country Ends Up Capitalist

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Capitalism

Capitalism is the predominant economic system in the world today, characterized by private ownership of capital and free markets.
Key features of capitalism include free markets, free trade, money, private ownership of capital, property rights, and investment incentives.
Capitalism has led to significant economic growth and wealth creation, particularly through the development and improvement of capital.
Capitalism incentivizes owners of capital to make it efficient and effective for adding value to the market economy.
Capitalism creates a free market for labor, incentivizing workers to improve their skills and value.

Capitalism has been criticized for rising inequality, exploitation of natural resources, and erosion of human rights.
Land ownership has drawbacks and provides little upside compared to capital ownership.
Expensive land can reduce long-term economic output and discourage innovation.

There is no universally agreed-upon definition of capitalism, and different people have different ideas about its characteristics.
Capitalism is not the only economic system, and there are other alternatives such as socialism and communism.
Georgism is a type of capitalism that discourages making money solely through land ownership and encourages development of enterprise.

Capitalism is a useful tool that has improved the world but is not perfect or inevitable.
Capitalism can be improved and modified to address its shortcomings and lead to a better quality of life for all economic participants.
Calls for workers to seize the factors of production would be a rejection of capitalism.
The system is not perfectly efficient, as land and capital owners have an incentive to pay labor as little as possible.