"The Christian demand for credibility, honesty in trade, that people could trust each other, that money earned was reinvested and not just spent on luxuries, these were all central to the early capitalists in the 16th century."
"Capitalism is an economic system in which individuals reap the fruits of their own labor, and where freedom and competition drive society forward. is a world where effort and innovation are rewarded, and where each individual has the opportunity to shape his or her own destiny based on the degree of their own initiative.
Capitalism makes it practically possible for individuals to reach the highest potential of their dreams.
Historical capitalism was strongly rooted in Christian ethics, incentivizing money earned to be reinvested for the betterment of society. You were ethically obligated to help make the world a better place for as many people as possible, to the best of your ability, and not succumb to greed and selfishness.
Historic Capitalism provided Freedom: Below is a comparison between capitalism and socialism, and an analysis on how societies develop according to the economic systems they apply. For example, in a communist or socialist system, the state controls almost everything, taxes are high, and individuals possess limited autonomy in the accumulation of their own wealth. The administration of public funds is entrusted to politicians and bureaucrats, often with few requirements of accountability of how they spend the funds.
In a capitalist society, the focus will be on keeping government functions as small as possible to provide the greatest possible incentive for freedom and innovation for the country’s citizens. The political philosophy of conservatism is predicated on the principle of decentralizing power and empowering the individual to achieve results through their own efforts, writes historian, bestselling author and founder of The Herland Report, Hanne Nabintu Herland." . . . More.
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