Capitalism

Capitalism is an economic system in which a country’s trade, industry etc. are controlled by private owners for profit, rather than by the state. This economic doctrine implies the enhancement of individual development. An individual can economically develop as for as possible. State machinery does not interfere with this. This economic system has developed in the European countries as a result of ‘hands of policy’. The private owned companies and organizations exploit the cheap labour of the poorer countries. They are becoming richer and richer. They speak about common interest of people. But the gap between the capitalists and other countries is ever widening. Because of the direct result of globalization, capitalism overpowers others. The motto of capitalism is distorted because of the greedy sentiment of its perpetrators. Its motto will be suggestive when the the capitalists pave smooth way for everyone to live on the same standard way.