Note issue...
Posted: Tue Oct 13, 2009 8:31 am
One of my characters recently recieved this note in game, and I was wondering if it was against the rules, considering all of the terms and ideas that do not exist in cantr, including laissez faire...
Here is the note:
What is Capitalism?
Capitalism typically refers to an economic and social system in which the means of
production (also known as capital) are privately controlled; labor, goods and capital
are traded in a market; profits are distributed to owners or invested in new
technologies and industries; and wages are paid to labor.
Capitalism is based on the premises of laissez faire, where private individuals are
free to exchange goods or services without intervention from the State, hence the
term “free market.” The extent to which different markets are free, as well as rules
determining what may and may not be private property, is a matter of politics and
policy and many states have what are termed "mixed economies." Mixed economies refer
to capitalism being mixed with economic planning or statism, with some considering
statism the ideological opposite of capitalism. Scholars in the social sciences,
including historians, economic sociologists, economists, anthropologists and
philosophers have debated over how to define capitalism, however there is little
controversy that private ownership of the means of production, creation of goods or
services for profit in a market, paid employment, and prices and wages set according
to market supply and demand, are elements of capitalism.
Let me know. THanks.
Here is the note:
What is Capitalism?
Capitalism typically refers to an economic and social system in which the means of
production (also known as capital) are privately controlled; labor, goods and capital
are traded in a market; profits are distributed to owners or invested in new
technologies and industries; and wages are paid to labor.
Capitalism is based on the premises of laissez faire, where private individuals are
free to exchange goods or services without intervention from the State, hence the
term “free market.” The extent to which different markets are free, as well as rules
determining what may and may not be private property, is a matter of politics and
policy and many states have what are termed "mixed economies." Mixed economies refer
to capitalism being mixed with economic planning or statism, with some considering
statism the ideological opposite of capitalism. Scholars in the social sciences,
including historians, economic sociologists, economists, anthropologists and
philosophers have debated over how to define capitalism, however there is little
controversy that private ownership of the means of production, creation of goods or
services for profit in a market, paid employment, and prices and wages set according
to market supply and demand, are elements of capitalism.
Let me know. THanks.