American Capitalism Anarchism Vs Liberalism

11 Pages 2719 Words

markets, unionization, and . The United States of America's government is hyper-capitalistic, because the markets are freer than in any other country. We consume more and are more dependent on working. The markets in the US have not always been so free. In the beginning we had small markets that people did not depend so much on because of the fact that they were all farmers and sharecroppers. The existence of slavery was in very recent in history back then. America was not considered a capitalistic country, but instead a feudal one because everyone traded and didn't expect monetary compensation for their products. When the goal of production (around the end of the 19th century) changed from being used for exchange to profit, the US began to become capitalistic. To establish a definition of capitalism, I shall establish it as when goods are produced to be sold; the revenues made are then used to be what you need with intent to make a profit in the end. Our capitalistic ways are effective in the US government because it small enough to allow the businesses to make their own decisions. As the US became industrialized, the need to mass-produce came into effect, and the boom in the labor market began. The problem with this is that the freedom of the markets allowed the businesses to move around as they liked; only when they were knowingly signing a contract were they forced to make a commitment. Markets dispersed power that kept the government from being able to say anything to the businesses that were making the most money in the market. The government decided to not involve itself when it came to the market, even though they knew that the bigger companies were overtaking the smaller ones. The wealthiest owners had the power in the markets and this allowed them to have more say as to what goes on in the free market. The government could intervene in this situation, but they do not because it would be too risky for them to put restrictions ...