Working Hypothesis #1:
Capitalism keeps democracy alive. find a problem or solution to problems2
Working Hypothesis #2:
Capitalism gives fair opportunities to anyone willing to grasp it.
Working Hypothesis #3:
Capitalism combined with democracy is what make the U.S. the powerhouse of the world.
Working Hypothesis #4:
Modern day capitalism, along with controlled government, is beneficial to the poor.
#1: American capitalism has improved life below the poverty line and breeds opportunity for anyone willing to work hard.
#2: The United States form of capitalism breeds opportunity to all who are willing to take on the opportunity.
Capitalism Is Good For the Poor
Due to the free market sparking competition between innovators, the poor of today live like kings compared to the history of this country. The evolution of these markets have made products cheaper and more available than in the past. These days the majority of citizens below the poverty line are living with things such as household appliances and cellphones. This was a vast minority in just the 1990’s. Capitalism brings value to labor, causing everyone to work less hours for more money including the poor.
Don’t tell Bernie Sanders, but capitalism has made human life fantastically better. Here’s how
The statistics in this article by James Pethokoukis shows how entrepreneurial capitalism and the free market has created better quality of life for everyone. The innovation that capitalism has enforced has rewarded us with “richer, fuller lives”. The innovation has lead to the advancement of knowledge-intensive fields like medicine, which has statistically proven to allow children to reach adulthood and adults to live to old age. Capitalism allows us to contribute to society anyway we see fit, as well as giving us the opportunity to monetize our passions and strive financially.
Circular Flow – The Economic Lowdown Video Series
The circular flow model is a layout of how money flows in our economy. It show two groups of economic decision makers: households and businesses. The model relates these decision makers with two markets: market for resources and market for goods and services. Households sell in the resource market for resources while the businesses buy in the resource market. Households buy in the goods and services market while businesses sell in the same market. These transactions lead directly to each other in an endless cycle.
How Growing Up Poor Can Make You Rich and Successful
Kathy W. explains stories on the rich who had grown up poor. These rich people had become successful by overcoming adversity and hard comings. The examples she expresses comes to show that anyone can be successful if they’re willing to do so. The majority of millionaires in the country right now are self-made, while ab 40% of the self-made millionaires grew up in poor households. The opportunity for success is always on the table, the decision is yours whether to take it or not.
Capitalism is (Slowly) Winning Around the World
The statistics show that the countries at the top of the economic freedom scale are majority capitalist nations. The model the author uses to collect data concludes that the countries that are more economically free are living better social and financial lives.
Current State on Project:
I am working on finding sources and narrowing down my hypothesis to fit into 3000 words.