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Thread: Capitalism

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  1. #1
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    Default Re: Capitalism

    Quote Originally Posted by killersheep View Post
    Is it true that capitalism does poorly when a small amount of people own a majority of the capital?
    That's what you call oligopoly.

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    Default Re: Capitalism

    Quote Originally Posted by brucelee View Post
    Quote Originally Posted by killersheep View Post
    Is it true that capitalism does poorly when a small amount of people own a majority of the capital?
    That's what you call oligopoly.

    Actually an oligopoly is when a small amount of people rule.
    "If there's a better chin in the world than Pryor's, it has to be on Mount Rushmore." -Pat Putnam.

  3. #3
    El Kabong Guest

    Default Re: Capitalism

    I think the correct term is oligarchy...like anARCHY and monARCHY.

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    Default Re: Capitalism

    Quote Originally Posted by Lyle View Post
    I think the correct term is oligarchy...like anARCHY and monARCHY.
    and to add

    An oligopoly is a market form in which a market or industry is dominated by a small number of sellers
    For every story told that divides us, I believe there are a thousand untold that unite us.

  5. #5
    El Kabong Guest

    Default Re: Capitalism

    well either of those is bad

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    Default Re: Capitalism

    Quote Originally Posted by Lyle View Post
    well either of those is bad
    I watched a video in one of my classes today that was interesting it showed that it's important to move between government rebulation and unregulated markets to keep competition alive and keep a healthy capitalist system.
    For every story told that divides us, I believe there are a thousand untold that unite us.

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    Default Re: Capitalism

    I stand corrected. Sorry.
    "If there's a better chin in the world than Pryor's, it has to be on Mount Rushmore." -Pat Putnam.

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