What Is The Interconnectedness Of Capitalism

Capitalism has strong roots in America today, as the founding fathers of our nation promoted it and our leaders today continue to promote it. As the pendulum swings and government interference in the economy increases and decreases, capitalism becomes more and less pronounced at different times. While more and more people are questioning capitalism and the ethical dilemmas that come as a result of a free market system, people must realize that capitalism and the free market system give people the power to control our economy. Capitalism allows people, not governments, to control prices, quality, and demand for any product or service that exists. Calls for capitalism to be undermined and removed altogether from the American business environment
could potentially drive America down a road that countries such as North Korea and the USSR have been down before. More government intervention would simply strengthen the government and weaken the people, which would go against everything that our founding fathers worked so hard for when they established the United States of America in the eighteenth century. Capitalism and the free market system should always have a place in our business environment in order to maintain a democratic society and to allow people to make their own educated choices like that have always been able to do. As history has shown, an unmonitored free market can be dangerous for not only the economy, but also the citizens of the United States. When the wrong people are in charge and ethics are thrown out the window, chaos may ensue, but with responsible leaders in charge, capitalism can allow both people and the world economy to thrive under every circumstance.
The interconnectedness of capitalism and the free market plays a key role in a large majority of business interactions.
A free market without capitalism would not work because companies would have both little competition and little restrictions, which would cause unfair business practices such as monopolies to arise. Capitalism without a free market would be difficult as well because companies would be unable to properly compete for consumers due to the many government restrictions that would be placed on them. Capitalism in conjunction with a free market system works because it allows companies to compete fairly with other companies to attract consumers while the consumers have the final choice of which companies succeed and which do not. With this system, people act as the government due to their power to restrict certain companies by not purchasing their products or services. For example, capitalism is at its best when a company that is behaving unethically loses sales or is boycotted altogether by consumers. In a case like this, consumers are doing the job of the government by punishing a company for not competing fairly. Without capitalism or the free market system, the government is in charge of punishing companies, which could go poorly if the government wrongly punishes a company or devastates a company that did not deserve a harsh punishment. Capitalism allows the people to decide, which is the epitome of the American way of
life.
Although capitalism and the free market may have their downfalls in certain situations, no system will ever be perfect. In the case of business regulation, it is best to have 319 million Americans making the decisions instead of a few politicians. It is up to the people of the United States to control the business environment as they are the ones who consume and produce many of the products. People should have always have that sort of power in America.