http://calpolymbatrip.com/2008/china/the-link-between-capitalism-and-contracts-and-property-rights/ The MBA Graduate Program at Cal Poly Tue, 22 May 2012 00:14:38 +0000 http://wordpress.org/?v=2.6.3 http://calpolymbatrip.com/2008/china/the-link-between-capitalism-and-contracts-and-property-rights/#comment-6750 Jimmy Spann Tue, 28 Oct 2008 05:25:07 +0000 http://calpolymbatrip.com/?p=872#comment-6750 What we must first realize is that our economy is not a pure capitalistic or free market economy. We do have government regulations on products, which the general public would agree is beneficial. It prevents companies from making faulty and dangerous products as well as protects the general public working conditions. Some perfect examples are the Food and Drug Administration and Minimum wage. Even though everyone claims that they want a capitalistic and free market economy. I think that everyone would also agree that some government regulations are beneficial. So we want some type of balance between what is best for the community, or county, and what is best for the individual. What we must first realize is that our economy is not a pure capitalistic or free market economy. We do have government regulations on products, which the general public would agree is beneficial. It prevents companies from making faulty and dangerous products as well as protects the general public working conditions. Some perfect examples are the Food and Drug Administration and Minimum wage. Even though everyone claims that they want a capitalistic and free market economy. I think that everyone would also agree that some government regulations are beneficial. So we want some type of balance between what is best for the community, or county, and what is best for the individual. I also would like to try to answer the question on ‘How is China more capitalist than the U.S.A.?’ Since they are changing from a communist country to a capitalist country, we see the country and government implementing new tactics. They do not have a centralized health care because the economy is attempting to convert to capitalism. They do not want the government to have anything to do with it because it is not the capitalistic way. However it will be interesting to see what type of role their government begins to play in the future. The U.S. started with a somewhat purer capitalistic economy and over the years we have seen the government play more and more of a role during times of crisis. I think that finding the correct balance is the best strategy. In the video link, Hernando De Soto says that capitalism is, “a tool for poor people o prosper.” He also says that for the poor to prosper they need people to “believe” in them to earn credit. In the poorer third world countries, they are missing a system that allows the people to prove they own land. This is a very important aspect and was very important to our forefathers when starting our country. By owning land we have something that we can use as collateral for people to trust us. Without this trust and collateral it is hard for anyone to prosper in the capitalistic economy, and thus provides benefits for the rich and, detriments to the poor. What we must first realize is that our economy is not a pure capitalistic or free market economy. We do have government regulations on products, which the general public would agree is beneficial. It prevents companies from making faulty and dangerous products as well as protects the general public working conditions. Some perfect examples are the Food and Drug Administration and Minimum wage. Even though everyone claims that they want a capitalistic and free market economy. I think that everyone would also agree that some government regulations are beneficial. So we want some type of balance between what is best for the community, or county, and what is best for the individual.
What we must first realize is that our economy is not a pure capitalistic or free market economy. We do have government regulations on products, which the general public would agree is beneficial. It prevents companies from making faulty and dangerous products as well as protects the general public working conditions. Some perfect examples are the Food and Drug Administration and Minimum wage. Even though everyone claims that they want a capitalistic and free market economy. I think that everyone would also agree that some government regulations are beneficial. So we want some type of balance between what is best for the community, or county, and what is best for the individual.
I also would like to try to answer the question on ‘How is China more capitalist than the U.S.A.?’ Since they are changing from a communist country to a capitalist country, we see the country and government implementing new tactics. They do not have a centralized health care because the economy is attempting to convert to capitalism. They do not want the government to have anything to do with it because it is not the capitalistic way. However it will be interesting to see what type of role their government begins to play in the future. The U.S. started with a somewhat purer capitalistic economy and over the years we have seen the government play more and more of a role during times of crisis. I think that finding the correct balance is the best strategy.
In the video link, Hernando De Soto says that capitalism is, “a tool for poor people o prosper.” He also says that for the poor to prosper they need people to “believe” in them to earn credit. In the poorer third world countries, they are missing a system that allows the people to prove they own land. This is a very important aspect and was very important to our forefathers when starting our country. By owning land we have something that we can use as collateral for people to trust us. Without this trust and collateral it is hard for anyone to prosper in the capitalistic economy, and thus provides benefits for the rich and, detriments to the poor.

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