Americans are in trouble and thehy are creating more for the entire world, because they have gotten stuck. american economics developed out of the interactions of the following elements. A “product”: and “Commodities” OR ANY standard products, especially raw materials that are not associated with particular producers or brands and trade on organized exchanges.
what is capitalism?
products/commodities are of two types: capital goods and consumer goods. Capital goods (i.e., raw materials, tools, industrial machines, vehicles and factories) are used to produce consumer goods (e.g., televisions, cars, computers, houses and or ammunition exported to generate wars around the world) to be sold to others. the U.S is currently the largest exporter in the world.
The three inputs required for any kind of production are:
- labor, land (i.e. raw land, natural resources, habited, inhabited) capital goods. US cant do it directly so it hijacks and installs “democracy” in 3rd world countries unfit for democratic systems due to illetrecy rates, bad economics and corrupt leaders etc, outsourcing corrupt govts (paying up large sums to a chosen few) to suppress and oppress majority , all in the name of freedom rhetoric helps US install its military policies around the world easily. after the end of the cold war, its unfortunately the sountheast, middle east region, with presence of Israel as constant flashing point!
Types of capitalism
Free market capitalism consists of a free-price system where supply and demand are allowed to reach their point of equilibrium without intervention by the government. Productive enterprises are privately owned, and the role of the state is limited to protecting the rights to life, liberty, and property.
Social market economy
State capitalism consists of state ownership of the means of production within a state. The debate between proponents of private versus state capitalism is centered around questions of managerial efficacy, productive efficiency, and fair distribution of wealth.
(which has currently taken over the world)