Originally Posted by: AkiraJust a few points...



It isn't a system? As far as I'm aware, capitalism functions due to two groups (or classes, as you will), the Bourgeoisie (dudes at the top), and the Proleteriat (workers). The Proleteriat sell their labour to the Bourgeoisie, however the Bourgeoisie give a wage which is worth less than what the labour is worth, thus extracting some profit.

Sorry friend, you're wrong. The term capitalism was created by Marxists as a derogatory way to describe a free market economy. Capitalism/free markets are simply what happen when individuals are free to barter, trade and produce as they please. Classical liberal free markets are the absence of any system. You're just rehashing old Marxist cliches in your description of free markets. First off, a majority of people are employed by small businesses. Small business owners are not the "dudes at the top". They can make a good income but they have to work very hard - most weeks are 80 hr. work weeks. Employees don't sell their labor for less than it is worth. They sell their labor for a price that someone else is able/willing to pay. If they think their skill or job is worth more, they are free to look elsewhere for employment. Finally, if you are going to mouth these old hackneyed Marxist cliches(debunked cliches), at least learn what Marx's goofy terminology meant. “Bourgeoisie” does not mean "dudes at the top". It means middle class.