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Word Count: 1,147
There are words in the English language which are often mistaken for something they are not For example if one is a democrat heshe often automatically presumed to be a liberal which is not always the case If one is a vegetarian many people will immediately see himher as an animal rights activist It may only be that herhis doctor instructed herhim not to eat meat for health reasons Such confusion of a word is common when discussing capitalism and its meaning Websters Dictionary defines capitalism as an economic system in which the means of production distribution and exchange and privately owned and operated for profit Capitalism is often viewed as a governmental system rather than an economic one Whatever it is and however it is viewed it is important for one to realize that capitalism can be both a bane and a blessing Freedom as capitalism can also be considered a bane and a blessing The idea of being able to achieve what you desire gives people the drive to do well in life as well as the motivation to take needed risks A key element in capitalism is the undertaking of activity in the expectation that it will yield gain in the future Because the future is unknown both the risk of loss and the possibility of gain always exist Gesell Silvio The Natural Economic Order However when one becomes overly motivated heshe runs the risk of risking too much and losing everything With no restraints on personal spending from the government of a capitalistic economic system it could be often difficult to use ones money and capital in a responsible manner For this reason capitalism can be considered a gamblers economy If the citizens in this system are unable or unwilling to accept the fact that they may come out worse than where they started the system fails Due to the necessary evil of failure in a capitalistic economic system the
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