fatra2 said:
There, I disagree. Capitalism is a social system based on the principle of individual rights. In this idea, I want to believe that individuals know what is best for themselves. Therefore, and after reading many papers and books on the different social system, I became a fervent supporter of capitalism. It leaves society to itself.
I am not saying that only good comes out of it, but it is the best ideology possible.
Cheers
What you are talking about would be referred to as liberalism ("liberalism" as in the 19th to early 20th century definition, not the modern definition meaning a big-government supporter) I think, or maybe free enterprise or free-market capitalism.
Remember, capitalism occurs regardless of the social system. It occurs in prisons, which are essentially like miniaturized versions of communism, in socialist societies (the Soviet Union had a whole underground black market capitalist system), in organized crime, in third world countries with lots of corruption, and so forth.
In order for it to function properly for society though, you need a free market to form a free-market capitalist system. Forming this is tough, and requires a lot of different things, which is why capitalism tends to fail in third world nations. You also need political freedom.
Pure capitalism without a free market is just another form of serfdom, along with socialism, fascism, feudalism, slavery, etc...
It's like democracy. We all consider democracy as good, but in its purest form, democracy is just another form of tyranny, same as dictatorship. You need proper institutions and structure for democracy to work (such as a free press for example).
No Westernized nation is a pure democracy, they are a structured form of it, like a parliamentary democracy or a Constitutional republic as we have in the good 'ole USA.