Send the link below via email or IMCopy
Present to your audienceStart remote presentation
- Invited audience members will follow you as you navigate and present
- People invited to a presentation do not need a Prezi account
- This link expires 10 minutes after you close the presentation
- A maximum of 30 users can follow your presentation
- Learn more about this feature in our knowledge base article
Transcript of Capitalism
A social system based on the recognition of individual rights, including property rights, in which all property is privately owned. In a capitalist society, all human relationships are voluntary. Men are free to cooperate or not, to deal with one another or not, as their own individual judgments, convictions, and interests dictate. They can deal with one another only in terms of and by means of reason, i.e., by means of discussion, persuasion, and contractual agreement, by voluntary choice to mutual benefit.
-Ayn Rand (1905-1982)
"Father of Capitalism"
Born in Scotland
Started studying philosophy at age 14
Big supporter of equality, free speech, ect.
Taught lectures and wrote books.... An Inquiry into the Nature and Causes of the Wealth of Nations (1776) - one of the first books written that theorized individuals could do well on their own in an economy, that an "invisible hand" guided society. Capitalism Adam Smith (1723-1790) Carl Marx and Capitalism Pointed out that labor as a commodity caused people to value things by price rather than their usefulness.
In later capitalism, this idea flourished by exchanging items for money instead of exchanging it for another item.