What is capitalism? Capitalism is a popular economic system that relies on private ownership and competition to drive economic advancement. It’s responsible for many of the incredible products and technologies we enjoy every day. You’re participating in capitalism when you purchase goods and services or trade your labor for a wage. You’re also participating every time you invest, which is all the time if you have an investment portfolio or high interest savings account. Capitalism is an economic system where private individuals own the means of production and where production levels are based on free market competition. Capitalism is an... View Article