look up capitalism in the dictionary and you will find that my definition is the correct one. The main basis of capitalism is
1. private property
2. market determination of prices
3. competition.

>If you use a true free
>market economy then that disparity
>would not happen. In lassier
>faire economy the when wages/prices
>shift
>the peoples work shift accordingly. Therefore
>there would never be people
>in total poverty, because everyone
>works. However there are no
>true lassier faire market economies,
>the closest one is in
>Hong Kong and we know
>how they are suffering...

Are you kidding? A true lassier faire economy would lead to mass suffering, even the most conservative economist would agree to that.

>Markets grow with the demands of
>the people. This is why
>market economies work so effectively
>the strenght in the economy
>relies on the demands of
>the people. Everytning else is
>built around that demand.

Market economies work so effectively? The 3 richest people in the world have more money than the poorest 600 MILLION. Yeah capitalism is definitely efficient, but that doesn't make it better.



>>The main point here, is that
>>those with the most resources,
>>get the most goods (ie
>>the free market).
>
>not correct. (I will attempt to
>break it down later)
>
I have to disagree with you again. The Solow growth model suggests that capital moves from areas which are capital abundant to areas which are capital deficient. The problem is that the opposite has been shown to be true. Check D. Quoah's paper on "the Twin Peaks" theory. He shows that capital begets more capital, and those without capital will continue to not have capital. Thereby creating peaks in the world of capital-rich and capital-poor.

If you have economic theory to back up your claims, I would like to hear them.