Capitalism is probably the last thing people think about when they look for solution to the world's problems. People see pollution, corporate scandals, the financial crisis, and other problems caused by businesses, and they often feel government intervention is the solution. Unfortunately, government support often strengthens the corruption of private companies.
For example, the Clinton Administration pressured Fannie Mae to give loans to lower income families to buy houses. The inability to pay for these homes was a catalyst to start the financial crisis. Government foreign aid to poor countries keeps poor countries trapped in the cycle of poverty. The solution is to reform capitalism so that businesses look determine success based on how their actions affect society as well as looking at profits.
Green Capitalism
Most people look at capitalism and environmentalism as opposing concepts. However, perhaps pollution is a violation of property rights but is difficult to measure. If a construction company builds roads against the will of the people, this can be a violation of their property rights. Driver cars emits fumes that other people breathe against their will. Finally, capitalism does not have to be limited to humans. Destruction of the environment may kill other living creatures. Such damage is often called a negative externality. It is difficult to calculate, but the damage has a cost.
- Capital Charges
- Capital Gains Tax On Property Abroad
- American Capital Venture
Capital Raising Guide: American Venture Capital Employers Database - Venture Capital Blog. Find the latest capital raising articles online.
- Bank Capital England Hamilton Trust
- Goldman Sachs Capital Partner