CAPITALISM FOR FUTURE?

Capitalism is an economic system based on private ownership of the means of production and their operation for profit. Characteristics central to capitalism include private property, capital accumulation, wage labor, voluntary exchange, a price system, and competitive markets. In a capitalist market economy, decision-making and investment are determined by every owner of wealth, property or production ability in financial and capital markets, whereas prices and the distribution of goods and services are mainly determined by competition in goods and services markets.

Economists, political economists, sociologists and historians have adopted different perspectives in their analyses of capitalism and have recognized various forms of it in practice. These include laissez-faire or free market capitalism, welfare capitalism and state capitalism. Different forms of capitalism feature varying degrees of free markets, public ownership, obstacles to free competition and state-sanctioned social policies. The degree of competition in markets, the role of intervention and regulation, and the scope of state ownership vary across different models of capitalism. The extent to which different markets are free as well as the rules defining private property are matters of politics and policy. Most existing capitalist economies are mixed economies, which combine elements of free markets with state intervention and in some cases economic planning.

Market economies have existed under many forms of government and in many different times, places and cultures. Modern capitalist societies—marked by a universalization of money-based social relations, a consistently large and system-wide class of workers who must work for wages, and a capitalist class which owns the means of production—developed in Western Europe in a process that led to the Industrial Revolution. Capitalist systems with varying degrees of direct government intervention have since become dominant in the Western world and continue to spread. Over time, capitalist countries have experienced consistent economic growth and an increase in the standard of living.

Critics of capitalism argue that it establishes power in the hands of a minority capitalist class that exists through the exploitation of the majority working class and their labor; prioritizes profit over social good, natural resources and the environment; and is an engine of inequality, corruption and economic instabilities. Supporters argue that it provides better products and innovation through competition, creates strong economic growth, and yields productivity and prosperity that greatly benefits society as well as being the most efficient system known for allocation of resources.

I do not agree with the policy of capitalism in Indonesia if it is going to be implemented because of the concept of capitalism you can say that the rough language is that the rich get richer and the poor remain poor. why is that? because because the government cannot intervene from foreign trade, the country cannot give tax to the company to buy goods because the principle of capitalism is to free all private companies to trade as much as they can.

this is very different if the state does not use the capitalism system because the state will not have more income than the tax determined because the government has no right to intervene with foreign trade affairs. the government is only focused on within the country, then taxes will be imposed if the goods are sold domestically and also people are more free to act arbitrarily in the trade sector and the government may not be able to overcome it

for the next generation in my opinion what we can love as a millennial generation is only sustainable development that can be said to meet the needs of the present without sacrificing the fulfillment of the needs of future generations

and also our inheritance towards the next generation is the history of Indonesia itself as how they fight for nkri and all things that they think are important and also like policies that are now applied by the government must be desired by the next generation that the government has used its policies can make the country more than before
And also in my opinion, capitalism policy in our country is also not very suitable because our economy is not yet stable and still too far behind from the big countries that have good economy and human resources. Indonesia naturally learns from developed neighboring countries not only sticking to general quality.

and the luster of our country uses capitalism policy so everything will be chaotic because of the many policies that always change and I think Indonesia cannot use the policy because bad things can happen because they differ greatly from the previous destruction
But from all that there are still advantages in every policy, as we know that this policy is actually very good especially if the person already has sufficient capital and can also manage it is very good for themselves because it is more free to innovate without being restrained by government