Capitalism and consumerism



Capitalism is an economical system of production and distribution of capital and goods based on private property, total legal equality and freedom of entrepreneurship. The main criteria for the economical decisions is an objective to gain some sort of profit.

Real economics of particular countries has always deviated from the theoretical basis of capitalism which is a private property and freedom of entrepreneurship. To a certain extend there were always such elements as class privileges; restrictions on property ownership, including restrictions on the size of the real estate or land; tariff barriers; antimonopoly rules, etc.


Consumerism as a social and economic order and ideology encourages the acquisition of goods and services in ever-increasing amounts. In the domain of economics, “consumerism” refers to economic policies placing emphasis on consumption. In an abstract sense, it is the consideration that the free choice of consumers should strongly orient the choice of manufacturers what to produce and how, and therefore orient the economic organization of the society. In this sense, consumerism expresses the idea not of “one man = one voice”, but of “one dollar = one voice”, which may or may not reflect the contribution of people to society.