Capitalism is the only way to go

Commerce, economic and business subjects are taught from a capitalist framework. To understand what is meant by this, one must understand the spirit of capitalism. Capitalism is the ideology that free markets are fundamental to building an economy. I may not be a student of economics or commerce, but I have studied accounting before in high school, and I know that the sole or main purpose for the existence of a business is to make profit. One does not need to be a student of economics to know this.

Capitalism thrives on individualism, that one is entitled to what one earns and has the right to do what one wants with one's earnings. One needs to have the 4M's to do start a manufacturing or production business: materials, manpower, money and machinery. Manufacturing is in the primary sector as it gives rise to the ability to engage in trading goods. Without the 4M's, businesses cannot start and a country will not be able to create wealth. The fundamental needs for food, shelter, water and transport will be hard to meet.

This is in complete contrast to the idea the idea that everything is used rather than owned by the individual. The government controls the use of everything rather than owns it. This idea is communism. My understanding of communism is not that of a dictatorship, although it is usually associated with a dictatorship, but a communalistic wealth distribution to eliminate private ownership.

The underlying principles in commerce, economic and business subjects are that the self is paramount - that one needs to look after oneself before looking after others. This is true, but this idea tends to influence people to neglect the needs of others. Furthermore, based on my past experiences, many people are induced with the assumption that the wealthier one is, the harder that person works, and the poorer one is, the lazier that person is. Although it may be true in some cases, not everyone is born into a wealthy resourceful family. People cannot be blamed for being poor, just because they are poor.

Capitalism is essentially about survival of the fittest. If one is not fit enough, it's just too bad.