re: Teen Vogue: Can't #endpoverty without ending capitalism!

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The origins of capitalism are complicated, and stretch back to the 16th century, when the British systems of power largely collapsed after the Black Death, which was a deadly plague that killed off up to 60% of Europe’s entire population. A newly formed class of merchants began trade with foreign countries, and this newfound demand for exports hurt local economies and began to dictate overall production and pricing of goods. It also led to the spread of colonialism, slavery, and imperialism.

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Individual capitalists are typically wealthy people who have a large amount of capital (money or other financial assets) invested in business, and who benefit from the system of capitalism by making increased profits and thereby adding to their wealth.

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A capitalist nation is dominated by the free market, which is an economic system in which both prices and production are dictated by corporations and private companies in competition with one another,

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The kind of impact that capitalism has on your life depends on whether you’re a worker or a boss.

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Capitalism takes the position that “greed is good,”

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As former British prime minister Margaret Thatcher, whose pro-capitalism stance is said to have devastated the British working classes, once said, “There is no alternative.”

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