WORLD HISTORY

Detailed explanation-1: -The purest form of capitalism is free market or laissez-faire capitalism. Here, private individuals are unrestrained.

Detailed explanation-2: -The capitalist government definition is a government which upholds the private property rights necessary for capitalism and the legal framework for functioning markets. Strong laws governing contracts, inheritance, fiduciary duties and trading are central to capitalist governments.

Detailed explanation-3: -They include advanced capitalism, corporate capitalism, finance capitalism, free-market capitalism, mercantilism, social capitalism, state capitalism and welfare capitalism.

Detailed explanation-4: -Marx condemned capitalism as a system that alienates the masses. His reasoning was as follows: although workers produce things for the market, market forces, not workers, control things. People are required to work for capitalists who have full control over the means of production and maintain power in the workplace.

Detailed explanation-5: -One of the examples of capitalism has been the creation of mega-corporations owned by a set of private individuals and institutions. Minimal government intervention and protection of private property rights have enabled the creation of humongous companies.