Capitalism is a phenomenon which has existed for a long time, but the notion is much younger. Scientists have identified the phenomenon even in Ancient Greece. It is generally agreed that no modern form of capitalism existed before the 16th century, and that it existed in the 19th century. A further distinction should be made between the capitalists and capitalism. Capitalism refers to the socio system and the corresponding values that enable people to become capitalists. It advocates and encourages innovation and growth of new businesses/inventions. The system hinges on competition among capitalists, but the individual capitalist may strive to be the sole actor, either as monopolist, (sole seller) which enables him to set the price in the market. Critics have made scathing attacks on this system which, they suggest, is unhealthy for society or for equity amongst the population at large. Alternatives are sought which reflect upon systems that buffer the ills of capitalism. It is also suggested that trusteeship can be the soul of capitalism system whereby the possible negative outcomes may be controlled and countered. The book has three sections which explain various dimensions to capitalism as a system. They are titled I) Introduction, II) Effects on Nations and III) Alternative to capitalism. The book presents issues which will take the reader towards a complete understanding of capitalism as a system and provide thought processes pertaining to various alternatives to capitalism which could help the socio-economic development.
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