Capitalism comprises of three forms in the modern world.
'Enterprise capitalism' mainly focuses on the benefits of the holder of the businesses. It is attractive as it gives a great opportunity for new ventures and promotes entrepreneurship. Due to market competition, every one strives well to keep themselves in demand. New ideas and opportunities emerge day by day. However, trade unions have a very weak role in this system. The gap between poorer and the richer increases and only those can survive who can fit themselves in this system.
The nexus of 'social capitalism' is the welfare of the working class. Here laborers are well paid and focused as they are in majority. The gap between richer and poorer is narrow here as everyone gets what he/she deserves. Long term benefit occurs due to this strategy and welfare programs cater the needs of the working class. However this is not a flexible system and decisions usually take long time to formulate and implement as every single person have to be accommodated in the plan.
'Collective capitalism' is the overlapping of the above mentioned systems. It not only focuses on the interests of the business holders but also the working people. Firms carry out their responsibility to take care its workers and workers also show duty and honesty towards the firm as both are in a fair relationship. This strategy seems good as every one is benefited. But long hours of working and highly disciplined life is also a problem as it makes a man a robot and work becomes the sole purpose of living.
'Enterprise capitalism' mainly focuses on the benefits of the holder of the businesses. It is attractive as it gives a great opportunity for new ventures and promotes entrepreneurship. Due to market competition, every one strives well to keep themselves in demand. New ideas and opportunities emerge day by day. However, trade unions have a very weak role in this system. The gap between poorer and the richer increases and only those can survive who can fit themselves in this system.
The nexus of 'social capitalism' is the welfare of the working class. Here laborers are well paid and focused as they are in majority. The gap between richer and poorer is narrow here as everyone gets what he/she deserves. Long term benefit occurs due to this strategy and welfare programs cater the needs of the working class. However this is not a flexible system and decisions usually take long time to formulate and implement as every single person have to be accommodated in the plan.
'Collective capitalism' is the overlapping of the above mentioned systems. It not only focuses on the interests of the business holders but also the working people. Firms carry out their responsibility to take care its workers and workers also show duty and honesty towards the firm as both are in a fair relationship. This strategy seems good as every one is benefited. But long hours of working and highly disciplined life is also a problem as it makes a man a robot and work becomes the sole purpose of living.
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