privately owned, which will later question the systems of the two countries. The basis of capitalism is individuals' rights, the only political/economic system based on such. Thus, capitalism recognizes that each person is the owner of his/her life and has the right to live in any manner he/she sees fit, as long as a violation of others' rights does not occur (ocf.berkeley). Stemming from the idea of the individual is capitalism's nature of social harmony, which comes through the pursuit of self-interest. The spirit of this idea states that when an individual is in pursuit of his/her economic self-interest will simultaneously benefit those of all others. Individuals, unrestricted by governmental regulations, can act to cause wealth to be created most efficiently, which in turn raises the standard of living, increases economic opportunities, and generates an ever-growing supply of products for all consumers. Free-market is premised by people creating wealth for themselves, in turn creating wealth and opportunities for everyone else. This is often seen as the "rich get richer, and the poor get poorer," however, capitalism is serving for all, not just the capitalists. Although it is believed by many to be the opposite, capitalism is not meant to exploit the majority of the population for a small part of the wealthiest capitalists. That would be socialism. The fundamental difference between capitalism and socialism is that those who live under a socialist ruler are living to promote the economic situation of the state. Economically, people work in a labor monopoly, having only minimal subsistence and provided with just enough to prevent revolt or riot. All is given for the betterment of the ruler or the state (wsws.org and ocf.berkeley).
             As every political system, capitalism is the expression of an underlying philosophy. It is completely based on a view that people are competent to deal with everyday iss
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