How Capitalism Works - How to Succeed in Capitalism by Understanding Capitalist Theory

By understanding capitalist theory, it becomes easy to understand how to succeed in capitalism. To demonstrate how capitalism works, its important to know how free markets work as a guiding principle. The ability for consumers and workers to operate in the free market of capitalism is the underlying reason why capitalism is good for the poor. Capitalism works because it is based in the voluntary exchange of goods/services for other goods and services. More importantly, its why capitalism works better than socialism.

Link to brief by Stanford Center on Poverty and Inequality:
https://inequality.stanford.edu/sites/default/files/media/_media/working_papers/torche_education-intergenerational-transmission.pdf

Why capitalism works and socialism doesn't? There are many reasons why capitalism works better than socialism. Everybody knows supply and demand of goods and services. But to know your worth, its better to understand the supply and demand of workers. When you understand why capitalism works, you are given much more control over how to gain financial freedom in the long term. What it takes to succeed in capitalism is to pursue the field where employers have the most difficulty attaining workers. Capitalism works better than socialism, pure and simple.

Refining Reason Episode 28 - Why am I poor capitalism