What I Now Think of Capitalism

I now know more about capitalism than it just being a small group of wealthy individuals controlling the free market.  People were able to make themselves into this small, wealthy percentile.  They held multiple advantages over other people, such as owning more land, machinery, workshops, and so forth.  They gained their prestige off of the old concept of accumulating wealth.  Businessmen competed with each other to sell their goods, which caused the effect of supply and demand on the economy.  These businessmen also learned how to take advantage of the conditions of the free market to maximize their wealth.  Capitalism was not a type of economy that was set up by the government for the well-being of the country.  It was caused by the competition of businessmen and is supported by this competition.  Capitalism is also what caused many social changes, such as distinctions in social class based on wealth.