Generally speaking, capitalism refers to a system of economics or economic sociology. Under this system, most of the means of production are privately owned, and profits are created by wage labor.

First of all, production resources and production tools are private. In this way, the competition among producers is obvious.

Secondly, this kind of competition promotes the further biochemistry of social factors, productivity and production relations. That is, it has brought development. Because the existence of competition means the inevitability of innovation and technological development. This is the biggest advanced factor in the capital society.

What is the development of history?

The development of history depends on the liberation of your productive forces, the structural rigor of production relations and the richness and diversity of production factors.

As far as today is concerned, today's social capitalism is moving towards a welfare society. This is development. The richer the society, the more value it creates and the richer the people. Society will be stable and harmonious.