Let's face facts. As long as Capitalism exists, there will always be people who will be rich and those that are too poor.
Take for example, the game of Monopoly. The goal of the game is to make more money and make your enemies poor. After the game is won, everything goes back in the box. Is it really worth it?
Capitalist societies also tend to have more crime than Communist countries, (no, it's not because of the threat of getting shot) because everyone in Communism is required to work and everyone earns a living. This means there are no poor people, and since most crimes are resulted by poverty, then crime is reduced. Also people are not too rich, which means reductions in organized crime.
Take for example, when China turned Communist to Capitalist, the crime rates increased and there have been mobs.
Now then, lets also take into consideration the rich companies and banks. It's no secret that these monopolies buy there politicians and fund there campaigns. After all, a politician can't really fund himself. They also make profits off of people from other countries using cheap manual labor. These people don't earn enough and are often earning slave wages, and that is a terrible thing.
Also as long as there are big rich companies in capitalism, they will tend to find a way to may money off your problems. For example, it is because of the oil companies that we don't have solar powered cars, because they buy patents to such things and keep everyone else from getting a free source energy.
Yes, there are many flaws with Capitalism. I will admit that Capitalism does provide a better standard of living for the people, and possibly better education, but the cost is not worth it. Capitalism is an illusion of corporate greed, and the sad thing is that we are slaves to the system.
I don't approve of Communism or Socialism either, the truth is that every system is flawed.
Because history and current events prove it is wrong and we are educated and informed. Regulations came into being because so many bad businesses were doing so many evil things to destroy other companies. Same thing with the anti-monopoly laws. Same reason unions came into being.
The socialist democratic countries in Scandinavia are rated both the happiest (US doesn't even make the top 10) and people feel they have more opportunity than any other country.
And to all the these hardcore conservatives/republicans and capitalist
Try taking a history class.
Competition doesn't destroy bad business. We aren't in small towns any more. There are hundreds of bad businesses who pump a lot of dollars into politician pockets. They drive out the small businesses, they lie, cheat, steal, and put crap into the marketplace and our environment. Because the competition is destroyed, people have no choice.
Are you really so stupid to think that a small business can compete with a massive corporation like Monsanto, GE, Ford, Walmart, etc? What planet do you live on anyway.
Government agencies that don't work are because the cons keep tying their hands. Like they have done with the post office, putting on absurd restrictions that no company is expected to meet. They did the same with Medicare, forcing them to pay full price for prescriptions instead of negotiating bulk purchase.
Amtrak works well, but is likewise limited because the cons want them to fail.
Unions don't cripple businesses. The union businesses that fail do so because of the greed and poor business practices of the leadership, not the unions. Hostess is fine example. They blame the unions but while they were going through bankruptcy, the top level people tripled their pay, driving the company into the ground. Same kind of stuff with Detroit.
Business has proven itself completely incapable of self-regulation.
How can wage slaves (and the vast majority of us are) be considered "free"?
A business's number one priority is profit. With a few notable exceptions, consumers are but a tertiary concern. Businesses can join together right now for the benefit of an industry, should they so choose.
Regulations save lives. Lack of regulation costs lives. Recently, 29 men were murdered by Massey Mining, but there was zero accountability. Some executive SHOULD have been tried and executed.
Notice how the global economy was sustained by Glass-Steagall, and that it didn't take long for crooked banksters to crash the global economy, using trading strategies that used to be curtailed by Glass-Steagall.
AMTRAK is national infrastructure.
Business are not in the business of helping the consumer, the environment, or their workers. They are in the business of making a profit. Many times that means screwing the consumer, the environment, and their workers. That's why regulation is need to protect us from big business.
Exhibit A: the Gilded Age with its child labor, rivers so polluted they caught on fire, 12+ hour work days, slave wages, dangerous working conditions, freedom to false advertise.
In our capitalist societies, growth is not optional – it is obligatory – but we all know that infinite growth on a finite planet is impossible. Thus our “Business As Usual” paradigm will, at some point, necessarily slow, or come to screeching halt. For the destruction and use of natural resources is unsustainable, and growth not only of wealth but of population is impossible forever.
I personally think it is bad because it leads to greed. In its pure form it just leads to one company taking control over everything. That's why we have laws against monopoly's. The greed comes in when we think about what is important in life. Do you care about the human race? Do you care about a ton of strangers? Well... I care about everyone and this may just be an optimistic view but i want everyone to be happy. I know that at one point Bill Gates made 4 million dollars a day and i think that that is horrible. I don't care what you do in this world but making that much money is absurd. I think that socialism or even communism will be better. I would like to see communism without a dictator.
Capitalism empowers a small section of society, everyone else is persona non grata. The poor cannot stop being poor, no matter how hard they work. There are people who have gone to prestigious universities who are below the poverty line.
The people can build luxury cars, but cannot buy them. Construct houses, but cannot live in them. The poor are forced to work for a pittance, while Corporations lobby and bribe officials to keep it that way. The fact of the matter is, there was no unemployment in the Soviet Union. The SU, while far from perfect, had a far more humane foreign policy than the United States has ever had. A better domestic policy too. Even then, the Soviet Union wasn't even truly Communist, it was barely Social Democrat.
The American Dream is a farce. And the United States is perhaps the worst superpower the world has known. I'd take the SU in 1983 over the USA in 2013 any day of the week, at least I couldn't be homeless, unemployed, or allowed to die in a hospital because I can't pay extortionate medical fees. Even "Obamacare" isn't even socialism, it is as capitalist as it gets; forcing people to get insurance. It is one of the greatest tragedies of history that the USA won the Cold War.
The idea of implementing a survival of the fittest style economy might seem great at first. Businesses are forced to constantly improve their product and lower prices. However, too often this results in sacrifices having to be made by the business. Lower standards for environmental impact, less worker rights, lower product quality masked by efficient advertising are just a few examples.
You say that people who have difficulties coping with capitalism just aren't working hard enough or didn't get a good enough education? Capitalism is a race to the top, but there has to be workers on the bottom in order to sustain the top, No matter how hard every person worked, there would still have to be people on the bottom, and it's crude and inhumane to force them to live on the dregs of the bourgeoisie.
No other species needs currency or economics to sustain their lives. Humans lived for millions of years in harmony with nature in small communities where each contributed to the welfare of one another just like many animal & insect species do. Early tribal communities began as self-sustaining extended families. Slavery, whether physically forced or economically compelled is evil & unnatural. Capitalism has brainwashed most Americans into owning nothing; staying constantly in mortgage, credit cards & bank loan debt with no real assets but their labor to sell. But in our modern world we have more laborers than jobs. We'll continue to need less physical laborers. Other species don't spend their lives economically enslaved to others of their own species. Instinctually most species try to protect their habitat. Capitalism encourages humans to destroy their own habitats which now encompass the globe. We need to drastically alter our economic system to one that assure survival of our species & this planet.
There was a time when a person could work hard and have something to show for it. Those times are gone. Now basically everything, including the means to produce are owned by the wealthy. The united states work force is barely more than slaves considering the fact that they can't quit their jobs and wage disparity is unprecedented.
Simply the poor become poorer and the rich get richer. In the game monopoly the winner is rich and everyone else are poor. Capitalism in theory only sounds good and does work for a short period but once the wheels start to roll is when the vehicle begins to come a part.
You people seem to think that each person gets equal opportunity to succeed in a Capitalist society, WHICH IS NOT THE CASE. Take South Africa for example; and its' 'lost generation'. An entire generation was lost (they lost out on an education and most affected by this live a life of poverty to this day) because of something out of their control (Apartheid). Capitalism IS bad because, while constructive competition is good, modern Capitalism has turned into something horrible. Capitalism has come to mean bending rules and exploiting loopholes, buying politicians, hiding money in foreign bank accounts to avoid paying taxes, manipulating securities, sending millions of college students into debilitating debt, and covering business failures with citizens’ money. These activities would not take place if society was different.
Capitalism is great! It provides competition so the consumer gets lower prices.
People's main concern of Capitalism comes from government intervention. Government intervention is bad, not capitalism.
Why are we such in an economic downturn, you ask? The housing bubble busted. This housing bubble was created by the Government! The government has been guaranteeing loans and that's not how it's supposed to work. I'm not saying that people shouldn't have their own house. I'm saying, if you can't afford it, don't buy it! If renting for you is more affordable, then rent! It is YOUR budget!
Another reason is because the Federal Reserve and our monetary system. The only difference between Monopoly money and a US Dollar is your belief that the US Dollar is worth more, literally! They are both printed from thin air. The Fed can print as much as they like, which causes inflation, which causes higher prices. The Federal Reserve has not been checked on by Congress, which is why we need to audit the Federal Reserve! The Federal Reserve is essentially the central bank and is controlled by all the big banks. The same people who control your loans. CONFLICT of INTEREST? YES! More inflation means the longer you have to pay the debt which means more interest for them! THIS IS A PONSY SCHEME. ONLY THE MARKET SHOULD CONTROL OUR MONETARY VALUE AND SUPPLY! What we have is NOT capitalism, but CRONY Capitalism! WAKE UP, PEOPLE!!
There have so far been no alternative economic systems which have worked better. Most successful nations are capitalist. Capitalism takes advantage of human nature and self interest and uses it to create new goods and services. In order to succeed and be happy, you must contribute something good to society that others also value. No other system does all those things as effectively as capitalism.
Freedom is capitalism, we have the power to open markets, when we fail we fail and no one goes down with us,muy when you succeed we triumph and we raise into society. We get a life where we can only keep going up and no one is holding us down.
Would it be fair that everyone earns the same amount of money, but one works harder? No, right? Even if a country would be ruled by communism, there still will be poor and rich. It will always be this way. Therefore it can be said that capitalism is better than communism
This country was founded upon entrepreneurs and to live the American dream. Competition is what this country thrives on. Americans live to compete day to day whether it is in the business world or not. Capitalism is great in many ways. 1 it helps create more jobs and also help keep a steady economy. 2 it provides more competition for big companies so the price falls.
All the arguments against capitalism are either targeted at crony capitalism, facilitated by big government, or against the unchangeable nature of the world and humanity. The rest are just completely nonsensical. People will complain about rich people controlling the government. This is true: men with big pockets will try to take advantage of government for their own ends. However, this can only happen when government is big enough. A small government which only serves to enforce the law and defend national security is less capable of being corrupted. However, powerful government organs, like the IRS and the Fed (un-democratic and unelected) open the door for cronyism, as do powerful elected officials with lots of power. Complaining about inequality is to complain about human nature itself. There will always be inequality as long as two people are left on the planet. However, look at poor people in capitalist countries like the US. They have shoes, clothes, food, water, etc. This standard of poverty is much better than in socialist countries or those who have only begun the process of adopting capitalism. Only countries with strong market economies become wealthy and powerful, as Adam Smith pointed out prophetically long ago.
Most people do not understand capitalism, they think it is greed for those who succeed in life and followed there dreams and have gotten large sums of well deserved money that they view as they got lucky and stole it from others who worked in a different field or sat at home and did nothing who think they deserve money just for being alive. In the exact opposite of thinking capitalism is greedy, it is not! Socialism is a way of life meant for everyone to get paid equal and have equal opportunity, here in the U.S every single citizen has equal opportunity but the fact that most put away is that we wont ever get equal results.
In a class discussion I had last year was a thought that came to me and that was that if we all have to pay the same and get paid the same no matter what we do why do any work at all? That is my main thought of why socialism is a complete failure and corrupt system. Capitalism is basically just the saving of your own money which we all do, but the government joins in and says its bad because they gain at the bottom and get less gain. Capitalism is good socialism is bad!
If our citizens were more moralistic, then the problems of capitalism wouldn't exist. If more rich people practiced less greed and more charity and humility, and if all people had the "Protestant work ethic" that America was founded on, we wouldn't have the problems that face capitalism today. In addition, capitalism forces the rich to consider the needs of the poor; the rich cannot get rich unless everyone else gives them money by buying their products.
It is difficult to defend an entire economic system without any specifics, but here are some responses to the most common arguments against capitalism.
Many people against capitalism argue that it is inherently exploitative, with business owners paying workers as little as possible. While a business certainly wants to pay as little as possible to maximize profit, the fact that other businesses exist prevents this from fully happening. If each business is at an auction, with the worker's labor for one hour worth 10 dollars, it is certainly worth their while to outbid each other, as each makes a profit when they bid, and loses out when they don't. This forces businesses to pay a worker close to their actual worth, maybe ending up paying the worker 9 dollars an hour.
Pretend for a moment that this worker only has one business who wants to pay him in his area, and is offering only a $5 an hour pay. While this is arguably too low, keep in mind that if this is in a capitalist society, nobody is forcing him to say yes. Because of this fact, the worker will only take the job if he believes he is gaining more from working than he is losing from taking the job. This freedom guarantees that all transactions in a capitalist society are mutually beneficial, even if one side is gaining substantially more from a transaction than the other.
While capitalism is not perfect, one must look at the alternatives to make a judgement. One alternative many consider is government regulation. While this sounds like a good alternative, it is important to remember that lobbyists from the big businesses people criticize capitalism for creating have massive influence in the regulations passed, usually hurting small businesses and taxpayers with subsidies and expensive regulations that are easy for big businesses to deal with anyway.
Tl;dr version: transactions in capitalism are voluntary, while most alternatives involve forced government taxes and regulation that usually end up only helping big businesses anyway at the cost of taxpayers and small businesses.
Capitolism is the only system that creates entrepanuers, business owners who have no choice but to concern themselves with the desires of others in order to make profit! It's a liberal, feeling based argument that it's selfish. Their for economic equality, notated how hard you work get as much as joe regular, instead of fairness like conservatives.