Advantages and Disadvantages of Capitalism

[Heatman]

The disadvantages of capitalism outweighs its advantages. Capitalism doesn't not work in favour of the common man only the elite group. Infact, it saps out the little from the common man.

The common man are the ones that are always been used in this situation and they don't really have a choice because the system has already been set up in a way not to make life easy for them.

 

[jay]

one of the disadvantages of capitalism is that it creates a wide gap between the rich and the poor. You figure out the middle class if you watch it closely. it is easier to become rich with the help of capitalist system.

Seriously I believe that the disadvantages of capitalism is far more bigger than their advantage it brings with because it is only the few people that gets to benefit from its why the higher number of masses suffer from it.

 

[kayode10]

Seriously I believe that the disadvantages of capitalism is far more bigger than their advantage it brings with because it is only the few people that gets to benefit from its why the higher number of masses suffer from it.

I think it is best to have a system that combine both socialist and capitalist idea together like they did in China. China maintain capitalism upfront why did distribute the wealth to everyone with socialist system.

 

[Kunkun]

Although capitalism has been so helpful and set up so many economy, it's when most resources are in the hands of few but the disadvantage is that nothing is distributed equally among the citizen

 

[Heatman]

You are right this is a common problem in Nigeria. The rich simply because he's rich and has people in power instigate them to make policies that favours only him. Would love to name instances but it's best not to

One of the major disadvantages of capitalism is that the capitalist always becomes too arrogant because everything that revolves about money making in the countries centers around them.

 

[jay]

one of the disadvantages of capitalism is that it creates a wide gap between the rich and the poor. You figure out the middle class if you watch it closely. it is easier to become rich with the help of capitalist system.

This is actually the situation of things in my country today because a lot of people who are rich are still getting more rich while the poor people are getting more devastated by the day.

 

[kayode10]

This is actually the situation of things in my country today because a lot of people who are rich are still getting more rich while the poor people are getting more devastated by the day.

The case might be different if it happens that there a lot of middle class in the economy. it is not easy for poor man to become rich without passing through the middle class phase. This is the reason why people are doing all sort of things to become rich like engaging in ritualism.

 

[Heatman]

one of the disadvantages of capitalism is that it creates a wide gap between the rich and the poor. You figure out the middle class if you watch it closely. it is easier to become rich with the help of capitalist system.

The truth of the matter is that it is not today that there has been a very serious gap between the rich and the poor and what's capitalism that was to help it to expand more.

 

[jay]

There is no way you would expect all the people who live in an economy to be all smart in order for them to make money from their business dealing. A capitalist economy favors only few people.

In a capitalist economy there is room for people to earn a lot more than their mates, and also live a more comfortable life.

Generally, I'll consider a Capitalist economy as an economy for the smart ones. For me it's not disadvantagous.

 

[kayode10]

The truth of the matter is that it is not today that there has been a very serious gap between the rich and the poor and what's capitalism that was to help it to expand more.

Few decades ago the gap between the rich and poor is filled by the middle class so we don't really see much of the effect. The situation is quite different now as there are no more middle class in the society. It's harder someone is rich or extremely poor there is no in between.

 

[greenie]

Capitalism has been reason why some countries are impoverished and others developed from such economy. In capitalism the means of production and distribution of goods are in the hands of private individuals, hence everyone seeks to multiply their profits regardless of other people income. It has helped many countries to develop on their own, such as U.S.A as the ideology is better practiced. However, in countries like Nigeria, people are suffering from capitalism, where the rich only get to be richer and the poor become poorer.

 

[Syldan]

Capitalism is an economic system of operation whereby means of production are owned by private or individuals. The advantages is that, it allows market competition and free choice of goods and services which it disadvantages is associated with exploiting of the lower class in terms of production.

 

[jay]

I will set it that the notable disadvantage of capitalism is a fact that the distribution of the wealth mostly goes to a very small percentage leaving the rest to be very poor.

This is actually one of the reason why a lot of friends of mine are not in support of capitalism because it makes those that are rich to always get more rich and leaving the poor masses where they left them.

 

[Syldan]

Capitalism had do many advantages which can not be compare to the disadvantages even though exploitation of the masses is one of it. Capitalism allows for free choice of products without restrictions.

 

[jay]

Wealth can never a proper distribution of wealth in African and thats why we are being govern by the same set of people and family for decade while they rotate the tussle of power between each family and clan , and that's the main reason why poverty has stricken deep between the masses .

This is something that is very true because the way the structure of this country have been for years, I find it very impossible for the gap between the rich and the poor to be adjusted to close proximity.

 

[kayode10]

Capitalism can make it pretty much easier for someone to sort for cheap labour in a place where it is being practice. The reason is that there will be far more poor people in the society than the rich. Such people will be more than ready to take any offer just to survive.

 

[Syldan]

Captain is a form of economic practice where by all means of production and distribution are own by private individuals and these form of economic situation is associated with exploitation.
There are so many advantages of capitalism which may include free market competitions and also freedom of choice by the consumer on the goods the wanted. exploitation of the masses is one of the disadvantages.

 

[Lens]

The economy that is driven by capitalist is supposed to better because its a profit oriented economy and that's basically the economy driven by serious business men.

 

[Setho]

I understand that capitalism offers a system whereby there is a lot of competition because in a parallel market everybody will want to create good product that everybody is going to need at the end of the day . A lot of economic experts still attribute capitalism to a lot of poverty underground

 

[Sincerem]

Capitalism has some really good benefit as it provides to every member of the society a level playing field to be able to start or run your own business or company with little or no government interference. You can actually grow as an entrepreneur and become your own employer of labour which would take off some of the pressure on the government to provide enough jobs for it's citizens.