What are the problems and benefits associated with capitalism?

[ganibade]

Capitalism is way to manage a business without the assistance of government. This can not easy when you don't have some where to get loan Nowadays. It is good to seek for the assistance before capitalize on the business.

 

[Kaffyfolla]

In short, capitalism can cause – inequality, market failure, damage to the environment, short-termism, excess materialism and boom and bust economic cycles.

 

[Heatman]

In a capitalist economy, the rich rules the poor practically so the problem there would always be the gap between the rich and the poor. The rich would want to keep getting richer and the poor would be finding it difficult to be rich.

Personally, in my opinion I believe that greed is one of the biggest challenges that will always face capitalism because those that have the opportunity to utilise their resources are always very greedy to monopolize everything for themselves.

 

[Salimo]

Capitalism enable rich people to become richer and poor situation become worse so they are exploited , and that's against humain rights and justice .

 

[Ghost1]

Capitalism is beneficial in terms of the ability of private businesses in handling and running the businesses successfully without the usual rots and corruption that has destroyed a lot of government owned businesses. Capitalism is problematic in term of increasing the prices of goods and services that they provide to the public.

Capitalism is the worst thing that can happen to a country. The greedy business owner would just simply suck the public dry. It's should never be adopted

 

[Godspower]

Capitalism is the worst thing that can happen to a country. The greedy business owner would just simply suck the public dry. It's should never be adopted

I don't think capitalism is really that bad. Though it is true the rich keeps on getting richer, there is also increase in employment opportunities and expression of business ideas in capitalism.

 

[Ghost1]

I don't think capitalism is really that bad. Though it is true the rich keeps on getting richer, there is also increase in employment opportunities and expression of business ideas in capitalism.

Of course it has its own advantages, and most rich countries are adopting this policies. But then, my country is simply not ready for this. Would promote monopoly and favouritism as government would still want to dabble into the affairs

 

[Godspower]

Of course it has its own advantages, and most rich countries are adopting this policies. But then, my country is simply not ready for this. Would promote monopoly and favouritism as government would still want to dabble into the affairs

I agree with you. That would just cripple everything. Also, do you think socialism would work effectively in our country better than the current mixed economic we are practicing at the moment?

 

[Ghost1]

I agree with you. That would just cripple everything. Also, do you think socialism would work effectively in our country better than the current mixed economic we are practicing at the moment?

It would be good but in the same way it would be bad. The oil rich community would tend to benefit from this but there are communities without natural resources and good ways to generate revenue, this would affect them

 

[Hrtbeat]

One of the problem of capitalism is that the obsessive focus on profits leads to social and economic inequality. The population that controls the means of production tends to accumulate more wealth than the workers who helped to create those riches for the wealthy. Since rich families can pass on their wealth to their heirs, the rich get richer and the workers stay poor.

 

[Psalmseen]

Capitalism is an Economic system whereby the means of production are owned and controlled by private individuals. The benefit is that it makes private individuals to make decisions too in the economy. The disadvantage is that it leads to exploitation of consumers

 

[Godspower]

Capitalism is an Economic system whereby the means of production are owned and controlled by private individuals. The benefit is that it makes private individuals to make decisions too in the economy. The disadvantage is that it leads to exploitation of consumers

This is very true. Capitalism might lead to exploitation of customers since it is a free market and the main aim is profit-making. However, the presence of competition will also help to keep businesses in line because a customer might leave for another business.

 

[Alexandoy]

What's good in capitalism is that people can own a business that they can get rich. The downside is that the gap between the poor and rich will be growing. Now in our country the richest people are very popular simply because they have the big money and most of us are just watching them get rich.

 

[Setho]

Capitalism is of advantage because it can help you to handle some problems especially in the private sector where ordinarily it will not be easy for government to do. It has a disadvantage in the sense that prices of goods can be awfully price.

 

[Syldan]

Capitalism is one of the economic policies which allows free enterprise and private ownership of means of production and distribution. This lead to economic competition and freedom of choice of goods and services.

 

[kayode10]

Financial freedom is possible in a country where capitalism is the system of economy. Capitalism gives you the opportunity to tap into any problem and turn it into money making business and you will make a lot of profit doing these repeatedly.

 

[Good-Person]

In a capitalist economy, the rich rules the poor practically so the problem there would always be the gap between the rich and the poor. The rich would want to keep getting richer and the poor would be finding it difficult to be rich.

I think capitalism mainly benefits big businessmen and monopolists in a country, as I stated before. It does not benefit small businesses much. I am sure that socialism also has its own challenges and there is a lots of competition in socialism economic structure as well. No category of kind of economy is free from competition.

 

[Kaffyfolla]

In short, capitalism can cause – inequality, market failure, damage to the environment, short-termism, excess materialism and boom and bust economic cycles

In a capitalist economy, the rich rules the poor practically so the problem there would always be the gap between the rich and the poor. The rich would want to keep getting richer and the poor would be finding it difficult to be rich.

Yes,
In short, capitalism can cause – inequality, market failure, damage to the environment, short-termism, excess materialism and boom and bust economic cycles

 

[Ononivami1]

Capitalism would give room for efficency and there will be possibly lots of competition and this will go a long way to helping the economy. The price of goods and services may be very high in some cases.

 

[Lens]

The major set back of a capitalized economy is that the price of goods may likely be unnecessarily high. The advantages Is that there will lots of employment because the unemployment rate will be reduced.