Question

Do you agree with Hoover's statement that capitalism produces greed?If so,

Answer 1

I agree with Hoover's statement that capitalism produces greed. This is because capitalism pushes the idea that the main, or only, concern of businesses should be maximizing profits. It does not pay enough attention to how these profits are obtained or whether society is damaged in the process. The only way to remedy this is through regulation that limits the range of action of businesses and corporations.

The text "The Roaring Twenties" by Mike Kubic provides evidence of this by showing how President Coolidge failed to passed legislation that would have stopped or diminished the Great Depression. An example of my own experience is how businesses often refuse to raise the salaries of employees, even when these have been working for a long time in the same place. Finally, an example of literature can be seen in The Jungle by Upton Sinclair, in which the author describes the abuses of factories in order to make more profit.