Capitalism Con:
While the success of capitalism is based on this basic human instinct of self-promotion, the line dividing self-promotion from prevarication is thin. Capitalism ends up fostering success for those people who have a tendency to prevaricate and impose their self-interest: an ability that served us well as a specie when we were competing for food and resources in the wild but that could have catastrophic consequences now, given the level of complexity and interconnectedness of our societies.
<u>Short answer-</u>
Capitalism Con:
Prone to cronyism which blocks competition
Answer:
The Crédit Mobilier scandal of 1872-1873 damaged the careers of several Gilded Age politicians. Major stockholders in the Union Pacific Railroad formed a company, the Crédit Mobilier of America, and gave it contracts to build the railroad. They sold or gave shares in this construction to influential congressmen.
Answer:
the romano empire under justinian after the creation of the Byzantine
The indians assumed Hester Prynne was an important person of high dignity. They believed that because of a golden embroidered scarlett letter she wore. That showed how simple the indians were and for that reason the English puritans thought they were ridiculous and savage.
