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3 years ago

What is a con of capitalism?

History

2 answers:

Alik [6]3 years ago

8 0

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

leonid [27]3 years ago

4 0

Answer: lacks equality of opportunity and external costs are ignored

Tends to lead to large inequality

Firms can gain monopoly power

Explanation:

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