Question

What is a con of capitalism?

Answer 1

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.

Short answer-

Capitalism Con:

Prone to cronyism which blocks competition

Answer 2

Answer: lacks equality of opportunity and external costs are ignored

Tends to lead to large inequality

Firms can gain monopoly power

Explanation: