Wednesday, December 21, 2011

What are the negative effects on the rise of capitalism?

There are some negative effects of the rise of the economic system of capitalism. In a capitalist economy, supply and demand determine many things. The prices of products, the wages of workers, and the availability of products are based on supply and demand. With little or no government regulation, it is possible for a consumer to pay really high prices for important items or for a worker to have to deal with poor working conditions or low pay.


In a capitalist system, it is possible there may not be assistance for those who need help or aid due to circumstances beyond their control or circumstances that are no fault of their own. These people could be left to fend for themselves if there is no involvement by the government or by charitable organizations or individuals.


There are times opponents of the capitalist system point to these flaws as a justification for having a different economic system, often with less individual choice and more government control, imposed upon the people they rule.

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