- Position‹2 of 2
Capitalism is bad
Capitalism ignores peoples' needs, results in wealth inequality, and does not promote equal opportunity. Capitalism also encourages mass consumption, is unsustainable, and provides an incentive for business owners to harm the environment for monetary gain. Capitalism is also ineffective and unstable.
Supporting arguments · 5
- Capitalism results in wealth-inequalityCapitalism results in wealth-inequality. The richest in society have more money than they could ever need while other people in the same society are homeless, hungry, and/or living in poverty. This is morally wrong. We should redistribute this wealth to help others.
- Capitalism is harmful to the environmentCapitalism has led to significant environmental degradation. Capitalism encourages mass consumption, is unsustainable, and provides an incentive for business owners to harm the environment for monetary gain. Business owners manipulate people to consume more of their products, which impacts the environment.
- Capitalism is ineffective and unstableCapitalism is ineffective because the formation of monopolies eliminates competition that is essential for capitalism to function properly. Also, corporations being "too big to fail" and economic cycles of booms and busts make capitalism unstable.
- Capitalism ignores social needsThe success of capitalism is entirely contingent on the premise of every citizen being able to work. Capitalism doesn't provide for people that cannot work (the disabled or elderly). It is a system that values profit over the needs of the people.
- Capitalism doesn’t promote equal opportunityCapitalism does not promote equal opportunity. Some people inherit great wealth while others are born into poverty. Limited access to resources and opportunities (such as education, adequate nutrition, and healthcare) from the start limits peoples' ability to move up. Workers lack opportunity because their labor is exploited with companies trying to pay them as little as they can.