Disadvantages to Capitalism

wealth-gap-2

  1. Proposes little or no solution to persistent poverty
  2. Generates a growing level of income inequality
  3. Fails to pay a living wage to billions of workers
  4. Not enough human jobs in the face of growing automation
  5. Doesn’t charge businesses with the full social costs of their activities
  6. Exploits the environment and natural resources in the absence of regulation
  7. Creates business cycles and economic instability
  8. Emphasizes individualism and self-interest at the expense of community and the commons
  9. Encourages high consumer debt and leads to a growing financially-driven rather than producer-driven economy
  10. Lets politicians and business interests collaborate to subvert the economic interests of the majority of citizens
  11. Favors short-run profit planning over long-run investment planning
  12. Should have regulations regarding product quality, safety, truth in advertising, and anti-competitive behavior
  13. Tends to focus narrowly on GDP growth
  14. Needs to bring social values and happiness into the market equation.

http://fixcapitalism.com/the-14-points/

 

https://hbr.org/2011/01/how-to-fix-capitalism

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