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@9H9T24M3yrs3Y
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The wealth created from capitalism (not necessarily the function of markets) is mostly concentrated in the hands of the elites. Yes, consumers will have access to an influx of products to choose from, but in the USA, it puts citizens in a hamster wheel to grow the economy.
@9J7T84G2yrs2Y
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The wealth generated by capitalism generally benefits society as a whole; when our nation generates more wealth, we have a broader tax base to fund social services and greater influence over other nations. However, the current level of income disparity is a major problem threatening the success of our capitalist economy and our democratic form of government.
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@9H7QSCSRepublican3yrs3Y
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I think that as a idea, the wealth created by capitalism is designed to benefit society. but in reality the people that obtain this wealth hoard it and use it to create more wealth and more wealth and we eventually end up with most of the money in a couple 1000 peoples pockets while the other millions suffer- instead of this wealth being used to benefit anyone but themselves
@9HB5SHG3yrs3Y
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@9H7F6XPIndependent 3yrs3Y
I think capitalism is more efficient at distributing goods, meeting people's needs, adapting to change, and innovating. So it does benefit all people in society. But it's also limited - when it operates in opaque markets (healthcare, defense), when there are anti-consumer incentives (insurance industry), or when the costs of an industry are born by society rather than the companies driving the industry (tragedy of the commons like in the energy sector with carbon emissions), then bad things happen. The governments role should be to identify these sectors where capitalism fails the citizens, and ensure that transparency is mandated, the costs of those industries are fully borne by the private sector, and/or that there are public alternatives to the private options that are aligned with consumer interests.
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Just a selected few. Humans as a whole are too greedy and self centered to help others. There are a few exceptions of course, but they make a small minority of the wealthy. An example that comes to mind is the risk of donating large sums of money to a charity. It is a good cause, yes, but if you donate large amounts of money and then suddenly go bankrupt within the next month, you may regret donating to that charity, and you may even blame that charity as the reason you are broke. It is not a bad thing, being wealthy, it is only a bad thing when you flaunt your money in front of others or belittle others for not being as wealthy as you. But if you are rich and wealthy and humble, constantly conserving and saving your money then it is fine to be greedy and self centered as it is merely self preservation.
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@9H76LZFLibertarian3yrs3Y
Capitalism , lifts people out of poverty as if the rich have more to spend , this drives up investment , investment increases the demand for goods , this will mean if there is more demand, more jobs will be needed in order to keep up with the demand, this will also lower prices as there will be more competition.
@9H7FJFMIndependent3yrs3Y
It depends on the definition of Capitalism. If one simply means the private ownership of the means of production, distribution, and exchange, then I think that the vast majority of Capitalist systems are beneficial towards generating societal wealth as a whole, yet disproportionately benefit the private owners of such at the expense of the workers and society at large who actually generate the value. However if one takes a more expansive definition, where any form of markets are a form of Capitalism, then I would disagree. I would say that a Market Socialist system of some kind would be the best general framework to create a society that both allows for wealth generation on a. societal level, grants individuals independence from corporations, the government, and the community, and will ensure the welfare of everyone within the society.
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@9H7FJFMIndependent3yrs3Y
It depends on the definition of Capitalism. If one simply means the private ownership of the means of production, distribution, and exchange, then I think that the vast majority of Capitalist systems are beneficial towards generating societal wealth as a whole, yet disproportionately benefit the private owners of such at the expense of the workers and society at large who actually generate the value. However if one takes a more expansive definition, where any form of markets are a form of Capitalism, then I would disagree. I would say that a Market Socialist system of some kind would be the best general framework to create a society that both allows for wealth generation on a. societal level, grants individuals independence from corporations, the government, and the community, and will ensure the welfare of everyone within the society.
@9HBCT763yrs3Y
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@92VHLQ8Constitution3yrs3Y
When confined within the borders of a nation, free market capitalism can be a great system.
But unrestrained capitalism on a global scale is very detrimental to the lower and middle classes, and obscenely profitable for the rich. For capitalism to benefit society as a whole, tariffs and protection of domestic industry are a necessity.
@9T89JCL2yrs2Y
I think capitalism is a wonderful device for innovation, we owe so much of our progress to the incentive of money. Without a reward/ risk system no one will choose to risk if there are no rewards. In other words, although capitalism seems to only benefit a select few, those few deserve some rewards for their progress.
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Capitalism is a ladder, rather than a flat surface. On a flat surface, or rather socialism or communism everyone is equal. There is no way to climb higher in society. Everyone remains stagnant, and thus eliminates the need of innovation. On the other hand, capitalism is a ladder with various different levels. Individuals and businesses are able to freely climb this ladder, and through financial decisions rise up or fall down. This risk of opportunity enables competition and progress, and this in turn benefits society further.
@9RXKC4X2yrs2Y
I'd say before the 2010s at least, Capitalism was inherently a good thing, driving innovation and competition between companies, helping boost the middle class and brought the rise of consumerism for everyday Americans. We believed in the American dream and the ability to become or do anything we wanted as long as we had the drive and willpower. Now, corporate greed is at an all time high, inflation is hurting and suffocating the middle class, and cynicism is rampant in this country.
Some aspects of capitalism do indeed spread wealth. However, in recent decades, neoliberal capitalism has prioritized the interests of growth for only the elites, rather than for America as a whole. While I'm not technically opposed to private ownership, the American public should have a stake in our financial system to ensure the nation benefits from newly-gained wealth and prosperity.
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@3K439SHRepublican 2yrs2Y
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