Is capitalism good or bad?Is capitalism good or bad?

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litteacher8's profile pic

litteacher8 | High School Teacher | (Level 3) Distinguished Educator

Posted on

Capitalism is not inherently good or evil. The problem with capitalism is that it encourages people to focus on making a choice based on getting the most money. This is not necessarily the best human choice, and usually it involves exploitation of people.
pohnpei397's profile pic

pohnpei397 | College Teacher | (Level 3) Distinguished Educator

Posted on

Capitalism is both good and bad but I would argue that the good outweighs the bad.

The bad part about capitalism is that it allows some people to be very rich and some to be very poor.  In this way, it can be very unfair to some people.

However, there are so many good things about capitalism.  Let's look at two of the most important of these.  First, it allows people to choose.  It lets us choose what to do with our lives rather than having the government tell us.  Second, it allows us to have the most possible goods at the lowest possible prices.  By allowing people to make profit if they can, it encourages people and businesses to work hard to make the things that we want.

While capitalism does hurt some people, it allows more freedom to most people and it makes it possible for more people to have more material goods than any other system does.

ibrahim1989's profile pic

ibrahim1989 | Student, Grade 9 | eNotes Newbie

Posted on

thank you very much for the answer, but does that mean that capitalism system only has one disadvantage

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