The answers are required for my MBA assignment and hence need an eloborate answers. thanq
2007-01-26 21:57:10 · 9 answers · asked by Krishnan S 2 in Politics & Government ➔ Other - Politics & Government
Capitalism only has one major flaw, GREED!
This one flaw is what brings everyone to hate it!
Claims that everyone has an equal chance is a falacy, you only have an equal chance if you were born in the upper 5% of the socio-economic bracket! Capitalism creates its own caste system, with people seldom ever able to move more than 1 or 2 levels out of the 15 that exist! Meaning simply, if you were born rich, you will be rich-if you were born poor that is where you will stay!
2007-01-26 22:43:11 · answer #1 · answered by Anarchy99 7 · 1⤊ 0⤋
Some benefits I believe that stem from capitalism are quality at a cheaper price. As I am sure you know, customers will generally go to the businesses that can produce the best quality at the cheapest price. That is how I shop. In fact, capitalism forces competition. Granted, this is not always the case. Take for example a Rolex. The price of a Rolex is outrageous and it doesn't keep that great of time, at least mine doesn't. But, we don't buy a Rolex for that. We buy name brand items because they are name brands. However, even when we buy name brand items, we usually search the Internet for the cheapest name brand item we can find. I recently purchased an item on eBay that normally sells for $150 new from the manufacturer. However, I got it for $66.00 and it was new, sent straight from the manufacturer. Anyway, I hope this helps.
James
2007-01-26 22:19:58 · answer #2 · answered by wadkinsjames 3 · 0⤊ 1⤋
Provides equal opportunities for everybody to excel in life. Financial freedom, an incentive to work and support the economy, allows individuals to use their skills and talents and it brings out a unique person in everybody. Also, a good capitalist society will take care of those in need and support people that need a chance to find a new job if they lose theirs. Hope this helps.
2007-01-26 22:02:20 · answer #3 · answered by politicsforthefuture 2 · 0⤊ 1⤋
Capitalist economy's greatest strength is that it offers incentive for working hard, in its ideal it supposedly rewards those that work the hardest, you get what you earn
2016-05-24 04:50:56 · answer #4 · answered by ? 4 · 0⤊ 0⤋
Capitalism is good as long as labor is treated as an asset of continuously increasing value.Individual freedom,corporate freedom,quality products and services at competent rates, gender equality,correcting regional imbalances,rapid globalisation and making the world smaller are some of the advantages of capitalism.
2007-01-26 22:07:51 · answer #5 · answered by J.SWAMY I ఇ జ స్వామి 7 · 0⤊ 1⤋
Capitalism is a double edged sword. When powerful guys join hands then it will become like our Indian democracy.
2007-01-26 22:44:07 · answer #6 · answered by liketoaskq 5 · 1⤊ 0⤋
Take a look at the world's largest economies and see how many of them are using market-based economies to grow their commerce.
That ought to be enough. (I can't believe they give out MBAs for this!)
2007-01-26 22:10:30 · answer #7 · answered by Anonymous · 0⤊ 1⤋
success of Coca Cola, Pepsi,Visa, MasterCard,
KFC,McDonald,Levis, Versace, Citibank,etc, etc,etc.....fuelling the growth of innumerable MBA programmes in the adopted third world countries.
2007-01-27 18:15:16 · answer #8 · answered by mcmohan40 4 · 0⤊ 0⤋
The potential of $$$$
Bill Gates wouldn't exist anywhere else, except as a functionary.
2007-01-26 22:05:02 · answer #9 · answered by Anonymous · 0⤊ 1⤋