is capitalism fair?

Expert Solution

Capitalism is fair as long as it is regulated, monitored and proactively worked by the government and its authorities. Capitalism means all power centered to the market forces and negligible role of the government. But, it is often observed that without government interventions, capitalism ruins itself with growing market power and big companies driving out smaller firms from the market. It starts exploitation of customers that create demand force. So, imbalance is created when capitalism is left free. Further, capitalism cannot recover itself from the market crisis weather it was 1930s or 2008s. It was the government that intervened and help economy recover.

Though, it does not mean that capitalism has no benefits. Promotion of capitalism, brings investments, encourages firms to innovate and find new ways to create markets. So, people take risk and bring capital only due to the capitalism and economy grows. So, capitalism is fair and should be implemented, but with regulations to control its evil tendencies.

Rahul Sunny answered 1 year ago

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