Inequality of Income
- People focus on themselves.
- To make more money, people put work first.
- Celebrities especially think they are more important than other people.
- Unequal distribution of household or individual income
- Wealth centered in certain families
- Rich get richer, poor stay poor
- Health and Safety Regulations ignored
- Not provide health, education
- Untrained staff
- Ignore externalities
Waste
Poverty
- Resources are not evenly distributed
- Wealthy people buy more food and waste more
- Millions of dollars of food are wasted
- 3rd World Countries struggle while rich do not share
Pollution
- Not enough jobs to help people afford food and shelter
- U.S. Immigrants take any job they can find even if they are not paid much
- Fuels for capitalist industries contribute to global warming
- Capitalists’ profit relies on selling fuels-ignore effects of global warming
- Business tycoons stop funding the government when government pollution-regulating agencies are created.
Disadvantages of Capitalism
- Undemocratic
- Pollution
- Waste
- Anti-Social
- Propaganda
- Poverty
- Inequality of Income
- Danger
Propaganda
- businesses promote new ideas or goods even if they are not useful
By, Elena Attix, Bo Anderson, Will Corroon, and Leo Garonski
- Candidates in elections use to help themselves get more votes
Undemocratic
- television and billboard advertisements
- Only the wealthy and powerful tycoons have a fair say in government decisions, because business tycoons fund political elections.
- The government also obeys what news media tells them to do, in order to get good publicity in the news.
- Even in workplaces around the world, capitalistic systems can be found.
Disadvantages of Capitalism