Question
1.Capitalism is an economic system based on a division of people into two primary classes: workers and owners. Explain the difference between these two categories
1.Capitalism is an economic system based on a division of people into two primary classes: workers and owners. Explain the difference between these two categories of people and how they relate to one another. How did this class division start? How is it maintained? Why do so few people permanently switch classes?
2. The laws and logic of capitalism are firm and difficult for any individual person to break. But the laws of nature are equally firm and do not change simply because we want them to. Is there a contradiction - or clash - between these two sets of laws and logic? Is capitalism compatible with preserving a healthy environmental base for human and animal life? Or will capitalism inevitably push the climate crisis to deeper and more destructive lengths?
3. It is a widely held belief that capitalism generates innovation. The argument seems simple enough on the surface, but when put to the test, it doesn't hold up very well. Why do people believe that capitalism leads to transformative innovation? Why is that belief inaccurate or, at the very least, incomplete? What forms of technology does capitalism provide and what forms of technology are outside the realm of what makes sense for capitalist businesses to pursue?
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