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expand on the following statement Despite its global influence, American capitalism has also been critiqued for causing economic and social disruptions in various countries. The
expand on the following statement "Despite its global influence, American capitalism has also been critiqued for causing economic and social disruptions in various countries. The aggressive promotion of market liberalization has sometimes led to economic instability and inequality, particularly in developing countries (Smith, 2010). Critics argue that this model often overlooks local economic conditions and social welfare, leading to criticisms of capitalism as prioritizing profits at the expense of broader societal needs (Smith, 2010). American capitalism has undeniably shaped global economic practices, but this influence has been both beneficial and problematic
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