Is anyone available to look at the images attached and give me any ideas as to what other kinds of examples I could use for the negative impacts of capitalism? I've found that I can't get my point across very well and I would like some more solid pieces of evidence to use.
Social 30 Diploma Source Paper An entirely capitalist economy is immensely unstable and inevitably leads to economic recessions and even economic depressions . Periods of growth will lead to periods of decline A completely free market economy ends in an economic recession not only for the country going through it but it also affects countries that they have relations with There is a huge loss of resources , only for cheap goods to be sold in the market Innovation in capitalism has no value if the supplies being produced are not to the general public's liking If the government intervened into economic affairs . the general public would not have to worry about the possibility o unemployment . a large wage gap between the rich and the poor . or such drastic economic Overproduction plays a large role in the instability of capitalism In the free market . the economy is solely based on the relationship between the workers , the consumers and th business owners . the producers . Ideally . the process of supply and demand will sustain the economy . The business owners creates high revenue and they pay their employees regularly Then they the consumers begin to buy goods and spend their money which then gives the business owners more revenue thus repeating this cycle of income , resulting in a good economy Though factors such as overproduction and oversupply significantly changes this ideology When the economy is going well and businesses are selling out lots of their goods industrialist goods , And tend to produce more than what the consumer can buy . As the consumer's tastes or opinion change the supply of those goods do not decrease With oversupply . prices of the items drop . With the prices of resources used only for cheap goods to be produced will eventually lead to the hall of production The working class . who is responsible for production , gets laid off The loss of jobs then leads to large amounts of unemployment . Lastly . people begin to board money believing that this would create a backup plan in times of need but this is untrue . Money needs to circulate in order for everyone to benefit With the hall of spending and production a vicious cycle of unemployment and no source of income begins . This is where the idea of socialism comes into play . In times of economic disparity aid from the government has been proven to work Fiscal policy is a good example of government intervention The main objective of fiscal policy is to create economic growth . The goverment begins to spend more and cut taxes . By giving consumers the money to buy goods , they will spend more . There is also another method to help the public which is by creating public works projects . By creating a jobs which will requi which will require the labour of many people employment rates will increase Examples of this is Franklin D Roosevelt and his plan of The New Deal While the United States was going through the Great Depression Roosevelt came up with an idea to end the economic suffering of his citizens by creating The New DealAnother factor that contributes to the During the industrial revolution workers were exploited while the rich became richer Machines replaced manual labour and people were only paid a couple dollars a week Capitalism promotes " self - interest " while it really only widens the gap between the minority and majority . With this . people may be taken advantage of Because of the economic inequality industrialists are the ones controlling the means of production This allows for business owners to make decisions on worker's labour giving them the chance to exploit their work Socialism allows for the use of graduated income tax
