Capitalism is an economic system most countries are now practicing
most especially in the western society. Whenever we are in group
discussing and debating upon socioeconomic ideologies that are best for
any nation to operate on, it can be very easy to make mention of
capitalism because we feel it gives opportunities to individuals of any
society to own investments and properties which they would strictly and single-handedly
oversee and manage without any external influence or government
intervention.
We feel this system is better because it gives
room for economic development and may be the best panacea to any
national insecurities. This socioeconomic ideology without doubt we may
say is actually the best any nation can practice. But there are still
some dark sides about capitalism that is yet to be resolved. Problems
that one could say were actually the main reasons why any societies
would like to practice capitalism in the first place.
Please
for the sake of learning and understanding, we would love to hear your
comments and contributions in the comments section below!
It is yet to bring Equality to the society
One
could assume that one of the main reasons why a nation should practice
capitalism is to make every individual rich if only everyone is willing
to work hard enough. But it seems such a dream is highly unlikely and
may never materialize when you consider some factors. If you observe,
you would realize that for one to make money, he/she needs to get that
money from someone else either through selling goods, rendering services,
taxation or other means. In other words it means for anyone to become
rich he/she need to get that money from the poor and those in need. If
this is the case, how would capitalism ever bring equality to
individuals in the society?
It is yet to discourage waste of resources
No
one can doubt the fact that when one have anything in excess, wastage
is inevitable. We all know that in a capitalist society there is always
an uneven distribution of resources. The disparity in distribution will
often lead to some people having in excess while others not having
enough. This actually means that those having superfluous resources may
end up wasting most of it whereas there are others who don't even have
much.
It is yet to solve hunger in the society
There
is enough food to feed everybody in the world but only a few can access
to feed adequately -this is actually a fact no one can doubt. Since in
capitalism there is always an uneven distribution of resources, there
will always be those who will have food in excess while there will be
those who have little or nothing at all. Those that have food in excess
may end up feeding and wasting the rest while those who don't have much
keep starving.
It is yet to represent the interest of the weak
The big question now is; If this economic system is actually the best for any nation, why then it is yet to solve problems it was meant to solve?
