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Disadvantages of Capitalism.

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  • Essay length: 8197 words
  • Submitted: 17/02/2004
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AS and A Level International History, 1945-1991

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Disadvantages of Capitalism

As discussed in the advantages of Capitalism the consumer has all the power in the economy. However individuals purchasing power is drastically unequal because of the inequality of wealth within the economy. This is due to the fact that some people will always be able to work harder, be more innovative and be more talented than others, and therefore be more profitable and promote themselves higher in the economy whilst others will fail.

Because of the inequality of wealth in a truly Capitalist society with no Government welfare great poverty will occur. This will lead to homelessness, slums, disease, etc. Forced migration will also increase these problems in large cities and towns. The people who cannot make any money in the countryside will move to the towns and cities with the belief of finding work and making money. In reality they will just add to the ever growing population of the poor classes.

In a Capitalist society the rich get richer and the poor stay poor. In the end this will lead to great unrest and low morale in the society.

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