Is Capitalism Good For The Society?

[Urvashi]

In Capitalism you are rewarded for innovation and hard work. However, there are people who argue that Capitalism also builds inequality and exploitation. Is the free market the best path to progress, or does it deepen societal divisions? What economic system, if any, could better balance profit and fairness?

 

[cherry123]

Capitalism is good for the Society as it encourages competition and private investment, capitalism can drive economic growth and raise living standards for many people.

 

[Nomad]

There is no perfect economic system that does good to 100 percent population, however, if you want to choose near perfect economy, I think capitalism is good, it offers opportunities for everyone.

 

[Niyi Briggs]

I believe that capitalism is the fairest economic system that rewards people. It is capitalism that has powered the many innovations that we have across many commercial sectors. I always believe that life would have been very mundane if not for capitalism.

 

[Lolita]

Capitalism drives innovation and economic growth, I’ve enjoyed affordable tech and diverse products because of it. Yet, it can widen inequality and exploit workers, so without regulation, society risks prioritizing profit over fairness and collective well-being.

 

[Nomad]

One major issues is exploitation of lower level workers and staff. There is a huge pay gap between how much a CEO earns and how much a clerk earns.