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Capitalism And Inequality In The United States

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Capitalism and Inequality Why is it that the wealth of the top 1% of Americans seems to be growing while the other 99% struggle to make ends meet, living paycheck to paycheck? Well, this has to do with a variety of reasons, but the one I will be focusing on is capitalism and if it does indeed produce wealth inequalities. There are different forms of capitalism such as turbo capitalism, responsible capitalism, popular capitalism, crony capitalism, advanced capitalism, and state capitalism. Even with all the different forms of capitalism some still say there is no true capitalist country in today’s world; I don’t believe this to be true. Capitalism is more common than we think.
What is capitalism? Well, the “official” definition of capitalism …show more content…
The five most capitalistic countries in the world are Germany, United States, China, India, and Japan. Germany uses capitalism mainly in their education and banking systems. The United States use capitalism mainly in their businesses. These two countries promote entrepreneurship with some government regulation. India uses capitalism because they realize it can help pull them out of poverty and gain economic growth. Japans economy almost collapsed in the 1990’s which lead them to the use of capitalism. After many years, the economy has recovered and they are able to maintain a healthy …show more content…
There are a few different types of capitalism such as turbo capitalism, responsible capitalism, popular capitalism, crony capitalism, advanced capitalism, and state capitalism. There are pros and cons of having a capitalist economy. Some pros include economic freedom, economic growth, and efficiency. Some cons of capitalism are monopolies, economic crashes, social benefits become inured, wealth inequalities, and social division. There are probably more countries that use capitalism than you think. Some of the most popular are, Germany, US, China, India, and Japan. Even though these countries are not complexly capitalist, they still use some qualities of capitalism. As for me, I think capitalism would be fine if they didn’t always have wealth

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