“Capitalism is characterized by economic motivation through profit, the determination of prices and wages primarily through supply and demand, and the absence of government intervention in the economy.” (Moony 2017). Capitalism emphasizes individualistic pursuit of profit and individual freedom. Critics of capitalism focus on a number of social ills associated to this economic system, including high levels of inequality; economic instability; job insecurity; pollution and depletion of natural resources; and corporate dominance of media, culture, and politics. (Mooney 2017).
Capitalism is also criticized as disregarding the principles of democracy by allowing private wealth to disturb access to political power, private owners of property to
Capitalism is also criticized as disregarding the principles of democracy by allowing private wealth to disturb access to political power, private owners of property to