There are bad sides to every situation and capitalism isn’t an exception. Capitalism can make the rich get richer which prevents the poor from gaining the money that the rich are taking, but it can influence people to get ahead and rise above poverty. For instance, capitalism creates situations where government decisions are swayed by the wealthy and large businesses since they help fund election campaigns. This is definitely true with the popular debate about Net Neutrality. Large companies like Verizon will benefit from getting rid of Net Neutrality because they will be able to charge people in order to allow them to access to things on the internet faster. On the flip side, there will be “serious consequences for smaller or more diverse web services that will no longer be protected from providers either slowing their traffic or pricing them out of the market altogether” (Bell, “Why we Should be Wary of Ending Net Neutrality”). This is a prime example of how capitalism can go bad by having the wealthy take away the money of the less wealthy through capitalism. Of course, it has undoubtedly helped reduce poverty in other countries who had previously terrible economies, but Capitalism isn’t a perfect
There are bad sides to every situation and capitalism isn’t an exception. Capitalism can make the rich get richer which prevents the poor from gaining the money that the rich are taking, but it can influence people to get ahead and rise above poverty. For instance, capitalism creates situations where government decisions are swayed by the wealthy and large businesses since they help fund election campaigns. This is definitely true with the popular debate about Net Neutrality. Large companies like Verizon will benefit from getting rid of Net Neutrality because they will be able to charge people in order to allow them to access to things on the internet faster. On the flip side, there will be “serious consequences for smaller or more diverse web services that will no longer be protected from providers either slowing their traffic or pricing them out of the market altogether” (Bell, “Why we Should be Wary of Ending Net Neutrality”). This is a prime example of how capitalism can go bad by having the wealthy take away the money of the less wealthy through capitalism. Of course, it has undoubtedly helped reduce poverty in other countries who had previously terrible economies, but Capitalism isn’t a perfect