Drawbacks of Capitalism encourages incredible risk-taking (boom or bust) encourages incredible risk-taking (boom or bust) emphasis on results often leads governmental leaders to enact laws that have short-term economic benefits (& potential long-term consequences are not factored very heavily) emphasis on results often leads governmental leaders to enact laws that have short-term economic benefits (& potential long-term consequences are not factored very heavily) encouragement of class system leads to a rich people are good & poor people are bad mindset encouragement of class system leads to a rich people are good & poor people are bad mindset

Drawbacks of Capitalism the playing field is really not level – even from the beginning (ex: $ available for prenatal care?) the playing field is really not level – even from the beginning (ex: $ available for prenatal care?) emphasis on profit means that other valuable & intangible benefits are not as valued (ex: personal satisfaction derived from work) (ex: how much $ is a clean environment worth?) emphasis on profit means that other valuable & intangible benefits are not as valued (ex: personal satisfaction derived from work) (ex: how much $ is a clean environment worth?) emphasis on competition leads some people to become desperate / greedy & cheat / break laws emphasis on competition leads some people to become desperate / greedy & cheat / break laws

Drawbacks of Capitalism sometimes the entire economy takes a hit & a huge percentage of the people suffer (ex: Great Depression) sometimes the entire economy takes a hit & a huge percentage of the people suffer (ex: Great Depression) causes incredible controversy (ex: does lowering taxes on the wealthy stimulate the economy, or increase the gap between rich & poor people?) causes incredible controversy (ex: does lowering taxes on the wealthy stimulate the economy, or increase the gap between rich & poor people?) emphasis on being #1 implies that being #2 or #3 is failure (ex: US commentators at the Olympics saying that silver & bronze medalists had disappointing performances) emphasis on being #1 implies that being #2 or #3 is failure (ex: US commentators at the Olympics saying that silver & bronze medalists had disappointing performances)

Drawbacks of Capitalism the need to keep selling products leads to planned obsolescence (making products that are designed to wear out / become out of date) = throwaway culture the need to keep selling products leads to planned obsolescence (making products that are designed to wear out / become out of date) = throwaway culture WHO DOES THIS SOUND LIKE!!!! WHO DOES THIS SOUND LIKE!!!!