第10話 The benefits of capitalism outweigh its disadvantages?
Capitalism has been the dominant economic policy around the world for centuries. whether or not the capitalism outweighs the its disadvantgage is hot topic of this debate. I agree with it with three reasons as follows.
Firstly, capitalism can create more innovation and technology which will lead to more influence onto a variety of fileds in the industry. Campanies can invest more money into the technology and create more state-of-the-art products to meet demand from the client. Hopefully, companiest will benefit the more profits.
Secondly, capitalism can create more competitiveness among the companies.
capitalism will lead to the companies to be motivated to increase the profit by creating more cost-efficient products comparing to other competitors. It will lead to the product wealth whole the society.
Lastly, capitalism can create job employment. To develop and produce new technology and products or new service, companies should hire more skilled persons to meet clients more severe demand. So, it will enhance the income for individuals or the total revenue for the famility.
In conclusion, I go to say that capitalism far outweighs the disadvantage with economic growth, increasing the profit and income, and job creation.
I admit that there is some downside, for instance with inequality and exploitation, but totally, People can be happier with capitalism.
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