American Capitalism Disadvantages

Although American capitalism does have disadvantages, they are out weighed by the advantages. These disadvantages are possible monopoly power, pollution, and recession. Monopolies have been seen in US history such as Andrew Carnegie’s Steel Company, and John D. Rockefeller’s Standard Oil Company, but theses companies were of a time before antitrust laws. Antitrust laws regulate the organization and conduct of businesses. These laws regulate monopolies and prevent them from forming or becoming powerful. People can argue that there are still monopolies like Netflix, Google, or Facebook, but these are merely inconveniences rather than societal dangers as they are “wants” not needs. Pollution is also a disadvantage of American capitalism. Pollution