The Hidden Side of Capitalism
Done By: Bahaa Takieddine
Lebanese American University
Class: English II
Claim: Capitalism is leading to some adverse effects on the level of countries equality, since it arises to expand the gap between rich & poor and exploiting laborers. I. The gap between rich and poor throughout countries has been a major problem that falls under category of being affected by capitalism. A. Income
1-Reich(2007) argues that inequality led to major difference between rich and poor.
2-In USA, there is the difference in getting medical insurance. B. Foreigners visiting countries
1-Said Arabians investing in Lebanon C. Alienation of skills
1-Monopolizations of companies in some countries
2-Rise of machine usage D. Inheritance
1-Rich stay rich and poor try hard to survive the living standards.
II. The contradiction in capitalism system is shown when rich people try exploiting their own laborers, while increasing their capital A. Labor manipulation
1-Increasing capital of rich on the back of the poor
3- Decreasing number of worker to increase profit B. Exploiting of rich countries on poor countries laborers
1-Chinese, and Asian countries
3- Imbalance relationship between both rich and poor government C. Corruption in Investment 1- Capable of investment in different sectors
III. However, many people believe that capitalism is a great source of incentive for people, and investing projects. Yet it creates an economic gap between rich and poor, leading to inequality.
Conclusion: Capitalism has been a mainstream that affected many sectors, it made a gap between rich and poor, exploited laborers and raised unemployment rate. So can it survive?
Capitalism is leading to some adverse effects on the countries equality, since it arises to expand the gap between rich & poor and exploiting laborers. It is