There has been much discussion of the current economic system in the western world, capitalism. This is mainly because of the growing anti-capitalist movement. However, as the owners of the free media are the wealthy, the anti-capitalist side of the debate has not been fairly covered. This list is not to suggest a viable alternative, although there are many. It is merely to cover the disadvantages of the current system, which have often been ignored by the media and governments. 10
The common capitalist mantra that “anyone can be rich if they work hard enough” is a fallacy. There’s only so much room at the top. In order to make money, first you have to take it from someone else. This can be done through selling things, taxation or any other means. But this means that the rich cannot exist without the poor. Any way you look at it, there’s never going to be equality under capitalism. 9
In a society where resources are not evenly distributed, there is always going to be the wealthy who have an excess of resources. While occasionally these resources are given to the poor, often this excess is wasted. Millions of dollars worth of food is wasted by those who have more than they need, while there are many others who desperately need it. 8
Of course, if some have an excess of the resources in society, there are others who do not have enough. In Third World countries, many are starving because they cannot afford to feed themselves, while those in Western countries fatten themselves with an excess of food, and waste the rest of it. There is enough food in the world to feed the entire world population.
Under a capitalist system, the profit motive is far greater than altruism. If people are worried about what’s in their own pocket, they will avoid helping their fellow human beings because they’re concentrating on looking after themselves. People feel the need to put themselves first because...
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