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Unfortunately, this is the beauty and the beast of a capitalistic economy. One the one hand, you have incredible opportunity to achieve success. While on the ot
by darksaga 15y ago
Unfortunately, this is the beauty and the beast of a capitalistic economy. One the one hand, you have incredible opportunity to achieve success. While on the other, you end up with a concentration of wealth and power to a small group of individuals or corporations.
- Astrohacker 15y agoEvery industry in the US is highly regulated. The worsening economy has correlated with more regulations and bigger government. I don't think this is a coincidence. It is the decrease in capitalism due to an expansion of government that is creating our present problems. Capitalism is not the problem. Government is.
- BarkMore 15y agoDon't forget about the bailouts. The wealth conentration in the finance industry would be much lower without the government bailout of AIG and others.