There are many disadvantages when it comes to capitalism. The first out of many is the dead pheasants insurance, when a company gets paid for the death of an employee. Death is not something to be celebrating or gaining profit from, its something that people take very seriously because someone can lose an important person in their life very close to them. In Michael Moore's movie, Capitalism a Love Story, they talk about a man who died and the company he worked for gained one and a half million dollars due to his death. When the employee dies, the employer gets insurance, so basically an employee is more valuable dead than alive.
Another disadvantage to capitalism is that people do not have the government to protect them, so many people lose their houses, their possessions and their land due to problems within the economy. Capitalism a love story explains how some residents of America were convinced that refinancing, finance something again with a new loan at a lower rate of interest, was the best thing to do, but almost all of those people lost their homes.
A third disadvantage is that everyone is not equal. There are people that have it all and people that have nothing. Homelessness and poverty exists and it is definitely and issue within the society. The people that have nothing have to work all day and earn a very low amount of pay in order to keep a living. The rich and important people take stuff away from the hardworking people. Capitalism is a system of taking and giving, but mostly taking (Michael Moore).
Yet another con is the harm it's doing to society, including children. "Among youth, academics and Hollywood types, it has become fashionable to run down what works. It's hip to say that capitalism oppresses, kills and starves young children and makes people poor" (Chris Goff). This statement proves the inequality and unfair factors of capitalism.
Another disadvantage to capitalism is that people do not have the government to protect them, so many people lose their houses, their possessions and their land due to problems within the economy. Capitalism a love story explains how some residents of America were convinced that refinancing, finance something again with a new loan at a lower rate of interest, was the best thing to do, but almost all of those people lost their homes.
A third disadvantage is that everyone is not equal. There are people that have it all and people that have nothing. Homelessness and poverty exists and it is definitely and issue within the society. The people that have nothing have to work all day and earn a very low amount of pay in order to keep a living. The rich and important people take stuff away from the hardworking people. Capitalism is a system of taking and giving, but mostly taking (Michael Moore).
Yet another con is the harm it's doing to society, including children. "Among youth, academics and Hollywood types, it has become fashionable to run down what works. It's hip to say that capitalism oppresses, kills and starves young children and makes people poor" (Chris Goff). This statement proves the inequality and unfair factors of capitalism.
There are three main disadvantages when it comes to mixed economies. The first one is that the economy tends to lean more towards government control and less towards individual freedom. Sometimes government regulation rules may go too far that they put the company out of business.
Another disadvantage to mixed economies is that the government decides on the tax prices for products. This very often leads to complains about high taxes and peoples unwillingness to pay them. This won't help the economy any more than it needs to be.
The last con of a Mixed economy is that Government agencies typically like to keep track of businesses, their earnings and many other aspects of their business practices. This means that business owners may experience a lot of paperwork and forms to get licenses or to legally operate. This is one of the disadvantages of a mixed economy that is hardest for private businesses, because they often experience the most paperwork.
Another disadvantage to mixed economies is that the government decides on the tax prices for products. This very often leads to complains about high taxes and peoples unwillingness to pay them. This won't help the economy any more than it needs to be.
The last con of a Mixed economy is that Government agencies typically like to keep track of businesses, their earnings and many other aspects of their business practices. This means that business owners may experience a lot of paperwork and forms to get licenses or to legally operate. This is one of the disadvantages of a mixed economy that is hardest for private businesses, because they often experience the most paperwork.