![]() The benefits of capitalism are rarely equitably distributed. In short, capitalism can cause – inequality, market failure, damage to the environment, short-termism, excess materialism and boom and bust economic cycles. However, despite its ubiquity, many economists criticise aspects of capitalism and point out is many flaws and problems. ![]() Proponents argue that capitalism is the most efficient economic system, enabling improved living standards. Capitalism is an economic system based on free markets and limited government intervention.
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