Pros and Cons of Capitalism

Is there a better way?

Is there something better than capitalism? Capitalism has led to abudance, but is that abundance getting to everyone? Is there a better way to redistribute wealth? Listen to an analysis of the pros and cons of the world’s most dominant economic system.

00:00 - 03:21 Pro #1: Economic Growth and Alleviation from Poverty
03:22 - 06:42 Con #1: Extreme Wealth Inequality
06:43 - 08:33 Pro #2: Innovation
08:34 - 12:48 Con #2: Boom and Bust Cycles
12:49 - 13:48 Pro #3: More Choices and Varieties for Goods and Services
13:49 - 16:20 Con #3: Everything Is Commodified Including YOU
16:21 - 18:37 Pro #4: Social Mobility
18:38 - 21:34 Con #4: Waste and Pollution
21:35 - 24:27 Pro #5: Convenience
24:28 - 30:23 Con #5: Less Meaning In Your Work and Longer Working Hours
30:24 - 36:00 Con #6: Encourages Selfishness and Greed