Topic > Essay on Two Sides of Capitalism - 1274

The other side of capitalism is how people can take advantage of and use exploits in the capitalist market to abuse consumers. In most cases, capitalism benefits the majority of people. Economic expansion and efficient production are better for everyone, producers and consumers. However, since there is no government intervention, some people can abuse the capitalist system. One disadvantage of capitalism is that monopoly can come to power. As private businesses gain power in a market, they can use their power and command higher prices. For example, if a company produces a unique, high-demand product, it can abuse the fact that it is the sole supplier and change as much as it wants for its own personal profit. Clearly, this is not moral; abusing power to screw over the majority of lower-middle class consumers because of an exploit in the capitalist system is good for the company, but it's unfair to the rest of society. “People tend to take for granted the desirability and moral legitimacy of the political and economic system within which they live” (Shaw). While this is unfair, it is morally defensible because this will cause the economic pie to get bigger. By expanding the overall size of the pie, the shared proportions are the same, but the result is larger overall