Wednesday, December 18, 2013

Problems With Capitalism

The idea of Capitalism has to do with many things but one main topic is monopolies. Monopolies are huge corporate owned companies that are superior to others. For example,       Coca-Cola or Pepsi would be a monopoly because everyone buys and likes the soda. Microsoft and Apple are other examples of monopolies because people will go out of their way to buy certain brands that are most popular. This is a problem because it excludes a lot of companies. If Apple is a monopoly then Toshiba or Samsung could go out of business because everyone would buy Apple's products. Because of this, companies around the world are going out of business or loosing a significant amount of money. This creates less jobs and unemployes many workers. Without monopolies, everything would be more equal and no one company would have power over the other hard working companies. 

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