Problems With Capitalism

An issue with capitalism is competition between business. In a capitalist society, businesses are constantly trying to best one another by using secret new formulas, or new advancements so that they may gain more costumers, and that means more money for them. In many cases, it would benefit rthe people as a whole for these businesses to work together and create a product better than any one could think of or create, but because they are only searching for personal profit, this would not work in a capitalist society.  Competition damages the people because business is only trying to benefit themselves, trying to find the best and cheapest way to create a product that will produce more sales, rather than try to create a product that is more efficient and beneficial to the people.