Capitalism Advantages


Capitalism also has its advantages and disadvantages. IN capitalism, there are many good and bad ideas. The wealth isn’t that spread out with the 1% holding most of it, but this is countermanded with there being so much wealthy even the poorer people are more well off. IN gilded age America there was a lot of corruption and civil working laws being breached, or the lack there of laws. This lead to child labour, excessive hours, dangerous working conditions, and awful pay. With 6 days weeks for 12 hours of work a day you made 3 dollars a day if you were lucky where the robber barons became some of the world's first billionaires holding over half the country's wealth and having enough money to bailout the government.