( BPMN 3123 ) DEBATE YOU AGREE THAT CAPITALISM IS DOING MORE HARM THAN GOOD TO SOCIETY) - OPPONENT- Prepared by :
1. LAVENYAA A/P THARMAMURTHY
236269 2. SITI NABILAH BINTI MOHD NAZAM 233994 https://www.youtube.com/watch?v=B3u 4EFTwprM COUNTER ARGUMENT MONOPOLY Monopoly power can be controlled through several ways including, price control and prohibiting mergers.
Governments syndications to secure the interest of
consumers.
Direct syndications through price capping, yardstick
competition and keeping the development of monopoly power in control.
Regulators can inspect the quality of the service
delivered by the monopoly. CONOMIC FREEDOM Capitalism's ability topromote economic growth Free market control production and price, and allocate resources Increase in global GDP over time coincides with the emergence of themodern world capitalist system Improved standards of living , betteravailability of food, housing, clothing, health care Decrease in the number of hours worked per week Decreased participation of children and the elderly in the workforce Offers far more opportunities for individuals to raise their income COUNTER ARGUMENT 2 INEQUALITY Capitalism is unequally isolated wealth while socialism is similarly separated neediness." socialism might be more equivalent, however that is not a superior result when everybody is poor. It is better that there be some imbalance under Capitalism, when everybody is more well off and prosperous. Capitalism and Efficiency -incentives to be efficient and produce goods which are in demand. -These incentives create the pressures to cut costs and avoid waste. -Capitalism gives individuals what they really need. -Capitalism tends to put the most qualified individuals in control.