Is competition necessary for capitalism?

Competition is the other vital attribute of a capitalist system. Private businesses compete to provide consumers with goods and services that are better, faster and cheaper.

What makes capitalism unfair?

Critics argue that capitalism is associated with the unfair distribution of wealth and power; a tendency toward market monopoly or oligopoly (and government by oligarchy); imperialism, counter-revolutionary wars and various forms of economic and cultural exploitation; repression of workers and trade unionists and …

Does capitalism reward winners and punish losers?

Capitalist hardliners say that “the winners are those who are honest, industrious, thoughtful, prudent, frugal, responsible, disciplined and efficient. The losers are those who are shiftless, lazy, imprudent, extravagant, negligent, impractical and inefficient.” This is followed by the assumption that capitalism rewards winners and punishes losers.

What happens if we ignore the losers of capitalism in democracy?

This can already be seen in the poor economic growth. Since year 2000 the average GDP \% has been a lackluster 1.8\%. Ignoring the losers of capitalism in a Democracy can be problematic and cause a backlash in the economy.

Do the “losers” now have the votes?

This possibility should strike fear into the hearts of free market capitalists because the middle class and the “losers” now have the votes. There is nothing more dangerous in society then someone who has nothing left to lose.

Why is everyone else’s income declining?

Almost everybody else’s income has been stagnant or declining. It is not like the entire country is suffering as in the Depression. The middle class knows there has been a tremendous shift in wealth, and they wonder why they have to sacrifice and learn to live on less, while the wealthy accumulate more gold then they can carry.