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10-08-2015, 23:33

PROBLEMS OF CAPITALISM

These problems are by no means limited to the developing world. After a generation of rapid growth, most of the capitalist states in Europe and North America began in the late 1980s to suffer through a general slowdown in economic performance. This slowdown has in turn given rise to a number of related problems, several with serious social and political implications. These problems include an increase in the level of unemployment; government belt-tightening policies to reduce social services and welfare and retirement benefits; and in many countries, an accompanying growth in popular resentment against mi- nority groups or recent immigrants, who are seen as responsible for deteriorating economic prospects.

 

 

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