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Why is capitalism experiencing a crisis
Define capitalism. Why is capitalism experiencing a crisis of epic proportions
in the Western financial world?
Capitalism is a form of economic system that encourages private ownership of means of production or where the economy is privately controlled. Owners of capital are driven by private motive. Due to the excessive profit motive, sometimes capitalism has been accused of being exploitative (Mielants 4). Course work. Capitalism has largely been blamed for the 2007/2009 financial crisis. The western world accuses the unregulated market as the cause for the financial crisis. They argue that it is the insatiable greed by capitalist that brought their economy to near collapse. Course work.
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