Validity of Current Critiques of Capitalism

Comparative Political Economy Discussion
Student’s Name
Institution
Professor
Unit Name & Number
Date of Submission
Comparative Political Economy Discussion
Capitalism is a continuously evolving process that will eventually halt owing to fundamental disputes, and socialism will take its place. Several criticisms have been laid out since the dawn of industrialization, but we shall major on the unpredictability of growth, quality of growth, and equity.
Growth’s unpredictability
 Capitalism is marked by intrinsic instability, which has afflicted it since the dawn of the industry. Profit projections drive capitalist expansion, which varies with technological changes or societal prospects for accumulating capital CITATION Kar67 \l 1033 (Marx, 1867). As possibilities arise, capitalists rush in to seize them, bearing with it the classic characteristics of a boom CITATION Pet20 \l 1033 (Boettk & Heilbroner, 2020). Consequently, growth’s mechanisms tend to concentrate resources into larger companies.
Growth’s Quality
The manufacturing processes of many commodities create negative externalities and positive externalities, for example, poisonous emissions or unsafe work environment, as well as valuable products, as is the nature of a vast industrial civilization CITATION Pet20 \l 1033 (Boettk & Heilbroner, 2020). However, one may argue that market expansion...