Question

Critics of capitalism pointed to an trait of capitalism that they saw as a big problem what was their main problem with capitalism? What was their main problem with capitalism? Has this problem gotten better or worse over the years?

Answer 1

The critique of capitalism refers to views and theories that criticize the economic order that spreads with industrialization, which is based on private property, market economy, capital accumulation, dependent wage labor and the individual pursuit of profit, either in principle or in individual aspects.

Hardly different from capitalism itself, the history of criticism of capitalism dates back to the 19th century. The criticism is expressed in individual elements of capitalism such as money and interest management, private ownership of means of production and maximization of profit as well as the consequences attributed to them such as exploitation and impoverishment of the working class.

Practical criticism of capitalism can manifest itself in the establishment of cooperatively organized companies and banks or alternative economic sectors as well as in the partial or full takeover of individual economic segments by actors who pursue less individual pursuit of profit than tasks and goals oriented towards the common good.