Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

What do liberals have against capitalism?

When did liberals decide that free enterprise and private businesses create recessions, unemployment, and raise the misery index? But that the GOVERNMENT creates jobs and prosperity?

13 Answers

Relevance
  • 6 years ago

    For me it's two reasons, but let me just preface this statement by saying that capitalism has been the greatest system since the rise of the 1st human empire to have the potential to create upward mobility and lift people out of poverty based on their hard work and earning potential.

    That being said, humanity has a darker side and the greed that comes with capitalism has left a path of destruction in its wake.

    Also, ask any economist and they will tell you that we have yet to ever have true "free trade", because plutocrats always have an uncontrollable urge to manipulate and corrupt free trade and bend it to their will. Capitolism will always bring out the worse in humans. No mans an island or lives in a bubble. No matter the good intentions, greed will always get in the way.

    Additionally, look at how long and all the problems that's come from America being addicted to fossil fuels. If we would dare to focus on advancing technology, we can move the world towards a better system.

    Source(s): :)
  • Anonymous
    6 years ago

    ===Straw Man Alert====

    Bogus Argument: Liberals hate capitalism

    Real Argument: Liberals understand that capitalism is the most effective economic structure for the market for most goods and services. Liberals realize that capitalism has unparalleled inefficiencies and can often come up with the best price for any good or service. Most liberals happily work and live and make use of capitalistic markets all day long..

    But liberals also understand that capitalism has some weaknesses. The inability to properly charge for negative externalities such as pollution, the ability to equitably distribute goods or services needed in order to be a free citizen, such as healthcare and education. And the ability to ensure the safety of food and consumer products and to achieve safe working conditions for workers. In those cases regulation is needed.

  • 6 years ago

    I'm a liberal and I have nothing against capitalism. My investments are doing quite well.

    Also, the three wealthiest people in this country are liberals and capitalists. Your characterization is overly broad. You might want to rework this question.

  • 6 years ago

    If you weren't braindead, you'd be able to understand.

    Adam Smith himself argued against completely unbirdled, unregulated capitalism.

    Since we, unlike conservatives, aren't brainless, sub-human monstrosities, we -- and all HUMANS, including moderates -- agree that we shouldn't allow the wealthy to do ANYTHING they want, including stealing everyone's money, wrecking the economy, and destroying the environment.

    But that's all too complex for a brainless freak to understand, wasn't it?

    Edit? When we had the greatest prosperity, and the biggest most thriving middle class, it was when the country was governed on LIBERAL principles.

    Conservatives destroyed all that.

  • How do you think about the answers? You can sign in to vote the answer.
  • ?
    Lv 6
    6 years ago

    Capitalism lives in chaos. That's why the perception is always that capitalism is self-sustaining. It creates the chaos in the economy and then seems to survive by creating another chaotic cycle. It's boom-bust and it's one of the fundamental aspects of capitalism as a working economic form of governance. You can theorize all you want, "well in "true, really, real" capitalism, blah, blah, blah," but this is the working order of every single capitalist government on the planet. This is how capitalism works, right here. Its fundamental aspects are to lead an economy into extreme wealth inequality and into dangerous cycles of boom and bust.

    It's funny to me when conservatives discuss free enterprise with all the luster of a teenage girl speaking on her crush in Teen Beat. When in the sixties you had all of the reformist socialist regimes popping up throughout Latin America and Eastern Europe you had a justification on the part of the reformists claiming that the failings of socialism weren't failings of the ideology itself, but of contingencies therein that had yet to be fixed. Then capitalism economists laughed at this notion, roundly dismissing socialism as an inherently flawed economic theory and form of governance. Now capitalist economists look at the failures of the U.S. economy and claim the fault at the heart is all of the contingencies therein not yet fixed, it's certainly not the fault of capitalism itself as a theory and economic form of governance...

    It's comical.

  • Mike S
    Lv 6
    6 years ago

    It's unregulated capitalism that I'm opposed to, & the capture of government by business interests who are multinational by nature so patriotism means little by the end of the quarter, millionaires who enter government to become a higher paid lobbyist at the end of their cycle & generally being raped by mercantile cartels & monopolies who've captured the market.

    In a recent survey of for profit hospital chains, it was discovered that they generally charged over 1000% for the same procedures as what was charged by Medicaid.

    Etc.

    I could go on, but you sound like a believer, & I haven't the time to argue about belief systems.

  • 6 years ago

    Liberals are against tyranny- Capitalism is wealthocracy.

  • 6 years ago

    Largest wealth gap in the history of the nation.

    Most drastic economic downturn since the Great Depression.

    That is what I have against unregulated Capitalism.

  • Edward
    Lv 7
    6 years ago

    Big government is a liberals second mother an we can't insult MOM.

  • 6 years ago

    Youngstown, Ohio.

Still have questions? Get your answers by asking now.