How capitalism has generated staggering material prosperity

 

Briefly explain how capitalism has generated staggering material prosperity at a scale never before seen in human history. Finally, consider that while technological innovation is an essential part of capitalism, it also takes away people’s jobs. Some of the people who lose their jobs to technology were not ready for retirement, but may be too old to start a new career. Do you think the government (or the person’s previous employer) should support these people, and if so, how much? Which of the systems discussed above would most agree with your view on this matter?

 

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