Late-Stage capitalism and its negative effects
Capitalism is the main economic system around the world, with only 3 countries being the exception. It is a system that promotes innovation and competition, but only in its early to mid stages. To understand what I mean by "Late-stage Capitalism", let's look at the earlier stages. When Capitalism overtakes Socialism in a particular country as happened in many countries in the past century, you have many small startup businesses that compete with each other. These same businesses, because they're small, have a high customer satisfaction focus, as well as a focus on product quality. They are also quick to respond to customer requests and complaints, as their processes are agile, and there's not a lot of bureaucracy or heavy processes to make things difficult for their customers. They also treat their employees well, which means the employees are happy to contribute their time and effort and are excited about the company succeeding. Some may even offer performance ...