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  • Essay / Similarities between capitalism and capitalism

    However, capitalism appears to exhibit long fluctuations in economic activity, measured by employment and unemployment rates, of much greater magnitude than those detectable in the most corporatist economies. This means that the gains are that they become wealthier and more economically stable. It also allows the system to create more jobs, which incentivizes people to work harder for a chance at being in the upper class. But on the other hand, it also gives them the opportunity to have high unemployment and also brings the level of workers back to poverty. According to Columbia University, "whether these capitalist business sectors offer relatively good job satisfaction and personal growth overall or offer