1 According to critics of capitalism, what does capitalism wrongly assume about

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1 According to critics of capitalism, what does capitalism wrongly assume about human nature? 2 What did Karl Marx mean in saying that capitalism leads to oligopolies? 3 What is the "narrow view" of corporate responsibility? 4What is the "broader view" of corporate responsibility? 5 What do advocates of the broader view think about externalities? 6 Explain one of the consequences in the decline of American manufacturing. 7 In the section of chapter five entitled The Let-Government-Do-It Argument," how does John Kenneth Galbraith respond to Adam Smith's "Invisible Hand" argument? No answer yet. Submit this

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Ans 1 :

According to the critics of capitalism , the capitalism wrongly assumes that all human beings are rational economic maximizers. The theory refers all human beings as individualistic , materialistic , acquistive .

The capitalist's view of human beings do not present the ideal way to which the individuals and socities must aspire to be.

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