Application Paper

Application Paper

Watch”Saving Capitalism” on Netflix. Identify and define an example of a Market Failure or Failure of Market outcome. Discusses the cause and potential roll over Government in correcting/addressing the issue to create a successful market.

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Failed Markets in Saving Capitalism.

According to Reich, failed market is not only a threat to capitalism but development. Although capitalism has always been an American way of life, the scholar notes that current trends pose a potential impediment for the economy. The widening gap between the rich and poor citizens are evident of a broken capitalist system. Furthermore, the scholar indicates that the stringent American public policies remain responsible for the situation.

(301 words)