That's capitalism. To be more specific, those are inevitable effects of capitalism.
That's capitalism. To be more specific, those are inevitable effects of capitalism.
I'm not sure why people have this notion that we can only take the good parts of capitalism and leave out the bad parts. It seems this is what you're suggesting--but how would we do that? Because when you do, you're most likely making the economy _less_ capitalist, and more of a mixed market economy.
Seems that what you call a mixed market economy is exactly what I meant. It worked for a long time for quite a few countries here in Europe, until "free market" was suddenly considered a panacea for everything according to the ones in power. Before we got to the casino-economy of today...
That said, a free market is capitalism at its purest, and in a free market, we'll get sweatshops and the like (which are very sought-after jobs in developing countries).
I guess my point is: semantics matter. If we want to push back against these effects, I think it's important to realize we're actually pushing ourselves away from capitalism and more towards a mixed market economy, which is a good thing in my judgement. But we shouldn't see a mixed market economy and call it capitalism, because they're not the same thing--mixed market economies attempt to mitigate capitalism's negative effects.
I'm always wary whenever anyone says "That's the effect of capitalism", since Karl Marx thought that global socialism was the inevitable effects of capitalism. So which is it? Global socialism or expoiltative labour?