Weegy: he auto industry, as much as any, shows some of the defects inherent in capitalism.
First of all, capitalism requires a certain amount of govt. regulation. Too much is as bad as too little, but a certain amount is necessary. [ Capitalism depends on a competitive ‘free market’. But where there is competition there are winners, and once there are clear winners there is no longer competition. This is what happened in the auto industry ... (More)