Capitalism and socialism are somewhat opposing schools of thought ineconomics. The central arguments in the socialism/capitalism debate are about economic equality and the role of government: socialists believe economic inequality is bad for society and the government is responsible for reducing it via programs that benefit the poor. e.g. free public education, free or subsidized healthcare, social security for the elderly, higher taxes on the rich. On the other hand, capitalists believe that government does not use economic resources as efficiently as private enterprise and therefore society is better off with the free market determining economic winners and losers.
The U.S. is widely considered the bastion of capitalism and large parts of Scandinavia and Western Europe are socialist democracies. However, the truth is every developed country has some programs that are socialist.
An extreme form of socialism is communism
Capitalism is better than socialism
People that believe in socialism would say that capitalism is selfish, but it's not. It's completely realistic in the sense that Capitalism- innovation and advancement to increase wealth
definition- an economic system that relies on investment in machines and technology that are used to increase production marketable goods. - Capitalism creates a free market system and provide almost every service. It is meant to keep prices and quality decent. - capitalism when properly regulated does help to keep prices,products,quality and the government in check
- it aims to promote freedom.t if you work hard for your money, you will get a fair amount and you will be rewarded, whereas if you do not work hard, you do not deserve the same amount. Allowing socialism into the world is allowing for people to be lazy and not work as hard as they should be.
Capitalism is better because the government can transfer resources, but can not create opulent people, and the government can not control the economy. While capitalism encourages entrepreneurs, socialism discourages them. Socialism fails because people are not devoted to be assiduous. Because of greed, laziness, and rules and regulations socialism fails. It also fails because there is no equality of talent, intelligent ambition, attitude, skill, wisdom, or judgment to collaborate.
Capitalism is the backbone of our American system.
Socialism is a fundamentally flawed system that is in direct clash with our American ideals. Capitalism helps the economy to grow, rewards people on their successes, and incentivizes individuals to work hard. We need to cut taxes and create a hierarchy where those who want to earn more money have a reasonable pathway to do so.
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