Capitalism or Socialism?

Sociology
Tutor: None Selected Time limit: 1 Day

Capitalism or Socialism? Which one do you think is more dominant in the U.S. economy today?This is your opportunity to discuss your thoughts and ideas on the American economy today. 

in your own words not off yahoo or answers.com please

May 25th, 2015

Capitalism posits that competition in the free market will maintain a prosperous society. However, we have seen competition breed a huge egotistic sense of self-entitlement, in other words greed. All of the controls, such as anti-monopoly laws, have been unenforced in the interest of the rich getting richer. So we have a society with huge class inequalities.

Socialism is a word frequently used by the very rich to scare us away from maintaining assistance for the truly needy, because they feel like they would be the big losers in such a system. But what would be so bad about each of us having everything we need for survival and good living, then being satisfied? Our capitalistic economy is built on convincing us to buy things we don't need. What if it were based on reward and recognition for creating systems that enhance our connections with each other, that educate all equally, that exert societal pressure on those who act only out of self-interest, that create and sell products with only reasonable and necessary profit, and in which the media is truthful and extols those who are altruistic?


May 25th, 2015

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May 25th, 2015
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May 25th, 2015
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