Capitalism v.s. Socialism
For hundreds of years, it has been debated on whether capitalism, or socialism is the better option. Some seem to view socialism as the better route, because it evens out and distributes the wealth. Another words, it abolishes the other two classes and only keeps the middle class. This allows the wealth to be controlled by not only one individual or group, but by the majority. There are many positives to having a communist government, but at the same time there can be negative outlooks. Capitalism is often seen as the better economic choice since capitalist countries are usually more technologically advanced. In a socialist economy the government can disapprove what profession you want to apply for while in capitalism you are free to do what you want, how you want. You can even start up your own business. I would have to say that Capitalism is the best way to run our society. It allows people to make their own business decisions, and keep self-motivated.
Lets take a minute and think for a second. What is something that you like, and are good at? Got it…? Good, now in a capitalist economy you have the chance to excel in that, and if you get good enough at it maybe start a career that revolves around it. Communism would not permit this. What about your favorite brand of clothing? What a selection we have, don’t we! What I’m trying to get at here is that communism allows the creation of privatized companies, and more job opportunities. Whereas in, for example the USSR there might only be one brand that you have to select from, therefore lack of consumer choice, creates complacency. Another example could be our cell phone companies. We have brands such as Apple, Samsung, Nokia, Microsoft, etc.… but LG could be the only option in a socialist society. Another downside to socialism is that it lacks something called the profit motive. The profit motive is a theory based around the fact that people who have the best and most creative...