Well first I must say that the U.S. is not truly capitalist and Russia is not truly socialist. U.S. policies such as Welfare and progressive taxes represent socialist influence in a capitalistic society. Russia's economic system is attempting to be a capitalistic one now, and is having trouble.
I guess what I'm saying is you can't be radically one way or the other. Just like politics. I'd have to lean toward capitalism, though. I like being rewarded for hard work, not treated the same regardless of it.
I think it has it's good points and it's bad points. Socialism's "all from the state" properties avoid influence by large corporations on a country's government, when capitalism seem to have more freedom to the workers.
People often see it as simple as "that rich man having so much money is a wast, he can enjoy himself with half as much and the money will do wonders to poor people" but its far from as simple as that. The thing about capitalism is that it encourages people to try harder. By having the ability to become rich and successful, the poor man can work harder in order to be that. If there was no way the poor man could become rich then why would he try so hard to succeed in life? So having the rich man with all the money helps by letting the smaller people keep trying to be like him.
The thing about capitalism is that it encourages people to try harder. By having the ability to become rich and successful, the poor man can work harder in order to be that. If there was no way the poor man could become rich then why would he try so hard to succeed in life?
Except the illusion of becoming rich is just that; an illusion. Do you realize that over 80% of America's wealth is held by the top 10%?
Doesn't matter. By working harder they produce more out of themselves and that's what runs the economy. Some of them actually reach that 105 though. Its not all by being born into the wealth, it can also be achieved by learning harder in school and always going that extra mile.
I am not sure up to this point... Capitalism favors monopoly ("Strong survive" As socialism is for the greater good. Socialism takes away competition, and in the end produces worse product because there is no incentive.... I sit in the middle unsure.
Not exactly because monopoly is in a way against free competition by working to destroy any potential competition. In a free marker, your buisness should not be destroyed by the bigger buisness just because its bigger, but because its better. Monopolys like to destroy opposition by other means.
You should be able to make any choice you want and have free markets, you should also be rewarded for hard work and punished for bad work. I believe welfare, social security, Medicare and medicade should be disbanded cause they put any country that uses them into massive debt such as the USA right now. If your for socialism name a socialist nation that has not fallen apart and thrived with all the things that socialism has promised, or a socialist nation that isn't in massive finical trouble.
GoblinD is right, Monopolies are against free markets, even though it is out of a free market that a monopoly is made. Imagine if all humans had to drink Orange Juice, but Tropicana killed all the other OJ suppliers. Now, Tropicana raises its prices. People are now forced to pay into Tropicana, pay less into other things, and pretty much stagnate the economy as a few people up top get rich, and the idea of ever making a new OJ company is gone. [Well, its there, but not viable as a financial profit] This, in effect, is more against a free market than it is for one.
I believe welfare, social security, Medicare and medicade should be disbanded cause they put any country that uses them into massive debt such as the USA right now.
Well, the Welfare is in the constitution, so that's a little creepy of you to say. The others are necessities that can be paid for by a first world nation. Other countries have proven that. By fixing the common standard of everyone, including the poor, we can hope to better ourselves.
It feels like America is getting closer and closer to a socialism (Because of all the Democrats messing things up), and it's taking a toll on our economy. Of course, there is more risk with capitalism, but there is also more freedom.
I believe welfare, social security, Medicare and medicade should be disbanded cause they put any country that uses them into massive debt such as the USA right now.
Hm let's see... The US has like no free social security, it has no free Medicare, it was barely any welfare. What was the US's debt again? 14.772 trillion?
It feels like America is getting closer and closer to a socialism (Because of all the Democrats messing things up), and it's taking a toll on our economy. Of course, there is more risk with capitalism, but there is also more freedom.
Can't really see how raising a little bit taxes could do anything but help the economy. Btw, most of the US's debt comes from the republicans.
