Sunday, April 15, 2012

Capitalism or Socialism?!? Is it better to have low inequality or high inequality? Which system is more productive with political movements, economic coordination, and overall changes? What are the differences between ideas and philosophy? The main question is which system would an individual prefer to live under and why? Recently US leaders such as the current president have slowly moved the nation toward a socialist system with a health care system to benefit all. Was this a public relations stunt to win voters from middle and poor class Americans? Yes and it will ruin the US health system because it has been build around a capitalist base. In my opinion Socialism is a broken system because it holds equality of every citizen extremely high, but how does a socialist system work well simply steals from oh everyone and redistributed back to cover socialist programs and processes.
            First of all we will start off with the basic differences between the two systems will political movements, economic coordination, overall changes. In this article Capitalism v. Socialism it highlights and explains different political movements within the systems like in capitalism there has been libertarianism and classical liberalism. Next in the economic coordination, capitalism has developed through markets which in this article Capitalism v. Socialism displays that there are free markets and regulated markets that drive the progress of capitalist economies.  Then in the change area of these two systems the way of change in capitalism is explained in this article Capitalism v. Socialism as, Fast change within the system. In theory, the relationship between buyer and seller (the market) is what fuels what is produced.” While in the Socialist change arena change is showed in this article Capitalism v. Socialism as, “Government in a Communist-state is the agent of change rather than any market or desire on the part of consumers. Change by government can be swift or slow, depending on change in ideology or even whim.” Finally in philosophy and ideas capitalism views these two as shown in this article Capitalism v. Socialism as, “Capital (or the "means of production") is owned, operated, and traded for the purpose of generating profits for private owners or shareholders. Emphasis on individual profit rather than on workers or society as a whole. Laissez-faire means to "let do" opposed to government efforts to help poor workers. Not looking out for general welfare. Rather competition, self determination, allowing for creativity, individual profit. Based on consumer desire.” Then in philosophy and ideas socialism views these two as shown in this article Capitalism v. Socialism as, “From each according to his ability, to each according to his contribution. Emphasis on profit being distributed among the society or workforce in addition to receiving a wage. All people should be given an equal beginning. Workers should have most say in their factory's management. Looking out for general welfare. Control of production by ideology rather than consumer desires.”
Which system is it better for an individual to live under well its capitalism because one doesn’t need to sacrifice for everyone and expensive government programs that cut deep into an individual’s paycheck such as under the socialist system. The individual under capitalism only has to worry about middle to low taxes for his state as well as programs he or she wants to support. The main focus is that under capitalism the market, producer, and consumer rule, but under socialism the government rules and determines what is best for everyone.
-Will

2 comments:

  1. I truly believe that the government is not made to run businesses and the economy. The government is not equipped to run a business because the governments first concern is the people and not profit. This may not sound too bad but government run organizations are money pits. Some examples of government organizations which are broke are the U.S. Postal Service, Social Security, Medicare and Medicaid, Fannie May, Freddie Mac, and Cash for Clunkers. EVERY SINGLE ONE of these businesses have lost millions and billions of taxpayer dollars. This is one of the main reasons that Socialism cannot work in a country and group of people. The other reason which is a no brainer is that people lose motivation and feel entitled to things. The Principle of Subsidiarity perfectly describes my views on the economy and government welfare programs. The principle of subsidiarity states, "The higher should not do for the lower, what the lower can do for themselves." This principle encourages hard work and at the same time gives a good idea of who deserves welfare in an economic system.

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  2. http://www.dailypaul.com/208251/professor-fails-entire-class-to-give-a-lession-on-socialism

    This is an article which was circulating through Facebook that gives a perspective on Socialism.

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