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Capitalism Is Better Than Socialism

800 Words4 Pages

Capitalism and socialism have been two of the most argued and debated topics. Many view socialism as the better choice because it evens out the wealth so that not one group of people has more control over the economy, and because socialists tend to pay more heed and take more caution in the careless using up of natural resources. Capitalism can be seen as the better economic choice because capitalist countries are usually much more technologically advanced, and because individuals can make their own business decisions and choose their profession without trouble or disapproval from the government. While both economies have potential for success, capitalism is by far the better option for many reasons. Capitalism allows individuals to make their …show more content…

Capitalism is a social system based on the recognition of individual rights, including property rights, in which all property is privately owned. Capitalism is based on the right to property. Those who believe in this system believe in the theory " if you do something good for me, I will do something good for you.”  Capitalism is the only system that doesn 't deprive the individual of his rights: the right to life, liberty and the pursuit of happiness. People are free to acquire and keep property and live in an ethical way. Capitalism allows progress through the value of work; productiveness is the virtue of creating material values, and in a free market, such a virtue is a necessity to trade. Capitalism is fine in many aspects of society, especially when we are interested in wants as opposed to needs. If one were interested in luxuries Capitalism would be an excellent choice. Capitalism promotes a free market economy, a system that operates independently from the government. Capitalist economic system allows for a business’ success and failure to be determined by the course of events that naturally occur, without government intervention. Socialism is the economic system under which the government owns and administrates the means of production and distribution of goods. Goods and wages are distributed unequally on the basis of the work performed. Socialism is …show more content…

Capitalism is a better economic system because it allows individuals to make their own decisions and to do well because they are self-motivated, it limits the power that a government has, and it helps the country become more technologically advanced and better educated. It is through this that a country becomes successful in trade and business, which leads to better quality of living for its people. If one works hard enough, they can be anything they want to be and do anything they want to do. There are no barriers blocking one’s personal progress to become what they wish

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