While communists seeks to completly eliminate capitalists government and support the role of worker in search for equality, socialists seeks to increase public social programs than the private and advocates to reduce class structure instead. Socialists believe that it is not necessary to be in radical way overthrowing capitalist economies. In addition, socialists encourage both government establish and private manufacture, communists believe that all forms of production should come from state and everything belongs to the state. In brief, both communism and socialism have benefits and disadvantages. Neither communism nor socialism is perfect in terms of the form of government or economic system.
Capitalism is an economic-political system where the individual and economic freedom is considered primary compulsion for the country 's development. Unlike other economic systems which eclipses the freedom of the market, it creates an environment for self-regulating market system. The ensuing essay focuses on capitalism as the best economic system. It gives a general idea about other economic systems like socialism, communism and fascism in brief and compares and points out the advantages of capitalism over these systems. The essay casts light upon both the pros and cons of the capitalism but takes a positive position and defends the notion of capitalism as the best economic system with arguments which are supported by suitable facts and figures.
His futuristic ideal society would have solved many faults of 19th century. Bellamy’s idea of an ideal society is more socialistic than capitalistic. I believe that Bellamy’s vision of the future was popular because the majority of the population viewed it as something different. A new system that would’ve been more equal and fair. The increase in industrial production exponential increased America’s wealth and power, however; it also experienced a large class division where the rich were very rich and the poor were very poor (Foner, 593-594).
The United States of America believed in Smith’s capitalism and the Soviet Union believed in Marx’s communism and the clash of these two powers reshaped the theory of economics forever. Capitalism and Communism are two entirely different economic systems. Capitalism is an economic system known for a freedom of the market. Capitalism can be very beneficial to the economy. The government will change over time, but with capitalism it can easily adjust to the changes.
For displaced persons, security apparatus and external interventions, CAR received bottom score. 2. Somalia: This country was without a functioning government between 1991 and 2013, following multiple civil wars. Here, the infant mortality rate is estimated at being slightly over 10%, whereas the average life expectancy is 51.58 years only. It has been given worst scores for refugees and internally displaced people in addition with factionalised elites.
Both of these stories are rags to riches, where they get wealthy through minimal dedication. This is a major theme in both works, which reinforces the notion that the dream in the 1920s was more focused around the idea of becoming exorbitantly wealthy rather than working hard to be better off financially than your parents. The vast wealth desired in this generation was something that made people work harder, because everybody thought they could become wealthy. This motivation kept the American Dream alive, along with any people achieving this dream, and helped people to believe that they were meant for success. These people knew that hard work may allow them to be the best they could be, and even amass great wealth during the process, and if they didn’t become very successful that it was very possible that their children could.
Some people think that President Reagan did more damage to this country than he did help it and other people think that he was one of the best presidents we have ever had. However, I think that he was successful in completing his economic goals and not only pleased the American people but did it in a way that he thought was best for this country. Reagan drastically reduced inflation from that of the Carter administration (Reagan Economy and Society Slide 7). Reagan was also successful in his goal of Raising the Gross Domestic Product. Over the course of his administration he raised the GDP thirty-four percent which is an incredible growth when compared to that of other presidents.
Michael Moore once said, “Capitalism is an organized system to guarantee that greed becomes the primary force of our economic system and allows the few at the top to get very wealthy and has the rest of us riding around thinking we can be that way too - if we just work hard enough.” Had Horatio Alger met Michael Moore, he would have agreed with his sentiments about greed being a dangerous force in a capitalist society. He also would have supported the fact that Americans are hard working, but Alger, in his book Ragged Dick, paints a more optimistic view of the “respectable core” of hard working magnanimous people who made his 1860’s society work. In Alger’s depiction, holding on to respectability and disavowing greed, in addition to hard
First. market protections and economic safety nets provided by socialist policies make for a better quality of life for the average person. “Today, corporate executives who answer only to themselves and a few wealthy stockholders make basic economic decisions affecting millions of people” (Democratic Socialists of America 1). Socialist policy can give more control over what is done with resources and money. Democratic socialists believe “social and economic decisions should be made by those whom they most affect” (Democratic Socialists of America 1).
Both political theorists are extreme in their visions and neither seem entirely attainable but they are both inspiring ideals of what society could achieve. Although Arendt makes a very persuasive argument for economics and freedom as separate from one another, Marx’s argument is more convincing. Socialism presents every individual with the opportunity to live the best life suited for their own creative development. If every individual is creating what they want to create and the benefit of their creation goes towards the entire community than there is no reason for economic classes. The idea of socialism and communism may be slightly unrealistic and challenging to implement but in a utopian society, Marx’s view of the political structure is ideal.