Compare And Contrast Socialism And Capitalism

Socialism and capitalism are both ideas to helped a country’s economic growth. Capitalism is the idea that everyone should be different; have different clothes, vehicles, jobs, wages, housing; and that land should not be owned by the government. Socialism is the idea that everyone should cooperate and work together for the good of the people and land should always be owned by the government. Capitalism creates strict classes for wages and society - meaning rich people and poor people are distinctly divided and rich people have to do things the exact same way as people who are barely making enough money to live. Socialism has everyone being equal, everyone helps one another out and rules are only put in place when it benefits the majority of the group. Under socialism, workers have better pay, better working,

Capitalism gives people a chance to better themselves in life through hard work instead of staying in the same easy job their entire life. Capitalism gives people a chance to express their love for a field and prove to people that they are something in the large scheme of our world. While this is important for a happy society, capitalism also forces people without enough experience into poverty and unhappiness. Capitalism not only makes people without a good job poor, it also makes it so that people can’t get experience if they don’t have money. Capitalism revolves around money; how much a person makes, how much they need to be happy, how much it costs for a good education or job. Socialism revolves around equality and survival. Money isn’t a big problem, as everyone makes the same amount in their field. Socialism has a better idea for long-term survival, while capitalism lives in the moment and doesn’t take a step back and look at how this will affect them; whether it be negatively or