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Cure For Capitalism: The Cure Of Socialism

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Socialism: The Cure for Capitalism
Martin Luther King Jr. once said “Capitalism does not permit an even flow of economic resources. With this system, a small privileged few are rich beyond conscience, and almost all others are doomed to be poor at some level”. With almost half of all the national wealth belonging to the top one percent of the American people, this statement is undeniably applicable to modern society. Capitalism is favorable only to the wealthiest of the wealthy. Which means that the social classes that circulate the most money, the lower and middle class, do not make anywhere near enough to stroke the economy into a stronger state. Instead of strangling the working class and providing the rich with more money that will not …show more content…

Production is left up to the working class in the form of worker-delegates. By giving all corporate power to the working class people, the middle class can thrive and the economy will improve. The middle and lower classes circulate all money earned in a short amount of time. In contrast, the upper class spends less than twenty percent of the money it obtains and the remainder sits in banks or goes into the stock market. In opposition to capitalism, socialism takes the well-being of workers and the opinions of the community that make it possible to run a business into consideration and believes in a unionized workforce. Unions make it impossible to force workers to find new employment in the event of an injury that prevents that laborer from working. Socialism provides a sense of job security that capitalism could never offer. Because socialism focuses on production for the needs of the people instead of solely emphasizing revenue, there would be no unnecessary surplus. Less production means less impact on the environment. Capitalism impedes the amount of available workers, whereas socialism creates more jobs in the hopes of improving infrastructure despite possible

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