I believe as a person works to better themselves, society profits from it as well so while we are an individualistic country, we also help the whole by helping ourselves. Egalitarianism and hierarchy: America is founded on the concept of equality. No person is any better than the next because of how much money they have, where they live,
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).
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. Arendt argues that there is no place for poverty in politics but Marx makes the point that poverty must be eliminated first so that politics can flourish. The only way to eliminate poverty is through the political system and the overthrow of the elite. As long as there is economic oppression, freedom is not attainable for every citizen. The separation of economics and freedom is unrealistic because money controls the actions of the people.
Marx’s ideas not only justified how the specific events came about, but explained that the root of where these events came from. Marx’s ideas explained that the root of these events occurred from the inequality of how the capitalist class abused their wealth and power only to become wealthier and powerful, while the wage-workers become oblivious to it. A limitation of Marx’s ideas is that alienation does not relate to all cases of financial inequality, which are heavily based on culture. Marx’s ideas in regards to alienation is targets more individualistic cultures rather than collectivistic cultures. This is because individualistic cultures value one's own goals, motives, and success.
Socialism provides a direct line between citizens and goods. Instead of capitalists or private sectors owning the factories of production, the government owns them. This in turn results in the government collecting the profit instead of just businesses taxes. Pros and Cons Proponents of both systems have continually argued which economic system is better. Both have their advantages and disadvantages.
Happiness cannot easily be found, as perspectives of happiness differ from one person to another. One of the ways in which happiness can be attained, is by constructing a utopia based on political and economic systems that work for everybody. Two main economic and political systems are capitalism and socialism. People developed both of these systems in an attempt to obtain peace, order and establish a better place for living. However, people have different views on which system is more successful.
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: Pro and Con by Phil Washburn is a philosophical debate seeking for reading to determine whether capitalism is a respectable way of society that provides the most sensible format of government for justice to thrive. The author first seeks to analyze the good of capitalism mentioning that it is the most practical answer for the issues that arrive from the idea of Justice. The key factors for the pro-capitalist society is people can succeed and or fail, government allows the economy to proliferate on its own, and most importantly what a person gives to society (making a living for themselves) is what they are able to take from it (profit and consumerism) (Washburn, pg.155). Afterwards, Washburn seeks to counter the argument and writes
The Benefits of a Minarchy A Minarchy is a libertarian form of government. A Minarchy is a limited government, that values the rights of the citizens. Libertarian governments are created to serve the people through individual freedoms. Compared to Authoritarian governments, Minarchies are more beneficial due to the individual freedom, trade , economics, and offers more benefits to the citizens, rather than the regime itself. Minarchial systems value free trade tremendously.
This regime may not be aimed at eliminating inequalities but at maintaining social stability, strong families and loyalty to the state and an example of such countries include Austria, Belgium, France, Germany, Spain and Italy. The last model is the Liberal model where welfare is highly commodified – it is sold through the market. Means- tested benefits are available to those in real need but they’re stigmatized. The majority of the people are expected to purchase their welfare as the state only interferes to reduce poverty and provide for the basic needs. Australia, Canada, Japan, Switzerland and the US are a good example of the Liberal model