The pros and con of Socialism and Capitalism

@sirnose (2436)
United States
May 13, 2012 5:19pm CST
Capitalism seems to be a good option but in order for it to work, the opportunity to succeed needs to be fair for everyone. But this does not happen in real life soon as a company or group becomes big enough, they no longer wants to play fair. Socialism sounds good but you get too much corruption with the government controlling everything. And there is little to no competition in the marketplace. I always felt that we should take the best of what socialism and capitalism have to offer. We need government controls on big businesses so that they won’t walk all over us. We need government programs to help the poor and less fortunate. We need to understand that we need individuality and competition, but we also need to look around and consider ourselves to be part of a larger picture and care about others in our society.
1 person likes this
9 responses
@MoonGypsy (4606)
• United States
13 May 12
i have always had that same idea as you do. we should have a system that is somewhere in between. i don't think that is going to happen though, because it would take a whole lot of co-operation on our part. also, we have to many people that don't want to give up control, and control is the key to both capitalism and socialism.
1 person likes this
@sirnose (2436)
• United States
13 May 12
Yes, you are right about that we all would have to give up something in order for things to work. But old ideas and bad habits are hard to break. Any political system needs control in order to succeed.
@tocquevil (157)
• China
13 Mar 13
The victory of socaialism and the breakdown of damned captalism is a irreversible course set by history.
23 May 12
With capitalism you're free to make your own mistakes. With socialism someone else will make your mistakes for you - someone you probably don't even know. With capitalism, if you get it right you reap the benefits. With socialism, if you get it right, the State reaps the benefits. With capitalism, you're free to give your money to worthy causes - worthy in your estimation. With socialism, you're forced to give money to worthy causes - worthy in someone else's estimation. No system operated by human beings is going to be perfect, but give me capitalism any day.
@debrakcarey (19887)
• United States
14 May 12
http://beforeitsnews.com/story/2135/081/Even_a_12-Year_Old_Knows_the_Truth_About_Public_Banking.html Evne a 12 year old can tell you why the banking cartel is to blame for the economic woes of the world.
@debrakcarey (19887)
• United States
14 May 12
I tend to agree with you sirnose. What we are seeing now is the natural outcome of government growing towards totalitarianism. I believe it began when the Federal Reserve was put into place as the 'guardian' of our economy. Add to that, the government over regulating and not enforcing contract law, and eroding property rights. The final straw will be over taxation to the point of driving out all business and manufacturing. Then the government will have to step in and 'rescue' all of us. True liberty revovles around private property rights. As soon as you allow the government to control what you earn and own, you might as well call it socialism. "If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your counsel nor your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen." - Samuel Adams I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the government at defiance. The issuing power (of money) should be taken away from the banks and restored to the people to whom it properly belongs." - Thomas Jefferson "To take from one, because it is thought that his own industry and that of his fathers has acquired too much, in order to spare to others, who, or whose fathers have not exercised equal industry and skill, is to violate arbitrarily the first principle of association, “the guarantee to every one of a free exercise of his industry, & the fruits acquired by it.'” -Thomas Jefferson Just some thoughts from the men who risked all their wealth and prestige to give us a land where men could labor and succeed without government interference.
@Fatcat44 (1141)
• United States
14 May 12
One of the big flaws that socialism is bringing to the table, is that they are getting God out of the picture. In the past, many did what was right from religious believes. Now they have pushed religion out of the door, and try to make people do that which is right by government regulation. My philosophy is teach one correct principles while they are in their youth and they will be guided by them for the rest of their lives. Many children were not taught this in the youth, and we are struggling because of it today. And now many more children are not being taught this, and we are going to have big problems. Also, the socialist country of in Europe and even now China, are riding the backs of capitalism. Many corporations exist in Europe, and the countries are riding the taxes of these corporations. Even China has had to partnership with these corporations to allows them to go into China and develop the businesses in China because China's government cannot do it. Capitalism is needed and is the only thing that drives growth, investments and job creation. The more government stays out of the way of capitalism, the more growth and jobs are created.
• United States
14 May 12
All "isms"... Socialism, Capitalism, Communism, Randism... they all have flaws. None of these systems are perfect. Some are going to benefit and some people will not benefit from these systems, and that is just the way it is. It always comes down to: If a person really wants to succeed, then they will, but if they don't, then they won't. It'll just be easier to succeed in some systems than others. I have written papers on Communism, and yes, it all seems great, on paper, but then you really begin to see the flaws and you realize that humans are too greedy and that it'll never work. Socialism, too, has it's disadvantages, along with Capitalism and Randism. Some people will benefit from some systems, and some won't, and some will do well in some systems and some people won't. I think helping our fellow man is a good thing, but the problem is always money. It always comes down to money.
• Australia
14 May 12
Emigrate to Australia. Lash
• United States
14 May 12
I really think they are both a lot alike. They sound good in theory, in practice they both are disastrous. In socialism, the big bad government ends up controlling the people and wealth. In capitalism the big bad wealth controls the government and it's people. What we really need is for politics to stay 99% separate from economics even that means a some rough times. Now during a crisis or even normal times aid would be allowable, they can collect taxes, and spend what is needed to run. Localities (states) should be in charge of anything beyond highways, the military, and matters directly affecting multiple states. The US system was actually fine until the feds decided to get involved in business dealings beyond settling disputes, the government started awarding huge contracts, and suddenly tax money and business monies were being mixed, and politics became a bought item.