capitalism vs. socialism
A human characteristic that separates us from the animal world is our organization of social and economic systems. Man, however, retains traits of his evolutionary ancestors in the form of self-preservation and greediness. While many political, social and economic systems such as socialism attempt to eliminate this modern form of natural selection, capitalism and similar economic systems preserve social inequality in many forms while ensures a high living standard for society as a whole. The differences between capitalism and socialism can be summed up by their definition. Socialism is the general term for the political and economic theory that advocates a system of collective or government ownership and management of the means of production and distribution of the goods. Because of the collective nature of socialism is to be contrasted to the doctrine of the sanctity of the private property that characterizes capitalism. While capitalism stress
es competition and profit, socialism calls for cooperation and social service and by that social equality. This irrational outcome would not have occurred in a capitalist government where the usefulness of the product would be a primordial concern. Rather than emphasizing job security of citizens, capitalism prefers harder and more efficient workers over less efficient workers. A typical example of this is can be found in the former Soviet Union. In this form of government everyone has generally the same amount of money, which means that the rich person's money goes to the poor so that everyone can be middle class. The complexity of human behavior and the vastness of society are too great for human planners to address. Because of its emphasis on people's eager to become wealthier, inequalities are formed in the distribution of wealth. In conclusion, it has been proven by history that a free-market economy (Capitalism) increases the living standards of society as a whole at a price of social inequality. When comparing and contrasting socialism with capitalism one can find good on both systems, it just depends on person's opinion. This reorganizes that each and every person is the owner of his own life and wealth, and has the right to live his life in any manner he or she chooses as long as it does not violate the general accepted state and federal laws even if this means living well beyond the poverty line. Despite the disadvantages, however, capitalist societies have done remarkably well in improving the human condition as a whole. Capitalism has its disadvantages as well: high unemployment poverty and crime. The planners of this socialist nation issued a plan that factories with the greatest production of cloth textiles in feet would receive monetary bonuses. Although this is seen by many as inhuman, capitalist societies achieve a higher standard of living than socialist societies.
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Historically Socialist,
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