1 year ago
Last edited at 5:02PM on 3/20/2013
yes capitalism doesn't like socialism or communism. And communism and socialism dont like capitalism. they have almost the exact opposite ideals. its sad though our president has socialistic ideas and were in a capitalistic country
A lot of people say there is, but there isn't, really. Consider how dependent capitalism has become dependent on communism because communism takes care of the workers while corporations won't. Both socialism and fascism are marriages between capitalism and communism, with socialism being a happier marriage than fascism.
These are antithetical economic systems. They cannot successfully be blended, but we have been trying to do so for years. Socialism says that the means of production should be owned by the state, and operated for the good of the worker. Capitalism says that capital is owned by private individuals, and employed to produce the most good for the most people, thereby maximizing profit. Capitalism is inherently efficient, because you trust the wisdom of the individual to studiously inquire where his funds might make the best return. This "prudent man rule" is at the core of capitalism. Socialism seeks to provide good for workers (not those who own capital, but the bureaucrats, who make distribution decisions). It does so inefficiently, picking winners and losers based on criteria that have little to do with economic benefit. The result is an unequal and inefficient distribution of capital and the consequent reduction of living standards on the part of workers. Less good are delivered at higher cost than under capitalism. Socialism has been tried and everywhere it has been tried it has failed. so far, we are looking at Europe as a model for the Mixed Ecpnomy (elements of socialism and capitalism mixed) and seeing it implode. Capitalism has its problems (the boom and bust cycle), and it eventually has corrections; this is normal and can be smoothed through insurance.