CAPITALISM OR SOCIALISM?

Socialism and Capitalism are both political and economic systems whichever, both have negative and positive aspects. Thus, let’s talk about capitalism and socialism.

CAPITALISM:

Capitalism is a political, cultural and economic system in which a country’s trade controlled by private owners for profit, which means that a part of the economy is run by individuals isn’t a state controlled.Before capitalism was feudalism in which was a precursor of capitalism. Modern capitalism emerged in the early 19th century in Western Europe due to the rise of the industrialization of mass enterprises…. It isn’t fair to talk about capitalism without bringing up Marxism, Karl Max trusted the idea that capitalism is a system that alienates the masses and inevitably to destroy itself.

SOCIALISM:

Socialism is a political and economic system in which the means of production should be owned by the community as a whole.It emerged in the 1789 French Revolution, in which it arose as a response to the consequences of the industrial revolution.

DIFFERENCES:

So as you guys heeded capitalism and socialism are paradoxical thus, let’s see their characteristics to define their differences.The main characteristics of capitalism are private property, competitive markets, income inequality and economic freedom.As the central characteristics of socialism are social security, social welfare rather than the private profit, equal opportunities to all, and no completion.

POV:

In my regard capitalism ignores the martyr of the working class that works too harsh to survive, and socialism even tho has its advantages as free health care for example, but it slows the economic growth, absence of completion….. That’s why I believe that for a good economic system, it should be a mingle of capitalism and socialism. So what’s y’all thoughts about the debate?

So i hope y’all enjoyed it don’t forget to share your thoughts down below //TAKE CARE//

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