Capitalism or socialism-Which one is better? - Business & Economy - General Economy - TIK Share

Capitalism or socialism-Which one is better?


Rahul Rai

2015-01-21

Capitalism is an economic system in which trade, industries, and the means of production are largely or entirely privately owned and operated for profit. Central characteristics of capitalism include private property, capital accumulation, wage labour and, in many models, competitive markets.

Socialism is a social and economic system characterised by social ownership of the means of production and co-operative management of the economy, as well as a political theory and movement that aims at the establishment of such a system.

Definition is taken from Wikipedia. Lets discuss which one is better and why!!!

I think capitalism is better because only capitalism gives a true feel of freedom. You are free to own business, free to own properties. Creating your own wealth keeps you motivated.

Against, socialism my theory is that If you cannot own what you earns from your efforst, what is the use of such hard work.

Socialism is an evil theory and its only a theory, which is very hard to implement. Even if implemented, due to nature of humans, the true goals may never be achieved.

The nature of every human on this planet is suited to follow capitalism instead of socialism. Capitalism gives you motivation to work hard and achieve something which can be called your own.

You can own properties, create wealth. The feeling of owning a large company is only possible under capitalist economy and not under socialistic society.

Bada Mouth

2015-01-21

Theories are good to read, they take you to an imaginary world. In this imaginary world everything looks so beautiful and fascinating that you try to implement it in your actions.

Irony is that those who have money, prefers capitalist society and those who are poor prefers socialism. But, once the poor become rich, they too prefer capitalist ideology. This is human nature.

Capitalism is actionable whereas socialism is much of a theory.

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