Discuss the benefits and problems of capitalism and s
ocialism, and evaluate which system provides the greater overall benefit to society.

Answers

Answer 1

Capitalism is an economic system in which investments in an ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private  individuals or corporations specially as contrasted to cooperatively state-owned means of wealth. Socialism is a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole.

Why do people say that capitalism works better than socialism?

Capitalism and socialism have both been put to the test. Socialism never works; capitalism occasionally does. The outcomes are self-evident.

China. After the cultural revolution, the communist party seized power in China. They didn't have much financial success with anything. In its place, starvation claimed the lives of millions. Capitalist policies were put into place when Moa Zedong left office, and economic development suddenly skyrocketed.US versus USSR The huge ideological conflict between capitalism and socialism was eventually the cause of the cold war. The sides began on land that was largely level. There is no doubt who won. The USA is currently the world's most powerful country by a wide margin. There is no longer a Soviet Union.Almost all affluent countries, including the UK, Germany, Australia, Japan, Canada, and even the Nordic countries, have capitalist systems. All have different amounts of social expenditure, but this is only sustained by the underlying capitalism.Cuba. Cubans are all equal, yet they are all equally impoverished. Nearly everyone in Cuba has it better than even those who are regarded as impoverished in prosperous countries like the USA.Venezuela. elected a communist administration. They are currently in financial ruin. It would be difficult to locate a socialist administration that has made any effort to better the lives of its citizens. Although I would think there are none at all, perhaps I haven't looked closely enough.

In conclusion, a basic misunderstanding of human nature is the basis of socialism. When everyone actually ends up doing is trying to piggyback off of everyone else's hard work, it makes the false assumption that everyone is willing to labor selflessly for the benefit of the group. Although it is not a flawless system, capitalism at least provides a reward for effort. And when it comes down to it, hard effort is what improves our lives.

What are the pros and cons of socialism and capitalism?

Capitalism:

Pros ⇒ It is a method of voluntary trade. It is the best at allocating scarce resources. It has given people the highest quality of life in human history. Property rights, arbitrary assessments, and free will are all protected. It best manages self-interest. It rewards people who make the world a better place by making them rich. Static economic classes are eliminated by capitalism's dynamic character. Of course, there is more.

Cons ⇒ There isn't a spokesperson for free market capitalism. Market manipulation, monopolies, oligopolies, cronyism, fascism, inflation, central banking, fractional reserve banking, and any other financial news-related scheme are all confused with it.

Socialism:

Pro ⇒ Fair distribution of total generated wealth

Cons ⇒ It is oppressive. The loss of private property in the means of production prevents accurate economic calculations. Rare resources are squandered since there aren't genuine prices (actual prices reflect consumer values) (mountains of Soviet concrete). It does not satisfy the insatiable human drive for more (demand). denies possessing oneself. It establishes two static classes, one for workers and the other for politicians. Marx demanded that "undesirables" be removed from society (Irish, Scottish and non-whites).  


Related Questions

The election of 1828 was unique because it was the first presidential election

a) in which the candidates campaigned for votes

b) that ended in a tie between two candidates

c) in which the candidate with the greatest number of votes lost the election

d) that ended with the House of Representatives selecting the president


HELP ME PLEASE I BEG

Answers

Answer:

The election of 1828 was unique because it was the first presidential election that ended in a tie between two candidates.

Answer:

Option B

Explanation:

that ended in a tie between two candidates

Which did carted establish to clean up in polluted areas throughout the United States

Answers

President Carter established Superfund sites to clean up polluted areas across the United States. Option D is the correct answer.

Superfund is a federal government program in the United States that was established as part of the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 with the goal of funding the cleanup of sites polluted with hazardous substances and pollutants. These are the "Superfund" sites that are managed by this program.

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Match each word with the phrase that best defines it.

incorporate

demographics

modernize

privatize

———————————————————

to change from government
ownership to individual ownership

to include or unite

to begin to use the newest technology
or knowledge

the statistical makeup of a population
group and its growth rate

Answers

Answer:

Demographic is to begin to use the newest technology or knowledge

What is the legacy and significance of Angelina Grimke Weld Speech?

Answers

I do not under your question I am sorry

Which describes the Junker class?

Answers

Answer:

Privileged landowner class

Hope this helps!

Which court case strengthened the Jim Crow laws? Plessy v. Ferguson. Brown v. Board of education

Answers

Plessy v. Ferguson is a court case strengthened the Jim Crow laws. Over the subsequent 50 years, the Plessy v. Ferguson ruling upheld the fundamental idea of racial segregation.

What effect did Plessy vs Ferguson have on Jim Crow laws?

Segregation established legal in 1896 when the Plessy v. Ferguson court declared that the "inherently unequal" law did not breach the 14th Amendment's assurance of equal treatment under the law.

Jim Crow laws, which were designed to keep races apart, were developed in many southern states.

Thus, option A is correct.

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Answer:

plessy v. ferguson

Explanation:

What is the correct answer to get brainlist?

Answers

Answer:

B. A factory is a building where numerous machines are housed under one roof

How did Spain gain great riches from its colonies?

Answers

Answer: At the beginning of the Spanish colonial period, the economy was based on exploitation, both of land and of Native Americans. During the first Spanish settlements, the system of encomienda was established, by which Spaniards were given title to American territory and ownership of the villages that they built there.

Why did the Committee of Merchants for the Relief of Colored People Suffering from the Late Riots emphasize that Peter Heuston's "wife died about three weeks before the riots, leaving with her husband an only child... aged eight years"?

Answers

Answer:

they wanted to show the pain the rioters

Explanation:

In order to protect their oil interests, what did the United States do in the early 1990s? A. Used American companies to buy more oil fields in Iraq B. Refused to participate in the first Persian Gulf War C. Actively got involved in the first Persian Gulf War D. Established American embassies in Iraq and Iran

Answers

In order to protect its oil interests, the United States actively got involved in the first Persian Gulf War in the early 1990s. Thus, Option C is the correct statement.

What was the Persian Gulf War in easy terms?

The Persian Gulf War turned into a conflict fought between Iraq and a United States-led coalition of United Nations forces. The battle became the end result of Iraq's invasion of Kuwait in August 1990 and officially ended after Iraq agreed to a ceasefire in April 1991.

Therefore, In order to protect its oil interests, the United States actively got involved in the first Persian Gulf War in the early 1990s. Option C is the correct statement.

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How many branches of government did the Roman Republic have?
Oone
O two
Othree
four

Answers

Answer:

3

Explanation:

legislative, executive, judicial

penfield.edu

Parties mainly focus on influencing policies and elected officials in order to achieve
their goals.

Answers

I don’t know what you really talk about so could you be specific

Question,
What is the main purpose of the Declaration of Independence?
A. to disguise the real reasons for separation with Great Britain
B. to convince people to think about the value of freedom
C. to make an official statement of separation from Great Britain
D. to describe personal feelings and ideas

Answers

Answer:

(C) To make an official statement of separation from Great Britain

Probably C, to  make an official statement of separation from Great Britain, as it shouldn't disguise anything or have to convince anyone, and it doesn't really describe personal feelings/ideas.

PLS HELP ASAP Spain and Italy are separated from western European countries by
A. rivers
B. straits
C. deserts A
D. mountains

Answers

It’s B straits


I’m pretty sure this is correct because what separates them is the Mediterranean Sea and straits are multiple seas

Answer:

b

Explanation: bc of the mediterranean sea

Pick all that apply to the Goddess Aphrodite.

1)Born from the sea-strewn castrated testicles of Ouranus
2)Returned fire to humanity
3)Known for desire and love
4)Despised her brother Ares

Answers

The answer choices that best describe the goddess Aphrodite are:

1)Born from the sea-strewn castrated testicles of Ouranos2)Returned fire to humanity3)Known for desire and love

What is a Goddess?

This is a term that is used to describe a supernatural being that is female and is known for a particular thing or group of things.

Hence, we can see that based on the known description of the goddess Aphrodite, there is the knowledge that she castrated Ouranos and returned fire to humanity and was well-known for desire and love.

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Which of the following is the best definition for secondary source?
A. A photograph taken at an event by a trained historian
B. A description of an event written long after it took place
C. A timeline describing the major parts of an event
D. A diary entry written by a person who witnessed an event
SUBMIT

Answers

Answer: C

Explanation: Because D and A are the Primary Sources, because it is a Diary and a photo. And a photo and Diary were made at the time of the event. And C is describing how it happened.

Which of the following characterizes the relationship between Europeans and their colonial subjects

Answers

What characterizes the relationship between Europeans and their colonial subjects is  Inequality and exploitation.

What is  colonization?

colonization serves as the action or process which involves the overtaking and  establishing control over the indigenous people of a particular region.

Therefore,  relationship between Europeans and their colonial subjects is  Inequality and exploitation because there was  colonization of some of the native lands especially in pacific black birded islanders.

An in this process some of their property were exploited and stolen so they can enslave them.

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Which of the following was a key challenge facing the new nation?
A. The lack of desire for diversity?
B. Powerful central government
C. The lack of desire for unity

Answers

A key challenge facing the new nation is A. The lack of desire for diversity.

What is diversity?

diversity serves as the practice of carrying along or including people from a range of different social as well as  ethnic backgrounds in the government.

In this case, as regards the new nations, their challenge is the lack of desire for diversity because it will not encourage patriotism.

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Answer: C

Explanation:

Was Alexander the Great really as good a military general as he has been
presented?

Answers

Answer:

yes

Explanation:

he conquered lands that stretched from

egypt to india

thats roughly 2 million square miles

in just 13 years before he died at age 32

livescience


Which countries are not making progress in using nonrenewables and in reducing pollution?

Answers

Answer:

populate air is costing us lives

1 minimize air pollution from cars

2walk bike or use public transportation

3save energy

4maintain your wood stove or fire place

5recycle buy recycled product s

6consumr less choose sustainable products

7eat local organic produce less meat

8 grow your own food

In which two nations or regions of the world did Europeans primarily establish colonies during new

Answers

new........................

The Spartan government consisted of all of the following except
a.
council of elders
c.
ephors
b.
cabinet of generals
d.
an assembly

Answers

Answer:

The answer is c

Explanation:

I already did it


Match each of these words with the phrase that best defines it.
descendant
sustain
kinship
animism
Intro
to nourish, support, and help
something grow
a family relationship
the belief that objects in the natural
world have spirits
a person who is the offspring of
ancestors
Done

Answers

Match each of these words with the phrase that best defines are:

Sustain: to nourish, support, and helpKinship:  something grow a family relationshipAnimism: the belief that objects in the natural  world have spiritsDescendant: a person who is the offspring of ancestorsMatch each of these words with the phrase that best definesSustain  means to care for someone or to rendered help to someone.

Kinship can be defined growing relationship or  family relationship.

Animism can be defined as the  belief that objects  in the world have spirits

Descendant can be defined a someone who is the offspring of their fore father or ancestors.

Therefore Sustain means to nourish, support, and help.

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which two reasons led to president wilson changing his mind about neutrality during world war 1

Answers

Answer:

By August, Germany, Russia, and France were all involved in the conflict. Responding to the American public who had elected him, Wilson thought it was important to retain “neutrality,” because almost one out of every seven Americans had been born in one of the warring countries.

English
How did
civilization
develop in
Asia, Egypt,
India,and China?

Answers

Answer:

Like the ancient Middle East, civilizations in South and East Asia first developed near great river systems. The Harappan civilization of the Indus River valley developed in the middle of the third millennium B.C.E. —approximately at the same time as the river civilizations of the Middle East.

Which event was a consequence of the Enlightenment?

A. Scientists began questioning the Catholic Church's traditional explanations of the natural world
B. French citizens rebelled against the French monarchy and establish a representative form of government
C. Many christians broke away from the Catholic Church to join the protestant reformation
D. Europeans began rejecting the social contract in favor of systems that offered individual freedom.

Answers

The French citizens rebelled against the French monarchy and established a representative form of government, this is considered one of the major consequences of the Enlightenment. Therefore, Option B is the correct statement.

What were the outcomes of Enlightenment thinking?

The direct outcomes of Enlightenment thinking were the French Revolution and the American Revolution.

The concept that society is a social agreement among the authorities and the ruled stemmed from the Enlightenment as well.

Therefore, Option B is the correct statement.

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Answer:

B. French citizens rebelled against the French monarchy and established a representative form of government.

Explanation:

Hope this helpies

Which of the following was the main reason farmers supported the war efforts?
O to show patriotism
O to increase their sales
O to help others
O to follow the laws
=

Answers

Answer:

o

Explanation:

to help others

to increase their sales

why did the united states enter the war in its last years after remaining neutral at the outset?

Answers

On December 11, 1941, the United States entered World War II. Mobilization began on December 8, 1941, when the United States declared war on Japan, one day after the Pearl Harbor assaults.

The Japanese attack on Pearl Harbor prompted the United States of America to enter World War II. However, prior to the attack on Pearl Harbor, the United States took an indirect role in the war by selling munitions with Allied countries such as Britain. President Franklin D. Roosevelt perceived Nazi Germany as a threat to the United States and believed that arming the Allied democracies in Europe was important.The United States began the war neutral, but ideologically supported the Allies. Although Congress did not initially approve military force against the Axis, the passage of the Lend-Lease Act was the first step toward entering World War II. While transporting Lend-Lease supplies to the Allies, the USS Greer was assaulted by Germans, prompting President Roosevelt to declare a shoot-on-sight policy.The real, direct military engagement began only after the attack on Pearl Harbor. The Japanese provocation prompted Congress to vote virtually overwhelmingly to declare war on Japan. Adolf Hitler, the leader of Nazi Germany, declared war on the United States shortly after the attack on Pearl Harbor. These events resulted in America's direct military involvement in both the European and Pacific theaters, finally leading to the Axis countries' demise.

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Answer ASAP for brainlist

Answers

Answer:

sinkhole is the answer.......

How was the Roman Empire different from the Byzantine empire?

Answers

Answer:

The Roman empire originated in Rome, it spoke Latin and spanned every coastline in the Mediterranean Sea.

The Byzantine empire is different from the Roman empire because it spans less land since it's its Eastern Counterpart. They also spoke Greek instead of Latin.

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