Capitalism- Properties owned by people. Competitive "survival of the fittest" economy. Monopolies can develop
Socialism-Government owns most things (Hospitals, schools, etc.) Wealth is evenly distributed. Prevents absolute poverty. Hard work for big business is not encouraged much
Which one works better for society in real life?
What forms of Capitalism? What forms of Socialism? A bit of both?
- Purely CapitalismVote A
- Purely SocialismVote B
- Mostly Capitalism, slight SocialismVote C
- Mostly Socialism, slight CapitalismVote D
- Equal mixture of bothVote E
- Neither?Vote F
Most Helpful Guy
The problem that we have when talking about this is that people form different continents have very different ideas of "Socialism". It's difficult to have reasonable discussions with Americans about Socialism in my opinion because many Americans are totally indoctrinated by the media and have a very indifferentiated view about Socialism. When I lived in America and I once said in school that I consider myself a Socialist, the very first thing my teacher asked me in disbelief was "So you think Stalin was a good man?"
Personally, I am convinced - and my conviction is based on reality - that a system called Democratic Socialism is by far the most superior of all the systems that we've tried so far. It's not a coincidence that all the countries that have tried Democratic Socialism (or are still doing it) such as Norway, Sweden, Denmark, Finland, Iceland, the Netherlands or my own country Switzerland are some of the richest countries in the world per capita. But these countries are not only rich, they are also peaceful and their people are exceptionally happy. According to an international survey that is conducted every year, the Danish have been the happiest people on the planet for the past 4 years. Switzerland was number two. Finland is known to have the most successful education system in the world. The reason for all this is simple: Socialist (I'm not talking about Stalinism, I'm talking about what we Europeans consider Socialism) policies have a direct impact on the social equality of a population. And social equality is directly proportional to pretty much all the good things you wanna have: low crime rate, high education rate and high literacy, low teenage pregnancy rate, high life expectancy, an intact nature and environment etc.. This is not some sort of biased, personal opinion. Anyone can live in one of these countries for a little while and see for themselves. Americans often say that their system is the best. But if American capitalism was really the best, the US would hardly have so many problems. Practically no country in the world (and certainly no first-world-country) has a society where the wealth is so unequally distributed. This has since the 1980s and Reagan's extreme capitalism brought about an endless number of problems. The society is totally divided, rich people live in fenced off neighborhoods, you meet homeless people at every corner, there's tons of crime, high teenage pregnancy, streets and bridges crumble, high schools suck etc.2