socialism is the same econimic system as communism the only difference is that socialists beelieve that it should be a gradual change from capitalism to socialism unlike communism where they beilive it should be done forcfully in a "revolution".
as of right now the american economy is a mixture of socialism and capitalism. the socialist aspect is that we have to pay taxes on things that we buy and land that we own. the capitalist aspect is that we have the freedom to own our own buisness and run it to make a profit. also we have the freedom to buy whatever we want unlike socialism where everything is done for"the good of the community".
in a socialist or even communist world everyone would have only what they needed to live comfortable and anything excess would be given to a less- fortunate family or person. also everyone would contribute what they could to the economy. in otherwordsthe [person bagging groceries would have the same comforts as a brain surgeon. this would not work because the much harder working people would want a more easy job, so there would be no more people like brain surgeons.
as stated in earlier posts capitalism is the only system to work thus far, many places have tried to be socialist and communist but they all failed. the famous quote made by Karl Marx (the first person to come up with the idea of communism) states "From each according to his abilities, to each according to his needs." this means that every person would do what they can for the commmunityand get only what they needed.
the president of the United States Barack Obama has been considered a socialist ofr many reasons. one is because he passed the stimulus bill and he bailed out the car companies, in a capitalist world they would have just let GM go bankrupt and pave the way for a new car company. this is the way it has been for all of time except in places where communism and sociaism were.
i believ that the american way of combining socialist and capitalist ideas is the best way to run a country because we pay taxes to help people in need but we also have the right to own luxuries such as a fancy car or a fancy house or video game systems. i believe that this is the only way an economy will work the best because in a purely capitalist world there would be only the rich and the poor there would not be much of a middle class.
another famous quote by the communist Karl Marx was: "The theory of Communism may be summed up in one sentence: Abolish all private property." he believes that the central government should own everything and then loan it out to people as the government deemed it as a necessity. i believe that as history has shown us, communism, socialism, and capitalism in their purest forms will never work, the only way to make it work is to combine 2 of them.
Log in to comment