For one of my generals (at university), I'm taking a business class, and we read this really interesting reading that was sort of a capitalism vs. socialism thing. Of course, it was a business class, so naturally capitalism was put in the better light, but it pointed out something very interesting that I think most people tend to miss when talking about this issue.
That is, socialism and capitalism have the same goal: to get an economy going that leads to prosperity and happiness for the average individual. That is, the ideals of socialism should not be confused with the system of socialism itself. Socialism is a system where regulation by government leads to a 'planned' economy, while capitalism is more about competition with government only playing a minimal part by making a few regulations to make sure things go smoothly, and people get what they work for.
The true ideals of capitalism isn't about being greedy — it is, as Tenzen mentioned, about giving people a chance to succeed, to work hard and earn something in return for that hard work.
Though obviously that gets corrupted in actual practice, with big corporate heads getting a ton, while others may get only a little, the other systems have had just as much corruption, despite the lofty ideals of equality. (In both those systems, it's up to the government to hand things out to people, so if the people in govt. become greedy, there may be little recourse for putting a stop to it, especially in communism, where everything is so controlled by the authorities) I think Communism especially as a system has often lead to economic collapse or difficulty, even though the ideals it presents appear to be good ones. Ideals are one thing, but what matters is how successful the system is.
Last edited by Rocket Axxonu
on Mon Jan 02, 2012 7:55 am, edited 2 times in total.