Capitalism Is Better Than Socialism

There are many different types of governments, but most of them fall under capitalism or socialism. These are really the only two options for government in a country. Even interventionism falls under one of the two even though people say it is its own category. Capitalism and socialism are on opposite ends of the spectrum, and one is better than the other. While both of these types of governments have good intentions, only one of them delivers, and socialism is not it. Socialism is all about equality, and socialists even promise equality to the people. Sadly, that is impossible to have, because we live in a world that is not equal. In socialistic country, the government is in control. There are four levels of socialism. The least extreme is
It encourages economic competition and provides incentive for productivity and efficiency. The most extreme or radical system of capitalism is radical capitalism. Not all capitalistic systems work either, and this is an example of one. There are no regulations over people making the government useless. That leads to there not even being a government, which is also called anarchy. Classic liberal capitalism is the next the level. Originally, this is what the United States had. The government does exist but is limited. People enjoy many economic freedoms and liberties. Also, people are held accountable for their economic decisions. Their success or failure is dependent upon their efficiency. That is what I call incentive. Adam Smith in his book The Wealth of Nations described a capitalistic system like this. He thought that government should be limited to national defense, providing and enforcing law and order, and other necessary public tasks like education and public transportation. The last level of capitalism is state capitalism. This is what the United Sates has now. It is the closest capitalistic system to socialism. Most businesses are privately owned by citizens, but the government intervenes in economic decisions. When the government starts intervening more and more, that is when it becomes socialism. Capitalism offers a peaceful means of exchange. People can buy, sell, and trade at their own free will. That is
Interventionism allows the government to intervene with the free market whenever it chooses. This only causes problems. It sounds a lot like state capitalism. What defines it as either capitalistic or socialistic is how much the government intervenes. State capitalism is only capitalistic if the government doesn't keep intervening all the time. If the government does, it is socialism. The United States is on the verge of becoming socialistic, and this next election could determine which way it goes. Interventionism is either capitalism or socialism depending on the amount of government intervention. Normally, it is probably