Capitalism Vs Socialism
Throughout recent history, humanity has observed a plethora of economic systems and theories. The two most famous being Capitalism and Socialism. These economic systems have been observed from the the nineteenth century to present day. These systems have been argued and debated countless times resulting in a multitude of different views and agendas. Capitalism is superior to Socialism as an economic system it that provides opportunities, greater happiness, motivation and or incentive that is required for political and economic freedom.
Before contemplating capitalism, we must observe the conception and the etymology behind the word itself. Initially used in Germany, France and England the word meant money (either invested or lent), and then …show more content…
With capitalism comes motivation, incentive, opportunity and the ability of free enterprise. This system gives the overwhelming majority of people the ability to go and work for their money. The main “problem” with capitalism is that is creates a gap between the classes unlike socialism which has a system that places everybody into the same or similar class. This however is not a problem for capitalism. Capitalism provides opportunity to become successful and to be a private business owner but it is up to the individual to seize the …show more content…
Although there is no precise definition for Capitalism has been characterized characterized by its free market and reinvestment of profit. Capitalism has also historically identified as the private ownership of wealth and business. Capitalism is distinguished from other economic systems that existed in previous generations because it is a market-oriented system that originated as mercantilism in Europe and even made its presence in the ancient world around the Mediterranean.(2 and 3)
Capitalism has been classified and divided into four eras in the western world: Mercantilism and Feudalism as well as industrialization and globalization. The most direct and full form of capitalism comes from the industrialization era while being in its least obvious and early stage of Feudalism.(3)
Although still considered capitalism, Feudalism and mercantilism are better described as pre-capitalism. Feudalism was linked to the roman empire in 500 a.c. until the 1400s. In feudalism, there was a “king” or leader of some sorts which looked over his lords who ruled vassals which included knights and peasants. The main source of commerce was trading and bartering usually with agriculture tied
Before contemplating capitalism, we must observe the conception and the etymology behind the word itself. Initially used in Germany, France and England the word meant money (either invested or lent), and then …show more content…
With capitalism comes motivation, incentive, opportunity and the ability of free enterprise. This system gives the overwhelming majority of people the ability to go and work for their money. The main “problem” with capitalism is that is creates a gap between the classes unlike socialism which has a system that places everybody into the same or similar class. This however is not a problem for capitalism. Capitalism provides opportunity to become successful and to be a private business owner but it is up to the individual to seize the …show more content…
Although there is no precise definition for Capitalism has been characterized characterized by its free market and reinvestment of profit. Capitalism has also historically identified as the private ownership of wealth and business. Capitalism is distinguished from other economic systems that existed in previous generations because it is a market-oriented system that originated as mercantilism in Europe and even made its presence in the ancient world around the Mediterranean.(2 and 3)
Capitalism has been classified and divided into four eras in the western world: Mercantilism and Feudalism as well as industrialization and globalization. The most direct and full form of capitalism comes from the industrialization era while being in its least obvious and early stage of Feudalism.(3)
Although still considered capitalism, Feudalism and mercantilism are better described as pre-capitalism. Feudalism was linked to the roman empire in 500 a.c. until the 1400s. In feudalism, there was a “king” or leader of some sorts which looked over his lords who ruled vassals which included knights and peasants. The main source of commerce was trading and bartering usually with agriculture tied