Leadership And Group Theory: Capitalism Vs. Socialism
Leadership and Group Theory Midterm Essay
Capitalism vs. Socialism
September 21, 2013
Although Capitalism has a different meaning in various groups, the term is commonly acknowledged as “the private ownership of the means of production, and the coordination of the economy by the market” (Bresser-Pereira, 2012, p. 22). On the surface, the meaning of capitalism seems straightforward; referring to an economic system in which private individuals, rather than governments, own property and businesses. But beneath the surface, strong currents of opinion and theory swirl about the term. Yet in contrast, Socialism is more collective, it allows for everyone to benefit from the economy, instead of only the …show more content…
Socialism deals with the society as a whole, there are no classes; everyone is involved in the decision making method by a consensus, which allows for everyone to influence the decision (Johnson & Johnson, 2013). I believe that Capitalism has been viciously attacked and ineptly defended. But, even in the nature of the term, it is still considered designed for one designated group, which is the private sector. The government does not have the bias of gaining profits, and the government encompasses elected officials to represent groups with a common …show more content…
Member commitment is the key to positive behavior and attitude. When members of a group are included and treated equal, they are more apt to remain loyal to their leader and committed to the group’s goals. With Capitalism, there is always one goal and that is profits. Private businesses that continue to allow abuse of labor laws and wage contradiction will always favor Capitalism, because it will always generate profits and they do not care about what the “rest of the group thinks”. It is my strong belief that Socialism supports leadership and group dynamics, because of the nature of the term. Everyone is included as well as their input. When I vote for an elected official, I want them to have everyone’s best interest. Using a consensus system that allows anyone qualified to run for office regardless of their social status, and everyone a right to express their interdependence by voting, as well as remain committed to the group. The way the private sector treats its employees should be proof enough that Socialism should
Capitalism vs. Socialism
September 21, 2013
Although Capitalism has a different meaning in various groups, the term is commonly acknowledged as “the private ownership of the means of production, and the coordination of the economy by the market” (Bresser-Pereira, 2012, p. 22). On the surface, the meaning of capitalism seems straightforward; referring to an economic system in which private individuals, rather than governments, own property and businesses. But beneath the surface, strong currents of opinion and theory swirl about the term. Yet in contrast, Socialism is more collective, it allows for everyone to benefit from the economy, instead of only the …show more content…
Socialism deals with the society as a whole, there are no classes; everyone is involved in the decision making method by a consensus, which allows for everyone to influence the decision (Johnson & Johnson, 2013). I believe that Capitalism has been viciously attacked and ineptly defended. But, even in the nature of the term, it is still considered designed for one designated group, which is the private sector. The government does not have the bias of gaining profits, and the government encompasses elected officials to represent groups with a common …show more content…
Member commitment is the key to positive behavior and attitude. When members of a group are included and treated equal, they are more apt to remain loyal to their leader and committed to the group’s goals. With Capitalism, there is always one goal and that is profits. Private businesses that continue to allow abuse of labor laws and wage contradiction will always favor Capitalism, because it will always generate profits and they do not care about what the “rest of the group thinks”. It is my strong belief that Socialism supports leadership and group dynamics, because of the nature of the term. Everyone is included as well as their input. When I vote for an elected official, I want them to have everyone’s best interest. Using a consensus system that allows anyone qualified to run for office regardless of their social status, and everyone a right to express their interdependence by voting, as well as remain committed to the group. The way the private sector treats its employees should be proof enough that Socialism should