Socialism In Venezuela

It has always been disputed whether socialism or capitalism is better than the other. Which is better for

individuals? Which is better for people as a whole, or as a country? Many countries have had different results.

Some countries have had socialism and failed miserably. Yugoslavia or a more recent example, Venezuela have

shown that socialism does not work for the most part. Countries such as China, or ourselves have shown

that capitalism or a “free market” system works...right? Truth is, it is highly debatable. After all, most Americans

can not even afford health care. Having lived in Panama for some years, I noticed an increase of the amount of

Venezuelans coming into the country. With a population of approx. 3.5 million people it
It being a free market society, it has grown double digits in the past 6

years. With millions of dollars pouring into tourism and the canal zone, Panama is growing and fast. But yet the

people of Panama are poor. This is because of the regulations that Panama lack to enforce such as minimum

wage. Where it is about $2.50 per hour. This brings up the question once more on, which system works best. But

exactly what is socialism? Socialism is the belief that a social organization or in this instance a country should

have control and regulations over private investors to prevent things such as unfair pay for example or

environmental pollution. A great example of this would be a millionaire who comes to a country to invest. He

opens a clothing factory where he pays the workers low pay wages for the danger they put themselves into. The

owner of the company has now polluted our air, payed our local hard workers basically peanuts, and walks away

with millions from sales. Socialism prevents this. If socialism is all for the better of the whole than does that

mean that capitalism is a wild west where everyone fend for themselves? Negative. Capitalism is basically a
My point is in third world

countries socialism is hard to maintain because of the limited resources and especially if the government running

everything is corrupt. That does not mean that the US is not corrupt, they just have more resources to lean on.

Money coming into the country one way or another even if it means to start wars. United States actually make

more money when the country is at war. Of course we dont see this because of the simple fact that its coming

straight from our pockets. Sure we do need protection against “terrorism” but 589 billion dollars worth of it?

What makes us any different from North Korea lying to their people telling them that they have to pay up

because were at war? In a sense having the biggest military is a good thing but, not if your country can not

sustain a normal life. Capitalism on the other hand gives the country and consumers and option. The option to

choose whether or not they need health insurance and if so being able to choose the one most suitable