Capitalism is the best economic system for many reasons. The first one is because the government believes in “ Laissez Faire”, which means “Hands off”. The government has no role in business and let individuals to take care for themselves. This creates an overall high standard of living because since the government does not control trade, there is a large variety of products.Moreover it creates options for consumers to fit their personal needs by having easy access to numerous products. However, the government does takes care for those who can’t take care of themselves by providing welfare and unemployment benefits to individuals in need and medical care for aged and low class people. Also, Capitalism i...
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...mproves the livings standards of the society overall. Furthermore, there are no better alternatives than capitalism because history has shown failures of communism and economies with too much government control.
Capitalism is the best choice for the United States’s economy because Americans have a choice and a say in the government. Capitalism creates an overall high standard of living by having easy access to numerous products and creates options for consumers to fit their personal needs. However, in order to survive in a Capitalist country, one has to work hard to achieve its goals. This creates competition between the people to be the best, which leads to improving society because it innovates technology, and globalizes the market. Capitalism creates an overall improvement in living standards for the people, something that Socialism and Communism doesn’t provide.
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