Roles Of Capitalism And Socialism In The United States

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While capitalism is the most predominantly used economic system, many modern countries and/or states use a combination or blended version of capitalism. The United States uses capitalism and socialism. However, a huge threat to capitalism is communism. “Simply put, communism is the idea that everyone in a given society receives equal shares of the benefits derived from labor (Hoyt, 2008). For instance, instead of one or two people owning a company and controlling the production and profits, the workers and everyone in a communist country have an equal share in everything they produce. One potential negative with communism is no one can own their own business because the state owns everything (Hoyt, 2008).

From my perspective, the United States

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