Socialism in America is Good Essay

Socialism in America is Good Essay

Length: 981 words (2.8 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

Today using modern time philosophy and the way we think, I believe you cannot have a pure capitalist or socialist system by definition but instead run a mixed economy caring about different characteristics of the two in order to form a civilized yet, productive society.
The definition of capitalism would be an economic system in which private individuals own the factors of production and decide how to use them within legislated limits. Laissez faire is another name that was given by Scottish philosopher Adam Smith. He said it is better for a government to have no intervention in the economy at all and an individual pursuing his own self-interest tends to also promote the good of his community as a whole through a principle that he called “the invisible hand.” Capitalism is based upon private ownership of property and every person has the right to live his life in any manner he chooses, as long as he does not violate the rights of others. Individuals are allowed to run their own businesses in a free market in such way that he or she creates the wealth for him or her self. It usually depends on how self-motivated a person is and how determined are they to do exceed there own expectations. Capitalists believe that the only purpose of a government is to protect its citizens from force or fraud. They claim that the force is the protection of individual’s rights. This is achieved in such ways as the use of police force to protect the rights of citizens at home, a military to protect citizens from foreign attack, and a court system to enforce contracts and settle disputes between residents. Capitalists also feel that initiating force can only violate rights, thus the government only uses force in relation of those who initiate it. From...


... middle of paper ...


...tator come into office just like how history has shown.
Using a mixed economy there shall be government intervention to create laws that insure the basic rights of its citizens are protected and to prevent foreign attacks. All workers should be treated fairly and equally. Every individual has the possibility to start his or her own corporation or choose to work for someone. Minimum wage is set so all workers receive at least this amount of pay, and then wages must go up according to their type of job. In addition, good working conditions must be provided for safety reasons, no child labor, and no discrimination at the work place are a few laws that are required to keep the economy going. Capitalists and socialist disagree about certain ideas each group has however the protection of its people are most important since it’s the essential part of the working class.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Capitalism And Socialism : A Capitalist Economy Essays

- All for one or one for all. That is the question that’s really being asked when comparing capitalism and socialism. In a capitalist economy, such as America, the money earned by an individual is for said individual and belongs to them. However, in a socialist economy, such as Italy, the money earned by a person is for the country and is redistributed among the people equally. One major difference is the role that the government plays in each economy. Capitalism and Socialism are practically opposites and the way their governments work are pretty much opposite of each other as well....   [tags: Socialism, Capitalism, Communism, Marxism]

Better Essays
2416 words (6.9 pages)

Security Through Socialism Essay

- In the novel, The Jungle, written by Upton Sinclair, a migrant worker by the name of Jurgis travels to Chicago in an effort to give himself a better life. He starts off good in America, as he quickly gets a job. His future in America looks promising. But not for too long though, as he quickly starts to perish under the misfortune of losing his wife, home, multiple jobs and the only son he ever had. Once Jurgis starts taking a socialistic view though, he becomes hopeful in his daily life. In The Jungle, Upton Sinclair hopes to use Jurgis’s unfortunate life to advocate for socialism....   [tags: Socialism, the Jungle, Upton Sinclair, ]

Better Essays
526 words (1.5 pages)

Essay on The Incas and Socialism

- 6/7/10 The Incas and Socialism During the history of early America, one of the most well-known peoples of South America were the Incas. The Inca Empire was one of the most advanced in America when the Spanish began exploring the Pacific coast of South America in the 1520s. One must imagine the shock of the Spanish Conquistadores lead by Francisco Pizarro when they marched into Incan towns and cities. Incan language, culture, technology, and social structure was very unique and very different from their own....   [tags: Government ]

Better Essays
1256 words (3.6 pages)

A Comparison of Capitalism and Socialism Essay

- Capitalism is superior to Socialism Capitalism is the world’s very popular economic system based on a free market, open competition, profit motive, and private ownership of the means of production. Capitalism encourages private investment and business compared to a government-controlled economy. Investors in private companies also own the firms and are as capitalists. By contrast, socialism, a government-controlled economy, is based on equality, social justice, and common ownership by the people....   [tags: Economics]

Better Essays
926 words (2.6 pages)

What Socialism Really Is Essay

- Socialism refers to a system in which production and distribution of goods and services is a shared responsibility of a group of people. Karl Marx developed the theories of socialism. He believed that socialism is the transitional period between capitalism and communism. In a state of socialism, there is no privately owned property. Under Capitalism, manufacturing enterprises dominate the economy but are privately owned and is operated to generate wealth for the owners and only a small fraction of the money is paid to the workers....   [tags: distribution of goods, shared responsibility]

Better Essays
1055 words (3 pages)

Essay on Is Democratic Socialism a Better Form of Government?

- Is democratic socialism a better form of government. Democratic socialism is a form of government whose popularity is growing exponentially. It is found that democratic socialism is a better alternative to capitalism and communism, two other very popular forms of government. Democratic socialism can be considered the best form of government because key industries are nationalized, there is an even distribution of wealth, and it produces a well working economy. The theory of democratic socialism is to provide a society in which the needs of all people, not just the wealthy, are met....   [tags: political and economic ideologies]

Better Essays
1906 words (5.4 pages)

Socialism Is Not A Miracle Of The Crumbling Nation Of Greece Essay example

- Socialism is not a nice word to Americans. An industrialized country, built upon capitalism, naturally views socialism as either ineffective or evil. Leo Huberman, a socialist, once said in his book Introduction to Socialism “The only thing most Americans know about socialism is they do not like it.” Albert Einstein viewed socialism as the only government that could function properly as understood from his many writings on the topic. How could you disagree with Albert Einstein. Historically, however, socialism has not been highly considered as a successful form of government....   [tags: United States, Cold War, Communism, World War II]

Better Essays
1257 words (3.6 pages)

Essay on Socialism

- Socialism      Socialism is a type of economic system, a political movement, and a social theory. Socialism is based on the idea that governments should own and control a nation's resources rather than individuals.      Socialism was first used to describe opposition to the free enterprise and market economies. The Industrial Revolution was the cause of many social problems. Long work hours, low pay, and poor working conditions caused Americans to first consider socialism. With government involvement in business, fairer treatment for all was feasible....   [tags: Government Politics Essays]

Better Essays
563 words (1.6 pages)

Socialism and Upton Sinclair's The Jungle Essays

- Socialism and Upton Sinclair's The Jungle In 1906, Upton Sinclair's Book The Jungle was published in book form; it had previously been published as a newspaper serial in 1905. Few works of literature have changed history in the United States so much as The Jungle did when it was published. It has been said that the book led to the direct passage of the "Pure Food and Drug Act" of 1906 (Dickstein) and that it lead to a decades long decline in meat consumption is the United States. The book is set in the early 1900's in Chicago; a time when true industrialization had come to the United States, and immigrant populations soared (numbersusa.com)....   [tags: Upton Sinclair Jungle]

Free Essays
1116 words (3.2 pages)

Socialism versus Capitalism in The Jungle by Upton Sinclair Essay

- Socialism versus Capitalism in The Jungle by Upton Sinclair Even before the beginning of the twentieth century, the debate between socialists and capitalists has raged. In The Jungle, by Upton Sinclair, he portrays capitalism as the cause of all evils in society. Sinclair shows the horrors of capitalism. In The Gospel of Wealth, by Andrew Carnegie, he portrays capitalism as a system of opportunity. However, both Carnegie and Sinclair had something to gain from their writings; both men had an agenda....   [tags: Papers]

Better Essays
1297 words (3.7 pages)