Site Loader

          There are three main forms of government; capitalism, socialism, and communism. The history of capitalism is often debated and has diverse roots.   But generally is believed to have emerged in north-west europe around the Netherlands and Britain in the late sixteenth, early seventeenth century.   Socialism is defined as, “a political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.”  This means that the government can control distribution of necessities to make sure everyone gets an equal part.  Communism is and ideology, created in the twentieth century, where the government has complete control over wealth, production, and the state.   In North Korea for example, the government controls what everyone learns, food, jobs, and everything else you can think of.   All three of these ideologies have their differences, but they also have similarities.           We are most familiar with capitalism because the United States is a capitalist country.  Capitalism is a market based economy made up of sellers, companies, and buyers, the people. The services and goods produced are intended to make a profit which is then later invested into the economy.  One advantage is consumer choice; this creates competition among businesses to create better quality consumer goods. One disadvantage with capitalism is the presence of social structure.  Because of consumer choice and economic freedom, people have the ability to rise through social classes as well as sink through them.  Since a socialistic government controls the wealth of the government, there is no class distinction.  They both have freedoms, but capitalism has more economic freedom. Socialist countries don’t just control the money of the country but also a good portion of the people. In 1980, China created a “one child” policy which limited each family to have one child.  Forced abortions and sterilization were enacted for those who didn’t comply with the policy.  In 2013, China confessed to 196 million sterilization and 336 million abortions since the start of the policy.  But, the main differences between capitalism and socialism revolve around the government and their view of equality of economics. Capitalism allows consumer choice, economic freedom, as well as economic growth; meaning, you can do what you want with your money.  Whereas socialism decreases business fluctuation but provides for a greater social welfare.  Overall, socialist countries have more control over the people but they don’t have complete control. 

Post Author: admin


I'm Erica!

Would you like to get a custom essay? How about receiving a customized one?

Check it out