What is the role of government in the economic system of capitalism, socialism, and communism?

Answer 1

Capitolism is private ownership. So, the govt does nothing except maybe collect taxes and set some rules for interactions between businesses.

Socialism and Communism have different types of centralized community ownership of property, and while that is often done by the govt there is nothing inherent in either system requiring the govt (law making/enforcement body) to be the property owners.

Answer 2

That's quite a tall order, to answer for all three! Having been a lifelong resident of the United States of America, I can only testify from experience in the capitalist (free enterprise) type of system. The United States was founded by Christians who had the Bible as their law book, and basically modeled the free enterprise system described therein (for Old Testament Israel) as the basis upon which Americans could live under "government by consent of the governed." There are many who would say, with some basis in truth, that we have drifted since the 1930's to a semi-socialist system. Who do people turn to for help rebuilding when a natural disaster strikes? When they want a loan to start up a business? The government! Rightly so? Or has government entered a great many businesses in which it doesn't belong? Does wholesale confiscation of earned income serve a legitimate end, in the ideal free enterprise (capitalist) system? Some conservatives, myself included, think that Ronald Reagan was our most recent great president, ranking right up there with Lincoln, Washington, Theodore Roosevelt, FDR. Reagan was all about trying to down-size government back toward the original definition in the U.S. Constitution; where the federal government's role was limited to three things!! (1) national defense, (2) regulation of interstate commerce (including printing of currency and having a postal service), and (3) law enforcement! A lot of Reagan's agendas did not get done, because the Congress opposed him on those particular issues. But Reagan brought taxes down somewhat and helped the U.S.A. enjoy a lot of economic growth. For some further insight, I highly recommend reading a good hard-covered book entitled, An Enterprising Life, by Jay Van Andel, who was personally acquainted with Reagan and then-Vice President George H.W. Bush. You will want to own a copy. It makes for great reading and is very inspiring as well as informative.

Answer 3

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I think social democracy is the best system. It's basically the system that Sweden has, and it seems to be working great for them. I don't think the economy should be completely controlled by the government, but capitalism gives too much power to the corporations at the expense of the working class.

Answer 4

capitalism is to make sure the economy flows and grows stronger. there is barely and government control in this system.

Socialism: has both capitilstic and communits views. Tend to havelimited control over the economy, but interupt if need be.

Communism: Total government control if it is pure.