what is the importance of ideologies in maintaining economic systems?

Question

ive been thinking about this.. but i dont know and how can i cmpare feudalism and capitalism with the responce...?

Answer 1

Ideology, philolosphy or value systems what ever you want to call it are fundemental building blocks of a civilization which is required to have any kind of economic system.

I don't see any comparision with feudalism with capitalism although I think feudalism is better than socialism. For example in a feudal state the serfs worked the property of the lord. The serfs were required to give 20% of all they produced (on the owners land) to the owner. In return the owner provided security and maintained his own army (warriors, knights) . The serf was not required or expected to do any of the fighting.

In the modern socialist state. Citizens are routinely taxed over 20% of what they produce on their own land. And are expected to be part of the military.

Capitalism is just free enterprise. Where you keep what you produce.

Capitalism (Free Enterprise) is compatible with Freedom. Socialism and Feudalism are not.