still Capitalism or change to socialism?

Question

clarify: which is better to be established generally to answer the current problems

dont be corny, be serious
please explain
thanks for helping me in my school essay

uhm... IN THIRD WORLD COUNTRIES..

kindly explain

BOTH AS A GOVERNMENT

Answer 1

My view on capitalism is "Different strokes for different folks."

Different countries have their own problems, and some countries HAVE to resort to socialism to IMPROVE their current state of affairs.

Take Bolivia for example. Bolivia is a supplier of gas. For years Bolivia has been run by a bunch of people who are not descended from indigenous Bolivians and are usually very rightist. A lot of crooks have been in the government, because an underdeveloped and poverty-ridden country a playground for political corruption. To make money (usually for themselves) these leaders have allowed outside investors to come and posses their land where their gas reserves are. Through this globalization, the money was going out of the country and into the hands of private investors (who usually cut a check to the leaders who helped them get this money). Because of this, inflation occured.
I'll briefly explain this inflation to you.
Let's say 100 Bolivian dollars is equal to 1 American dollar. An American investor converts his cash to Bolivian cash, and suddenly, he's a millionaire in Bolivia. Suddenly, Bolivia is short 99 dollars. This makes the value of the Bolivian dollar plummet even further because foreign investors (because they are allowed to) continue to do this. Pretty soon 100,000 Bolivian dollars is equal to 1 American dollar.
Now, the coca farmer who makes $0.10 a day can't even afford to buy bread. The bread man HAS to raise his prices because he is getting his bread from (usually) foreign companies and it costs him 99 Bolivian dollars to pay for $1 bread. Therefore, the people are starving, and the bread man is the only man who can afford to buy from the wheat farmer, who he cheats by paying maybe 1 Bolivian dollar for his wheat, but the farmer has no choice but to sell it to him because it is better than the $0.10 the coca farmer could only afford to pay him for it.
This inflation virtually ELIMINATES the middle class and creates a HUGE gap between the rich and the poor.

By not practicing capitalism correctly in the first place, Bolivia has found itself in a mess. Recently, however, Evo Morales (an indigenous Bolivian who was a coca farmer) was elected president. Realizing the hardships of the poor, Evo has HAD to take the step to NATIONALIZE the gas reserves that are owned by the private foreign investors, that way BOLIVIA will make the money, and wealth can be redistributed.
The reason this socialism gets a bad reputation in America is because a lot of those investors are American. They don't like losing that humongous deal they were making. But put yourself in Evo's shoes. How ELSE would you fix the economy? I think that this socialistic approach is in fact a step TOWARDS a successful capitalist economy.
Once the middle class is restored, Bolivia can start to improve its market economy. There can be more transaction. And correct capitalism can be put into place.

AMERICA, however, should NOT change to socialism. We are a STABLE economy. Countries in Latin America usually are not, and we should realize that we CREATED the Latin America today. THAT's why Chavez gets so angry at us. Now, let me clarify that I do NOT agree with how Chavez conducts himself at certain times, but it IS understandable where he is coming from.
And for the record, I do not support Castro.

Answer 2

Both are ideologies and a distortion of reality. Look at history. Whenever you have almost pure capitalism, such as the Gilded Ages, you see that millions of people are exploited in factories when a very small number of people, like Carnegie, enjoy vast sums of wealth. Whenever you have almost pure socialism, such as USSR, the system ultimately fails because nobody works and it is so inefficient. You need a mix of both. Don't subscribe to one ideology. Apply ideologies to what you do. The results will be a lot better.

Answer 3

Thats pretty easy, depending on what you see as a problem. If people running around doing what they want and generally living free is a problem socialism is the answer.

If poverty is the problem you are concerned with Capitalism is the best choice. Just look at a couple of recent examples. In Zimbabwe they went from Capitalism to socialism and went from a food exporting nation to starving. In China they opened up their markets to capitalism and have one of the fastest growing economies in the world.

What else to you need to know.

Answer 4

Hum! Tough question.

Let's see!

Some would consider helping sunami victims not socialism, but helping victims of hurricane Katrina would be seen as socialism.

Some would consider given nobid contracts to Haliburton as not being socialism, but would consider providing homes and meals to the destitute as socialism.

Some would consider bailing out United, American or Delta as not being socialism, but the same group would consider as socialism helping a family keep their house by avoiding the abuses fostered under the ARMs.

If you are a good and caring person, you attempt to help those in less fortunate situations. If you a greedy, uncaring, sewer slug you slash your way though people to get to the gold. So why should a caring person [or government] be characterized as socialist [which to many is the same as communism]?

Answer 5

In theory, Socialism would be better. In reality, Capitalism is better. There isn't as much motivation to progress in a socialist society. Too much government regulation stifles economic growth. Some regulation is necessary to protect the public from abuses or dangerous products, but too much destroys the free market system. Also, socialism requires an authoritarian figure and a government that has to not be corrupt to succeed. That has never happened because power corrupts. We need the free market system with limited government regulation, and limited social programs in a capitalistic society for freedom and democracy to flourish.

Answer 6

Personally I think that capitalism has gone too far. It has degraded into materialism and increased debt spending throughout the country. That leads to a lot of overpriced junk, a lot of overworked and overstressed folks who think they can never truly achieve their goals, and a lot of people approaching retirement age wondering why they don't have enough savings to properly support themselves.

Tax programs that go toward things that everybody needs such as health care and education just lower the number of people that go into vast amounts of debt. Creating more tax breaks for people who save and increasing taxes on people who spend more could create some self-correction in the financial system though.

Answer 7

The current problems... in Iraq? Capitalism -- the hardcore laissez-faire kind -- all the way!

But stop being so impatient and give it some time to work, OK?

Answer 8

The Capitalist system, despite its many improvements, still continue to live off the life blood of the Proletariat, and so far its working, GO CAPITALISM!

Answer 9

If you want to make it on your own capitalism is the way to go no limit too what you can do If you want to be taken care of socialism is for you,but be prepared to watch the downfall of your country

Answer 10

ask where socialism ever worked period.if you want a land where you have to give half of your pay check to people who refuse to work then by all means go for it.just look at britain ,france ,cuba,etc. it is failed economics.and just plain stupid.