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1Originally posted by: return_to_hades
They are both perfect world scenarios. A perfect world does not exists. As such there is no perfect economic system.
there is no perfect capitalism as there is always interference of government especially when the economy is in bad shape. even some economists who are a big supporters of capitalism will still suggest that it will be best for government interference in some kind of injections, price ceiling, price floor, etc,. if the economy is experiencing a recession or worse slump and gloom. like for example the united states is nowadays a very supporter of free trade, invisible hands and free market but still the government is injecting millions and even billions of dollars to help stabilize the economy in united states which is greatly affecting the economies of the world.
capitalism is a person works for himself those people who work hard will get more and those who are lazy will get less. but socialism made people lazy cause even though they work hard or not they will achieve the same thing with those people who work hard. that's why people will stop working hardly and dilligently and start being lazy cause they think that they will accept the same amount. capitalism is destroying the world's economy but actually it has been proven in the past that capitalists countries are actually the world's greatest contributor of gdp and was therefore dubbed the first world countries. those are developed capitalists countries whereas the developed socialists countries were considered the second world countries as they did not contribute as much as the capitalists countries did. many people and countries have succeed in embracing capitalism and reduced the numbers of poverty greatly.I think socialism is dreamworld of communist belivers,and I dont think socialism make people lazy........Capitalism is part of selfish world,No equal rights.......I think capitalism distroy the world economy slowly......now a days we can see the symptms...
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