Capitalism versus Socialism in a Home Based Business EnvironmentsCopyright © Dock J. Murphy
http://www.GlobalWealthDJM.comCapitalism versus Socialism in a Home Based Business Environments
Though capitalism has made the United States the richest country in the history of the planet,
there are still detractors (with great numbers) who would prefer the country move to more a
Socialistic form of economy. These detractors, by and large, are not uneducated, communist
haters of America. They are liberal leaning patriots with an idealism that many in the past have
had. On paper, few can argue that the socialist utopia sounds nice. Everyone working for
everyone, pulling their own weight, and sharing alike the bounty of the land. It’s hardly a step
forth from the way the Native Americans lived in the days before European settlement. The
trouble with socialism (beyond what some consider at the outset to be an unfair and stifling
dogma) comes with its application. Even more so than with free enterprise, the rich get richer and
the poor never have a chance for advancement. Greed sets in among those in the highest levels of
government, and eventually, rather than all working for all, all are working for a few. With
capitalism, at least in its strictest form, everyone has an equal shot.
Before we go any further, let’s define capitalism. It is, basically, the existence of a free
marketplace, where people may set their own prices for their services, and the market will
determine whether or not a product or service can be sold for that price. The government, except
in extreme cases of corporate monopoly, stays out of the way. The theory behind the system says
that products and services will naturally balance due to supply and demand. The more people
want a service or product, the higher the price (with factors such as production costs and
advertising of course playing a part). The lower the demand, the lower the cost. And, of course,
the rarity of a product or service will also play a gigantic role in setting the cost. With this system,
the stage is set for competition. This, in turn, helps drive prices to their lowest possible set point,
while encouraging a system that allows everyone a chance at the brass ring. The smartest, the
hardest working, the most ingenious–these people will rise to the top in a capitalist society.
On the other hand, let’s look at socialism. In a socialist system, the government provides the
country’s basic needs and requirements. It sets the price on health care, food, schooling, housing,
and almost everything else. Most often, these basic needs are free of cost to the general
population. Those who do no work whatsoever are provided for just as well as those who work
the hardest. There is little chance to become rich in a socialist economy, and little incentive to be
the best or work the hardest at anything. The idea that everyone is equal is taken to the extreme.
Except, of course, this becomes perverted in almost every socialist nation. The government reaps
the reward of the populace’s hard work, and the politicians (who may or may not be in office due
to a general election) become the only example of wealth in the country.
As a business man or woman, you owe whatever success you might have first and foremost to the
fact you live and work in a capitalist society. Your advancement will be as high and far as your
merit will take you. Your ideas and speech are free, and the only thing holding you back is your
own limitations. At the same time, we live in the most generous country on Earth. Through
government programs and, more importantly, private charities, we take care of those less
fortunate better than any other economy. This is why capitalism will continue to prevail, and the
United States will continue to be the world leader in progress and innovation.
Author Resource Box
Dock J. Murphy is owner of Plug in Profit Site.com and writes on a variety on a variety of subjects.
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