Communism, Socialism, and Capitalism, and the status of America

The United States of America is just not right anymore. The way the Obama administration thinks how the economy should be run is not right. The thought of running the American economy is just NOT RIGHT! Capitalism, which is what we call our economy is slowly fading from Capitalism and is slowly becoming more and more Socialistic. This is not good. This is not American.

In my article I will show you the differences and downfalls of the Communist and Socialistic economies and give you personal experiences why both of these are doomed for failure. Also on a brighter note I will show you why Capitalism is the best economic system in the history of the world, hands down and how the Obama is going to ruin it ALL.

**WARNING I AM A CONSERVATIVE** if my views conflict with yours...... TOO BAD! :)

Communism is an idea that came up around the 1850's by Karl Marx and Friedrich Engels and became very popular left ideas of poor wage workers working in Europe. The idea of Communism is the promotion of an egalitarian state and which the government owns everything and decides everything that has to do with the economy.

The first major reason why communism does not work at all has to with the mind sets of people. Why would somebody want to work eight plus hours a day and make the same wage as somebody who works on eight plus hours a week? Thus the incentive to work hard and to do good dramatically decreases, and when the drive to work hard and to do good drops then that means less people with jobs. Less jobs means less products for the government to distribute. Less items to distribute means more demand and greater demand means less that people get what the need. The cycle just loops around and around until the people fall into horrendous poverty that they cannot dream to recover under a communistic economy.

The second major reason why communism never has or ever will work is because the government cannot match or even dream of matching the amount of decisions that takes to run an economy. Everyday businesses make millions of upon millions of decisions everyday onto witch products need more production or what to do with prices or to even research better products. The government cannot do that. It is impossible to monitor the markets and promptly adjust prices like the millions and millions of companies and businesses do everyday. Thus the market does not stay up to date on current prices or demands.

The third major reason why communism is nothing but failure is there is no major competion in businesses. If the government controlls everything then why is there a reason to have more than one kind of product or have them at differnt prices. This sets up the problem of not devloping the next greatest invention or technology! Also if there is no competion in the prices then there is no chance for prices to go down to keep up with the competion and prices stay high to meet the current needs of the state.

Those three problems are just the tip of the iceberg when it comes to Communism and how bad it fails. So to sum it all up Communism = Poverty

European Socialism is the middle man in the grand scale of economies. They are not as involved in the way money works in their country but they are a lot more involved than the ideal capitalist economy.

Almost all of the European economies have incredibly high taxes that go towards all of their public programs. For instance in the United Kingdom if you are over 18 and under retirement age, you can apply to earn a weekly payment just simply looking for a job! The program is called the Job Seekers Allowance, or JSA for short. This program is funded by the people who are paying taxes, who have worked hard to earn that money. If you are of the ages of 18 to 24 you can get paid up to  £33.85 a week. If you are of the ages of 25 to retirement you can get paid up to £56.20 a week. As of June 17 2009 unemployment in the United Kingdom is 7.2%.The population of the United Kingdom as of June 2008 is approximately 61 million. That means in 2008 about 4 million people were unemployed. Which means about £145 million a week at the least was given to people just looking for a job! These figures do not even include unemployment that is also given to people. This program is just the beginning of all the welfare programs that other European countries have. So why would anybody want to pay more taxes so that somebody can get a weekly check for doing something that everybody has to do. 

Socialism ultimately leads to one inescapable fault in human nature. Why would somebody work as hard as somebody else if they get paid by the person that works harder than they do. So to sum it all up governments that "give" people money = laziness. This factor leads to over spending on the governments part and they soon find out that they cannot keep it up and have to cut back.  America is slowly leaning towards the left side called socialism.

The United States of America is the luckiest country in the world. For we have the best economic system in the world. It is always changing and has its ups and downs, but atleast it is not controlled by the government in any major way. We have the lowest taxes by far compared to any of the European Socialist countries. These are the reasons why capitalism is the best system in the world.

Sure we have unemployment, welfare, and social security, but we only have to give a small portion of our hard earned money to the federal government. We can elect to pay for health insurance or we can elect to go uninsured and have to pay the medical bills with what means we see fit. This means that we can do what ever we choose to do with our money and not have to give it away so that people can get paid to look for a job.

America is a land of opportunity. Everybody has the same chances that everybody else has. That is why I do not think it is right that I have to give my hard earned money away so that somebody can sit on their but and live off what I earned. Everybody has the same opportunity to earn what anybody has to make. Everybody, I mean everybody has to work hard to become successful. My father came from a middle class family with an immigrant father from Ireland. He worked hard is entire life and now makes a six figure salary. Now what is stopping people from getting out of poverty and making something of their lives. The capitalist economy inspires people to work hard and be responsible for themselves and their lively hood.

The capitalistic economy is able to make changes in its products on the spot and allows it to change to the needs of the people of the government. The government makes no decisions in what products are to be sold and no restrictions on how they are sold or distributed. ( Well the Cap and Trade Act that Obama's administration passed will set limits on the amount that factories produce!) This allows for the best products to be put on the market and the consumer is always able to obtain the lowest price for everything they buy. I do not have much to say about the greatness of a Capitalistic economy because you can just see the greatness. We were the strongest economy in the world until this recession hit and we WILL rebound to become the strongest once again, because Americans are able to work as hard as they want to achieve greatest profit possible and the governments lack of involvement in the economy allow for unhindered progress, but it allows for it to fail, just like it is now. So to sum it all up capitalism = hard work and fast growth.

To understand where our economy is now you have to understand were we were. In the history of our economy we have seen unprecedented growth and declines, but all of those are natural things that occur in our economy. In the 1920's we hade major growth. In sense it was called the roarin 20's! But what goes up, must come down and did it come down hard. In 1928 the stock market crashed and drove the economy into a major depression. FDR brought about major social changes to fix the economy. They were necessary back then and were needed badly. After the war the American people saw their economy slowly being pushed to the left. Then the era of Regan came along. He lowered taxes and saw the greatest growth in the American economy in history. He halted the previous push left of the other presidents and started to reverse it. Now we have the era of Obama and now we are falling of the cliff to the left and falling deeper and deeper into recession. His spending is not making anything any better and I do not agree with his policies. He is turning this country into a socialist economy and I absolutely HATE how he thinks that he is supposed regulate the economy when the whole magic behind it is the people, not the government. So if I was going to say where the economy is I would have to say that we are on our way to socialism but only half way there. And some of you out there are wondering were do i get off saying that I don't know what I'm talking about because I am only 17 years old. Well in 5 months it will be my problem and it will involve me and what happens to my money. So I am trying to learn as much as I can about our economy so I wont make the same decisions as other people did. If you do not agree with me and my views comment me and I will be happy to write another hub further explaining my views! :)