Lots of people don't know much about either economic system, but when all is said and done, I say the main difference is....
The kind of dreams you dream when you are attached to one or the other. I have been reading a book on retirement and one of the aims of the book is to promote the idea that saving money without dreams is just saving money and won't lead to a fulfilling retirement.
What do you dream about and which economic system will be the avenue to those dreams?
"saving money without dreams is just saving money and won't lead to a fulfilling retirement."
Reminds me of a lyric of an Eagles tune where they sing " some spend all their time making love and others spend their love making time.
This country is becoming accustomed to socialism and has for some time. We just have a more palatable rendition of it.
So sad when the dream is for a free education and $24,000 a year. (Living wage$15/hour) What happened to the dream of being president of the university and the sky is the limit. We are fogs in lukewarm water gradually being boiled to death.
I don't know if it is the free part as the odds are stacked much higher against the opportunities that were afforded the masses in the past. The governments willingness to incur more and more debt while cutting the taxes to those who profit easiest has put us all in a race to the bottom. Free education is a right in many European countries who have the top standard of living are doing better than us who hope our country will look out for our best interests. We are headed to a revolt against the greedy ruling class and their neglect of those they supposedly represent.
There is no such thing as free education in European countries. The countries that offer free Ed have higher income tax burdens. Free education in America would mean raising the taxes...its not free, it would be a greater burden on tax payers.
Somebody has to pay. Not even teachers are sanguine about low pay despite the amazing rewards of teaching.
Not if you shift the focus of the economy. The economy is set up to capture all the capital there is and send it on up the line to the rich. Nothing comes back down as a result. Our consumer based economy is shriveling up because the consumer makes less and less as a result of the job loss and corporate welfare strangling us. You are correct that nothing is free and that the taxpayer is footing the bill. But the current circumstances of a military and government run amuck in red tape and overtures is why it is hard to make such a thing currently available.
What do you mean "unavailable"? What is unavailable - the taxpayer funding to educate people at no cost to the student or free education? The two are not the same, as you point out.
The consumer based economy is shriveling up because of consumer greed, not corporate welfare. Insistence on the lowest possible price rather than "made in America" is what causes job loss, after all. Although there are a few corporations that have received "welfare" (and paid it back) they are few and far between. Perhaps a dozen out of the millions of corporations in the country? Although I find it reprehensible, it isn't going to ruin the economy, but refusing to pay a few dollars more for "made in America" certainly will, and is.
When you have time, go back to the about 60 years and study the way capitalism was taught then. In our present nearly socialist economy is set to send all the bucks to the powerful. The little guy always gets the fuzzy end of the lollipop.
by Scott Bateman15 months ago
Does capitalism encourage greed? Does socialism punish merit and efficiency? Or do both philosophies have good and bad aspects?
by yellowstone87504 years ago
As A political historian I have debated this a lot in the classroom. I think there are four: 1. socio-democrcy 2. socialism 3. communism 4. Moaism/Stalinism. I am curious what, if any, differences you see. I am working...
by Elliott_T5 years ago
I'm a Capitalist - what that means to me is that the closest thing to an ideal economy we can achieve is one where the government has almost no interference in the private business sector whatsoever. I think you can put...
by Brian6 years ago
I was talking with a group of friends the other day. and I suggested that there should be a national tax, where the money collected should be distributed evenly among every U.S. citizen, and I was labled as a...
by James Smith5 months ago
Bob, Peter and Lucy all own land of an equal size, and respect each other's right to it. Bob grows apples on his land, Peter breeds cows on his land, and Lucy grows wheat.1. - Bob trades a basket of apples with Peter...
by Kathryn L Hill3 years ago
-today in the Forums, it was stated that socialism offers freedom and low taxes. This is what we have learned today, 3/9/13 from advocates of Social Democracy for the United States (A Social Democracy promotes a gradual...
Copyright © 2016 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.
HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.