Socialism Socialism Vs. Capitalism - 1156 Words

Eric Butterbaugh Mrs. Penwell English Composition November 8, 2015 Socialism V. Capitalism In the past the word Socialism or Socialist has been used with a negative connotation but recently with the rise of Senator Bernie Sander, Independent from Vermont, running for the Democratic Nomination for President of the United States of America, it has became a positive word that many people are finding themselves agreeing with and flocking to see a Socialist speak about economic and social problems facing our country. But there are still many people who believe in Capitalism and that it can still work in our country. Every other candidate for President is a â€Å" Capitalist† and have used that to separate themselves from or attack Senator Sanders. But most people do no actually know what the political and economic meanings or dealings that come with either ideal. Our history books do not do a good job of showing the real effects of Socialism or Capitalism. Socialism is the best type of economic for various reasons. And historical examples of when Democratic Socialism has improved America. The only example of Democratic Socialism that one would need to see that its better than capitalism is a history lesson on the Great Depression. On October 29, 1929, the American stock market crashed after having a ten years of growth and Hundreds of thousands of American lost their money and savings and stocks. The Nation had no money what so ever, banks closed down, companies went bankruptShow MoreRelatedCapitalism Vs. Socialism And Socialism868 Words   |  4 PagesCapitalism vs Socialism Capitalism and socialism have been two school of thoughts in economics that have opposing factors, and there have been a lot of criticisms and comparison on which economy is better in terms of economic equality, and the role that the government plays in the society. 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In the story â€Å"Harrison Bergeron†, both Socialism and Capitalism are made fun of through extended satirical references. In the story, Vonneguts future predicts a rise of Socialism in America. However this Socialism relates to the equality of results as appose to equality of results. Vonnegut paints this very ugly picture of Socialism despite his views against Capitalism because of the misconceptions of the AmericanRead MoreEconomic Systems: Socialism and Capitalism Essay1018 Words   |  5 PagesI have observed that when Americans discuss the relative merits of socialism vs. capitalism, the chief debates that come up are †¢ What would happen if we remove the stimulus for innovation and productivity that a free market generates? 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