A capitilist societs is better then a socialist one

You offer some good points against socialism, let me first offer some points against capitalism. Capitalism results in two things, competition (which the pro mentioned), and profit Look in the news in any site and you will find a story of how a company went to extreme lengths to obtain profit. Banks handing out loans guaranteed to fail, other banks foreclosing on homes where the owners paid off their mortgages long ago, individuals constructing elaborate Ponzi schemes to take billions away from innocent investors, the list goes on. The pursuit of profit does have many set backs on a corporate level. In the early days of the industrial revolution many companies produced such an excess of goods that it drove mom and pop stores out of business because they could produce the same goods they were selling 10x faster and 10x cheaper. One cannot simply protect such family owned businesses from all large corporations, imagine defending 20 family businesses from losing profit against the massive Wal-mart that opened up just down the street. Capitalism creates competition that can be very unhealthy and wipe out smaller more honest businesses. There are two ways to keep costs down of an item in a capitalist society with the same number of workers, one is invest enough available resources to increase productivity, the other is too use less safe materials and lower working standards to maximize profit. Laws such as the minimum wage and allowing unions and overtime had to be implemented just to keep ravenous companies from going to extreme lengths to become profitable. Capitalism drove this because it drove the desire for more profit and when the needs to increase production have been reached or cannot be expanded, companies wont stop looking for ways to score. They will exploit every loophole they can find if it helps them make a buck. Consider the Occupy wall street movements. This exemplifies how greed for profit can go too far in a capitalist society but some of the other messages that the same group is campaigning against also show the woes of capitalism. Recently in this great country a law was passed that allowed corporations to make unlimited donations to political candidates of their choice under the idea that money = speech. If you look at the Congress we have in session right now, it is now the best Congress that MONEY CAN BUY. Corporations will fund candidates if their views means more profits for the company donating money to him/her, often companies driven by greed will make donations to try to influence their policy decisions that could affect their own wallets. Remember when global warming reports were at its zenith? Oil companies and Coal companies paid thousands of dollars to try to show that they were making an honest buck and in some cases paid scientists to denounce global warming to protect the slandering of their image. Capitalistic countries will always house companies that will go to extreme lengths not only to maximize profit, but to defend their revenue if they feel it is threatened. Capitalism can drive economies into huge recessions if all of a sudden a number of bank loans fails or prices suddenly go up, etc. The economic crisis during the Carter administration was triggered by an Arabic boycott of oil exports to the United States, and even though it was just one resource the process soared, people couldnt get gas, productivity suffered, inflation started to affect other goods, and Carter himself couldn't fight it. Recessions and depressions can be triggered by a multitude of things out of the blue and that gives capitalism a very risky outlook on the present and the future. If you remember the 2008 recession you could recall how even today it isnt quite understood just how it started. Socialism now is the missing link between Capitalism and Communism. It is usually a transitional phase and no country except maybe Sweden today has ever based an economy off of it because all the previous nations before that were socialistic became communist and meet their ends. But wait, what about China? Last I checked they were super communist and they are rumored to match the US economy in a matter of years now. So capitalism maybe risky and proven but socialism in its normal state and extreme state do have success stories. When Soviet Russia was at its height it was a purely communist country and they put up a terrific fight against capitalism during the Cold War In a socialist economy, the government owns most of your belongings. That is very true but they are still yours arent they? The government owns them but they could never actually burst into your home and start seizing what is theirs to pay for a war effort or something..... If the government owns your house but your the only one living in it then you could own your home in a figurative sense. As for Africa they are doing poor economically for a number of reasons. Civil war, under development of infrastructure, inflation, poor economic systems, military takeovers, unnecessary wars with their neighbors, high birth rate, Aids and Malaria, religious extremitism are a number of reasons. However I distinctly learned about a time in history when Africa was colonized by a number of European countries during the 1900's, a number of capitalistic countries that is. Capitalism and Imperialism collided and drove nations themselves to annex distant lands they knew nothing about just for exploiting resources. Capitalism does not bring out greed in companies or people, it can bring out the greed in a country or even an entire continent to occupy another continent. In some cases doctors are paid as much as cashiers, this is to prevent a disparity in income between classes of society, the income gap of America is so bad that in terms of income equality the US is tied 52nd in the world for MOST income inequality, guess who else is tied with us at 52.......... Ghana and Turkmenistan...... http://www.nationmaster.com... Whose at the top of the list with the most income inequality? the top 10 are Nambia, Lesotho, Botswana, Sierra Leone, Central African Republic, Swaziland, Bolivia, Haiti, Colombia, Brazil Countries that have the least income inequality Denmark, Japan, Sweden, Czech Republic, Slovakia, Norway, Bosnia and Her., Uzbekistan, Finland, Hungary By the way Germany, the largest economic force in Europe, who was a key player in the Greece bailouts, Germany ranked 113 in income inequality (14th for equality) Greece ranked 85 in a tie with Ireland and Indonesia Point is: capitalism leads to a lot of income inequality where in its extreme rarely works out socialism creates income equality and there are many success stories behind socialist-leaning economies In a perfect world and only in a perfect world does work equal success. Capitalism though is a very dirty system where people can climb to the top through inheritance, illegal deals, bribery, merging with their competition, etc. to climb to the top. The idea that no increase in salaries causes people to not be their best but consider this.... How many people do you think became doctors or lawyers or business men simply because that is where the money was? If incomes are fixed and at a reasonably close rate then that could allow for people to strive for what they truly want to be. If the income were the same then people could pursue their passion without fear of economic setbacks. If people pursue the carrers theyve always wanted then productivity would not wane as the Pro suggests. In a socialist system the government controls the production and price of almost all goods. This system does not spawn individual wealth or prosperity, instead it freezes the economy in a state of little growth just to bring balance. It does have flaws but in a socialist economy the greed for profit is removed from the system and everyone earns the same wage for pursuing their own passions.