We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy

Capitalism vs. Socialism Essay Sample

The whole doc is available only for registered users OPEN DOC

A limited time offer!

Get a custom sample essay written according to your requirements urgent 3h delivery guaranteed

Order Now

Capitalism vs. Socialism Essay Sample

Recently, there has been a lot of controversy concerning socialism verses capitalism Economic forms of governments. There are many pros and cons to both economical forms of government. In this essay I will give you a look at what a person from the opposing side of each form of government would say about the other. We will be looking at a Belgium socialist “Jean- Paul” and a US capitalist “Julie” having a conversation about why there country of residence is the better place to reside.

Jean Paul living in the US with its capitalist government is much better than living in Belgium socialist economy. It is in a capitalist economy that hard work is rewarded. Everyone is not paid the same, nor are our jobs picked for us like in Belgium. We have entrepreneurs who do well and are able to better their business, make more money, and grow. The consumer market facilitates the manufacturing of products not the government. This opportunity makes US residents happier and more motivated toward finical freedom. That is why there are far less personal debt here and our taxes are lower.

Julie you Americans are so self-centered. Your consistent production of products are going to ruin our planet, eventually we will have no natural resources due to over production. We are a planned economy, so we have an efficient use of our resources. Profit will not be the aim of our policy making as it is in a capitalist economy. There is no extreme inequity because social welfare is our goal not personal wealth.

Jean Paul I think you are wrong, in your economy you have no freedom. The state dictates where you will work and what products you have to choose from. Citizens there work out of fear of higher authorities. Belgium even has lack of technology due to its fear that innovation will alter the state’s plan. I could never live without the freedom of my capitalist economy.


Text Book-Understanding Business : Nickels, McHugh, McHugh
Website- http://indianblogger.com/understanding-socialist-economy

We can write a custom essay

According to Your Specific Requirements

Order an essay
Get Access To The Full Essay
Materials Daily
100,000+ Subjects
2000+ Topics
Free Plagiarism
All Materials
are Cataloged Well

Sorry, but copying text is forbidden on this website. If you need this or any other sample, we can send it to you via email.

By clicking "SEND", you agree to our terms of service and privacy policy. We'll occasionally send you account related and promo emails.
Sorry, but only registered users have full access

How about getting this access

Become a member

Your Answer Is Very Helpful For Us
Thank You A Lot!


Emma Taylor


Hi there!
Would you like to get such a paper?
How about getting a customized one?

Can't find What you were Looking for?

Get access to our huge, continuously updated knowledge base

The next update will be in:
14 : 59 : 59
Become a Member