Capitalism is in most aspects a refined form of all economic systems in history. While, many socialists see it as barbaric and competitive, capitalism represents the basic system nearly all countries practice on a national level. The difference between capitalism and socialism is the level on which they choose to practice capitalism. The United States practices capitalism on an individual level more so than say Great Britain and much more so than a true socialist …
showed first 75 words of 1465 total

showed last 75 words of 1465 total
…of these fundamental rights that allows capitalism to flourish as an economic system. The distribution of wealth among individuals is ideal since it leads to a more equal opportunity situation. Since wealth is more fairly spread, it creates a system of competition in which progress and technological innovation are common place. A capitalist society is the only one that will allow for the creation of technology to reduce the work week of the average man.