Throughout history there have been two basic forms of social organization: collectivism and individualism. The collectivism has taken many forms: socialism, welfare-statism and communism are its more notable variations. The only social system commensurate with individualism is laissez-faire capitalism. In the simplest terms, capitalism can be defined as the condition of possessing capital -- the original funds or principal of an individual, company, or corporation, which provide the basis for financial and economic operations. The …
showed first 75 words of 480 total

showed last 75 words of 480 total
…None of social systems have been perfectly success in a society. We have to concede that capitalism still has some problems. For example, a widening gap between rich and poor, a short-term outlook, speculative drones, and circulating economic decline. Some of these problems have been obvious for hundreds of years. I think the best solution so far is democratic government that alternates between capitalist and socialist, each acting as a check to the other's excesses.