The market economy of capitalism is controlled by the people, with little …show more content…
France and India maintain a strong economy while their government controls every aspect of life. The poverty rates, unemployment rates, and difficulty to start a new business is a main problem for a socialist economy. Socialism does help with maintaining the greed for most people, free healthcare, and free education. Although, taxing is at an all time high to support all of the “free” programs. Socialism and communism are very similar in those ways. Communism is the highest on the scale for government control; they have the authority to control all money and decisions made by the common people. The failure rate of socialist economies is higher than any other type of