In the capitalist society of The United States of America the economy is faced with many problems that come along with a society that relies on destroying the competition in order to gain a profit and be successful. This competition can raise problems such as Corporations that control the manufacturing and prices of one product or service. Capitalist Governments have little to no control over how big they can get, and try to regulate this through many laws. However these regulations don‘t always work, and allow corporations to take advantage of loops holes which allows corporations to have to pay less taxes. This problem is not prevalent in Socialist systems of government because of heavier regulations in order to protect the people and not
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According to Merriam Webster the definition of socialism is, “a way of organizing a society in which major industries are owned and controlled by the government rather than by individual people and companies” (Merriam-Webster). In The United States of America the words “Communism” and “Socialism” are used interchangeably, and although they have similarities they are very different systems. Socialism involves more government involvement in order to regulate the economy and government to help the people more and to allow the socioeconomic system to lead more to the people and help lessen the societal classes. Socialism addresses many of the problems that affect capitalism such as multi billion dollar companies controlling or taking over one industry, and forcing competition to be defeated and crushed in order to be the richest and most powerful corporation. In …show more content…
This eliminates many of the stresses that teenagers face when they become adults and have to live on their own. Free Education from Kindergarten is seen as a must for socialist countries and the state meets the needs of the people and pays for world class education. Socialists countries such Norway, Denmark, Finland and Sweden provide professional education at no cost to the people. Healthcare is a basic need met by the government to help and alleviate costs on the people and allow them to have less worries of not having enough money for the necessities or in an emergency was to happen and money wasn’t available for basic health care (6 Ways Socialism Is Superior to
According to Merriam Webster the definition of socialism is, “a way of organizing a society in which major industries are owned and controlled by the government rather than by individual people and companies” (Merriam-Webster). In The United States of America the words “Communism” and “Socialism” are used interchangeably, and although they have similarities they are very different systems. Socialism involves more government involvement in order to regulate the economy and government to help the people more and to allow the socioeconomic system to lead more to the people and help lessen the societal classes. Socialism addresses many of the problems that affect capitalism such as multi billion dollar companies controlling or taking over one industry, and forcing competition to be defeated and crushed in order to be the richest and most powerful corporation. In …show more content…
This eliminates many of the stresses that teenagers face when they become adults and have to live on their own. Free Education from Kindergarten is seen as a must for socialist countries and the state meets the needs of the people and pays for world class education. Socialists countries such Norway, Denmark, Finland and Sweden provide professional education at no cost to the people. Healthcare is a basic need met by the government to help and alleviate costs on the people and allow them to have less worries of not having enough money for the necessities or in an emergency was to happen and money wasn’t available for basic health care (6 Ways Socialism Is Superior to