Edgar Solis
Professor Shea
English 101
12/10/2017
Capitalism Vs. Socialism: Which is better and which is moral?
Socialism is no new thing. It is not new to mankind. It is an idea, the promise of a better life for all, that has been around of centuries. Several nations around the globe have experimented with this economic system, but although it is a system that has been tried, it is not one that is all that true.
There have been great strides towards socialism and away from capitalism in recent years. Over the past few decades, this movement has gained momentum, and has become quite popular among the youth of our nation. There has been an ostensible rejection of the market economy the U.S. has today in our youth. A recent survey by Harvard University indicates that most young people do not support capitalism. They conducted this poll on young adults between the ages of 18 and 29, and they found that “51 percent of respondents do not support …show more content…
For those who grew up during the Cold War, capitalism meant freedom from the Soviet Union and other totalitarian regimes. For those who grew up more recently, capitalism has meant a financial crisis from which the global economy still hasn't completely recovered. Although the results are startling, Harvard's questions accord with other recent research on how Americans think about capitalism and socialism. In 2011, for example, the Pew Research Center found that people ages 18 to 29 were frustrated with the free-market system.
In that survey, 46 percent had positive views of capitalism, and 47 percent had negative views — a broader question than what Harvard's pollsters asked, which was whether the respondent supported the system. With regard to socialism, by contrast, 49 percent of the young people in Pew's poll had positive views, and just 43 percent had negative
Professor Shea
English 101
12/10/2017
Capitalism Vs. Socialism: Which is better and which is moral?
Socialism is no new thing. It is not new to mankind. It is an idea, the promise of a better life for all, that has been around of centuries. Several nations around the globe have experimented with this economic system, but although it is a system that has been tried, it is not one that is all that true.
There have been great strides towards socialism and away from capitalism in recent years. Over the past few decades, this movement has gained momentum, and has become quite popular among the youth of our nation. There has been an ostensible rejection of the market economy the U.S. has today in our youth. A recent survey by Harvard University indicates that most young people do not support capitalism. They conducted this poll on young adults between the ages of 18 and 29, and they found that “51 percent of respondents do not support …show more content…
For those who grew up during the Cold War, capitalism meant freedom from the Soviet Union and other totalitarian regimes. For those who grew up more recently, capitalism has meant a financial crisis from which the global economy still hasn't completely recovered. Although the results are startling, Harvard's questions accord with other recent research on how Americans think about capitalism and socialism. In 2011, for example, the Pew Research Center found that people ages 18 to 29 were frustrated with the free-market system.
In that survey, 46 percent had positive views of capitalism, and 47 percent had negative views — a broader question than what Harvard's pollsters asked, which was whether the respondent supported the system. With regard to socialism, by contrast, 49 percent of the young people in Pew's poll had positive views, and just 43 percent had negative