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Now you know...where do you side

Discussion in 'Habari na Hoja mchanganyiko' started by kabyesiza, Jun 16, 2010.

  1. kabyesiza

    kabyesiza Member

    Jun 16, 2010
    Joined: Feb 25, 2010
    Messages: 5
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    For the non-politically minded, all of these "isms" can seem a bit confusing. Keeping in mind that forms of socialism and capitalism may vary across societies, here's a breakdown of their basic differences.

    Capitalism: Means of production and distribution of goods are owned by individuals and corporations

    Socialism: Means of production are owned by the government or state

    Capitalism: Features a class-based society

    Socialism: Rejects the necessity of a class-based society in favor of a society of equals

    Capitalism: Fosters a competitive atmosphere in which workers and companies are encouraged to work hard to achieve personal success

    Socialism: Encourages an atmosphere of cooperation in which no matter how hard a person works, he or she reaps the same benefits as everyone else.

    Capitalism: Ownership of private property is encouraged

    Socialism: Ownership of private property is largely forbidden

    Capitalism: Produces goods based on the law of supply and demand

    Socialism: Government mandates production and prices.