Describe your vision of a model economic system – is it capitalist, socialist, or somewhere in between?In your answer be sure to compare and…

Describe your vision of a model economic system – is it capitalist, socialist, or somewhere in between?In your answer be sure to compare and…

Describe your vision of a model economic system – is it capitalist, socialist, or somewhere in between?In your answer be sure to compare and…

Describe your vision of a model economic system – is it capitalist, socialist, or somewhere in between?In your answer be sure to compare and…

Nations and societies struggle with this balance on a continual basis, but I think a hybrid of the two is the wisest course, especially when the socialized aspects of the economy have to do with public services such as the mail, mass transit, libraries, the fire department, police, and health care.  To base any of these services on a profit capitalist model is to, at least in some cases, extort a population for what they need most and cannot refuse to purchase.  If your house is on fire or you are diagnosed with HIV, I have a problem with profiting from those situations in any kind of just society.But socialism in its pure form is obviously a failure.  You cannot remove the profit and wealth incentives completely from a society or you stagnate in terms of production, spending and technology, not to mention in human capital.  Capitalist systems with sensible regulations and some socialized services seem to produce the higher standards of living now found in the world.
Describe your vision of a model economic system – is it capitalist, socialist, or somewhere in between?In your answer be sure to compare and…