Culture of Capitalism

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Every country needs to have an economic system in order to enhance the living of people and the growth of the nation. It has an important role on the development of a nation. There are many ideas to get development, but the most prevalent ideology comes to capitalism and socialism. However, culture of capitalism development is very strong and most countries are following this way at the moment.
Firstly, what is Capitalism? Capitalism is an economic system owned and controlled by private individuals in order to make profits and increase the growth, able to decide the prices and run freely. This way is completely different compared with socialism, which everyone are equal, safe and stable but have less income and could hardly grow. In the past, socialism was a safe opportunity for everyone, gave people supply, money and potential to live. However, as the world’s getting more developed, people started to have more needs and wants. So they demanded to have more to please themselves. Having more things meaning you must have more money. And it’s the time they understand that socialism won’t be a good choice anymore, because it cannot satisfy people enough. To the whole world, it is a huge problem when people don’t have enough money for better living and somehow, socialism is not so fair since people are all equal. Because, no matter how hard a person works, he or she still has a specific amount of money even though that person deserves more. While those who are not working still be able to earn exactly the same amount. This might lead people to become lazy and stop working hard, eventually slow down the economic system and again, people have less income and barely live. Therefore, many countries chose to be capitalized, growin...

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...arge . Building family for another 10 years and has been a solid performance as it is now . For me, it is a great pride. Life is much better now. I am able to buy a lot of things that my parents did not have the opportunity the day before. Because back then businesses are not so developed. I think that after all, money is the most important and is the key factor to determine the future of each person.
After all, we can say that capitalism is beneficial but also harmful. Through real life examples mentioned above, I personally think that Vietnam should follow a completely new way to develop the best economy, the future will generate massively. However, this is only my own opinion. Because everyone has a different way of thinking. I hope that in the future Vietnam will always stay at the best shot to ensure a good life for all people.

Works Cited

www.worldbank.org

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