Capitalism Is Better Than Socialism

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Capitalism provides more benefits to society due to its recognition of giving people more choice, allowing people to create more wealth, and ensuring that what is needed by society is produced. Therefore, capitalism is superior to socialism, promoting both the interests of the individual and society.
“Single greatest benefit capitalism provides is that it enables human choice” (Teaching the Benefits of Capitalism, Roger B. Butters). In the time of capitalism, the government no longer had control over businesses owned by the people. This limited government role and gave individuals a choice in what businesses they could run, whether it be a farm, franchise, or business. This also allowed the owner to choose which prices to use on their products. However, this could raise conflict with owners if they got greedy with their prices to produce more food or a competition could outrage between competing businesses. Although competition and price range may suffice, in the belief of Adam Smith, society benefits more when the people pursue their own self-interests. …show more content…

Butters). Capitalism brings wealth to the people who seek more economic opportunities for their selves. Although, many people do not take advantage of this system and as a result many capitalist countries live in poverty. This can be financed however if a person pursues their own self-interest and takes a step to move upward in society. “America's abundance was not created by public sacrifices to "the common good," but by the productive genius of free men who pursued their own personal interests” (Capitalism: The Unknown Ideal, Ayn Rand). This supports the claim that a capitalist country, like America is wealthy because the people invest in their own self

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