Socialism Vs Capitalism Research Paper

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Socialism and capitalism are antagonistic ideas of government in economics. Socialism and capitalism both debate equality in economics and what role the government plays. Furthermore,despite both concepts having various pros and cons , each concept has a main goal.
Socialism sprang into existence. Socialism was created from observing the success of capitalism, while believing that conditions for workers could be improved if the control of production were moved from capitalists to the state("The Origin of Socialism." ). Moreover,they believed the strength of the socialist system was in the structure itself("The Origin of Socialism." ). Common ownership is the central meaning of socialism, meaning all the resources of the world are owned …show more content…

Correspondingly, socialism contains many pros and cons. Socialism promotes positive concepts including social equality, economic equality, equal access to healthcare and politics,and also requires public education to a certain level. On the other hand, socialism also has many cons.From showering funds on social benefits to welfare schemes, health care to education, right to food and almost every aspect of normal livelihood of people, the state would have to fund everything("Top 12 Pros and Cons of Socialism | NLCATP.org."). Socialism creates a financial burden. Furthermore, socialism keeps the rich people rich and the poor people poor("Top 12 Pros and Cons of

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