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Intro to Business

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Economic Systems, Socialism, and Supply & Demand
Patrick Domench
Intro to Business and Technology
Professor Armes
DeVry University
September 7, 2014

The best system to handle a disaster of epic proportions is Capitalism. We live in a Capitalist system now and we have been through many natural disasters that have rocked our communities and we have always pulled together and gotten through everyone so far. We have even been attacked in New York, one of the largest cities in the USA, and we were able to rebuild. In the free market system the private sector owns most of the resources, this leaves the main function of the government to facilitate and aid economic activity. This is particularly strong in a disaster type situation because the infrastructure of the economy would be disturbed, so in this case the government would be focused on rebuilding and encouraging investment in the private sector. The private sectors main concern is profit and this greatly aids regeneration.
A Socialist system would not be best in an emergency situation and I refuse to speculate that it would be. Firstly, the question itself is academically dishonest. It presumes an answer to a postulation or theory, then demands the student to support the results of that theory with "proof". It's like a rhetorical question, but sinister in its intellectual pre-suppositions. Like asking "Everyone knows that Crisco is better than butter in making croissants, now you prove it"!
Secondly, it is quite arguable, and probably provable that the conclusion of the theory is false. Since there are many forms of socialism : Pure Socialism ( the closest example is totalitarian Communism, now totally discredited as a brutish tyranny whose authors were economic illiterates who claimed that it would only work properly if it was the entire global system, and therefore, led to death, enslavement and

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