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Socialism In America

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We have grown up in a society where we are told we can reach the American Dream if we put in our own hard work. That anything is possible at the touch of our fingertips. We are so a custom to these actions that they seem almost second nature to us all. To imagine America without these ideals is something that would be a foreign concept. While it is hard to please everyone and his or hers own individuality, Capitalism is the closest thing we have to achieving these ideals without limiting our freedoms. According to the Oxford Dictionary Capitalism is defined as an economic and political system in which a country’s trade and industry are controlled by private owners for profit, rather than by state. Though not accepted by all, Capitalism merits …show more content…
It takes away his or her professional knowledge and replaces it with someone in the Capital to make the decision. This would mean putting the decision for millions in the hands of a few that have not put years of studying and experience in the particular field. When we have experts working in their career fields we are able to create effective products and use the most current research to keep America up to speed. Ronald Reagan, notes, "Millions of individuals making their own decisions in the marketplace will always allocate resources better than any centralized government planning process”. This statement exemplifies how economic growth naturally works when spread out amongst the people, rather than handing money to the government and telling them to do it. Because the government would be spending others money and have a multitude of tasks, the concern on losing money is the least of there worries. Capitalism provides a merit to the people and incentivizes, creating an overall higher standard of living for all of society. America spends less of their income on groceries than any other country in the world. In Pakistan consumers spend 47 percent of their income on food yearly, while Americans spend roughly 6 percent of their income (WorldPost). We are given a higher standard of living as a result to incentives and merits. These actions keep people motivated to create and produce effective products, in return having a product …show more content…
Without an active government to protect private property laws the free market would not exist. Criminal justice, patents and copyrights are only a few of the rules by government that our essential to allowing our market to work. For a pure capitalistic economy to be in play means none of the following principles would be executed by the government, which is almost unimaginable. A pure capitalistic economy would never work because we need a balance between government and the private sector to have a stable environment. The government is looked at to be the safeguard against corruption, protecting the people, protecting workers and not allowing fraudulent activities from the headquarters of

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