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Laila Capitalism and Socialism

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Laila Capitalism and Socialism
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  • Hey! Can you explain what Capitalism is.
  • Individuals like us are in control of our jobs\freedom ect.
  • Well what about Socialism?
  • The government is in charge of everything and whats better for everyone is better overall.
  • What about being able to pay for everything?
  • If this was a Capitalisic society people wouldnt get free healthcare. They would have to pay for everything.
  • Socialism makes sure everyone can reach their needs. Capitalism depends on if they're wealthy enough to reach them.
  • Okay. What about having all these stores in one area?
  • Competition is important in both the improve both wealth and society. Having lots of stores is good in many areas for the society.
  • What about freedom of the individuals?
  • People in a Socialistic society have to pay their taxes, which can spend a lot of money that could be used on food.
  • In Capitalism the freedom of individuals is highly valued. In Socialism freedom doesn't matter that much.
  • What about making items? Like food and transportation?
  • In this Socialistic society the government is in charge with making all the goods and services.
  • In Capitalism individuals are in charge of making goods. In Socialism the government is in charge of making it.
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