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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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