Socialism and Capitalism
Posted on May 19th, 2008 by Niket
Profit is generally considered a bad word in socialism. It is my opinion that in spite of its intensions, socialism leads to a few people making profit often with unfair means instead of a lot of people making profit through fair and just means.
Profit is generally considered a good thing in capitalism. It is my opinion that capitalism leads to a lot of people making profit at the expense of a significant minority of marginalised folks.
I consider both these statements as generally true, though flawed in a minor way; the flaw is a function of both time and space. A successful society is one that balances the tight-rope walk between these philosophies.
Discussion Area - Leave a Comment