Monday, March 29, 2010

I think that Capitalism is great form of economy. It has many advantages that benefit all types of people. Unlike other forms of economy such as communism. The people have the opportunities to better themselves and to move up in their social status.

Capitalism lets the people take control of their lives and their situations. Making them have independence and competition among themselves their families and among all other people.

The Government does help run countries in this economy to keep order. But the people are the ones that develop what business there are and what the prices of products are. They are determined through the competition that is provided from this type of economy. Some people may see flaws in Capitalism but there are always going to be flaws in economies and the flaws in Communism are ten times more.

When Communism was being practiced in Germany and surrounding areas that had been taken over by Stalin, the economy started to fail and they for a time had to let the people make their own small way of making money. Such as selling wood or milk. They had to deviate to Capitalism to keep their communist economy going.

Capitalism is a great way for the people to take charge of their own lives and experience competition and freedom to do what they want. I think that these benefits of Capitilism definitely outweigh other forms of economy. For the reasons listed above.

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