Notice: Payments for answers will end 4/10/2017. Click for more info.
You have new items in your feed. Click to view.
Question and answer
Q: What are the benefits and drawbacks of living in the US, a capitalist system, versus living in Belgium, a socialist economic system?
A: The benefits of living in the US , a capitalist system are ; 1. The right to own property is central to man?s existence. [ Private ownership of property (including land, businesses and goods) gives individuals security and a means to control their own affairs. Ownership brings responsibility and allows individuals to plan for the future so as to provide for themselves and their families. 2. In
capitalist systems, society is ruled by the individual. Who would want to live any other way? 3. In capitalism, the market determines price, including pay - the price of labour. If some people are paid huge sums, that is because other people believe they have unique talents which are worth paying for. If they fail to perform, then they will stop being rewarded so highly. This is all part of a dynamic capitalist system which values individuality and rewards ability and risk-taking. The drawbacks are as follows : 1. The wealth of the earth belongs to all men or to none. Under capitalism, property is concentrated into the hands of relatively few well-off people, leaving the many with nothing and at the mercy of the rich for work, charity, etc. This leads to gross inequality, exploitation and misery. Socialism seeks to redistribute wealth and to ensure that the means of production are at the service of the whole of society, so that all can benefit and none will go without. 2. Capitalism rewards people in perverse ways. Some footballers or company chief executives earn a thousand times more than nurses. Wealth is concentrated in the hands of the few. The rich get richer, the poor get poorer. The poor are fooled into thinking that they can gain in capitalism, when really all their wages do is hold them in place ? their savings are swept away in the first moments of unemployment, a concept central to capitalism but one that socialism destroys. 3. Capitalism may use the language of human rights, but it only really respects the right of the weak to starve in the gutter, and the right of the strong to keep them there. ]
bongche|Points 1705|
Question
Asked 4/25/2012 9:00:35 PM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
25,773,674 questions answered
Popular Conversations
The evolution of agricultural practices ultimately led to the ...
Weegy: The evolution of agricultural practices ultimately led to the development of towns and cities.
6/23/2017 10:56:18 AM| 1 Answers
Dinosaurs became extinct due to the A. breakup of Pangaea. ...
Weegy: Dinosaurs became extinct due to the: Cretaceous extinction event. User: Which type of preservation is made ...
6/27/2017 10:01:19 AM| 1 Answers
A batholith is a mass of rock that forms when a large body of magma ...
Weegy: A batholith is a mass of rock that forms when a large body of magma cools inside the crust. TRUE.
6/25/2017 1:54:48 AM| 0 Answers
Earth’s lithosphere is composed of a. the crust only. b. the mantle ...
Weegy: The LITHOSPHERE is the part of the Earth composed of the crust and upper mantle.
6/25/2017 1:50:09 AM| 0 Answers
Radioactive isotopes are used to a. determine the absolute age of ...
Weegy: Radioactive isotopes are used to determine the absolute age of rocks.
6/25/2017 1:43:13 AM| 0 Answers
Magma that hardens vertically underneath the surface will form a ...
Weegy: Magma that hardens vertically underneath the surface will form a sill. FALSE.
6/25/2017 1:22:58 AM| 0 Answers
The ADA states that a service animal can be any animal that the ...
Weegy: The ADA states that a service animal can be any animal that the passenger deems a service animal and must be ...
6/25/2017 12:55:37 AM| 0 Answers
Waves that cause the most damage during an earthquake are waves.
Weegy: Waves that cause the most damage during an earthquake are surface waves.
6/25/2017 12:53:18 AM| 0 Answers
Which of the following would be considered a negative side effect of ...
Weegy: Threats of dangerous flooding would be considered a negative side effect of settling near a river bed.
6/23/2017 11:35:22 AM| 0 Answers
Most scientists and anthropologists agree that early humans first ...
Weegy: Most scientists and anthropologists agree that early humans first emerged in AFRICA.
6/23/2017 10:53:42 AM| 0 Answers
A paragraph that has its topic sentence first is _____. a rectangle ...
Weegy: A paragraph that has its topic sentence first is an inverted triangle.
6/23/2017 10:25:31 AM| 0 Answers
Weegy Stuff
S
L
Points 40 [Total 1371] Ratings 0 Comments 0 Invitations 4 Offline
S
Points 17 [Total 17] Ratings 0 Comments 7 Invitations 1 Offline
S
Points 14 [Total 14] Ratings 1 Comments 4 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 0 Comments 0 Invitations 1 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
R
Points 3 [Total 19] Ratings 0 Comments 3 Invitations 0 Offline
S
Points 3 [Total 3] Ratings 0 Comments 3 Invitations 0 Offline
S
Points 2 [Total 2] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 2 [Total 72] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 1 [Total 1] Ratings 0 Comments 1 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.