Where is the Money? Capitalism vs Communism vs Socialism, What is the difference? Why should anybody care?

My last post on the subject of Communism vs Capitalism, has generated quite a bit of traffic to this site, so, I decided to do a follow-up. The first entry was about the differences between the people and such, this post is about the differences of the systems, beliefs, and the pitfalls of each.

First break it down this way, Capital-ism, Commun(e)-ism, and Social-ism, now lets get started.

Capital-ism

An economic system based on a free market, open competition, profit
motive and private ownership of the means of production. Capitalism
encourages private investment and business, compared to a
government-controlled economy. Investors in these private companies
(i.e. shareholders) also own the firms and are known as capitalists.

As the graphic shows, more money gets distributed between fewer people, but why? Can this be a good thing? I guess that depends on where you sit, at the top, bottom, or middle. Myself, I am not too far from the bottom, no, thank God, I am not homeless, jobless, or completely destitute, but the middle is so far above me, I can’t even see it!

I believe that Capitalism is the best way to go, even as an example of what can go wrong, I have had opportunities that I wouldn’t have had otherwise.

With Capitalism, it is basically “survival of the fittest” as in this example. Read more

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