Capitalism vs Socialism

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state holds even more power in the economy and makes more decisions. If this occurs: most prices will be set by the state, the movement of resources will be strictly controlled, factors of production will be mostly owned by the state, individual risk taking will not be allowed, economic decisions about all aspects of production will be made by state officials, and taxation will be used to redistribute the income. Through these government actions, a classless social system is created and everyone is brought to about the same level economically. This government behavior discourages competition and practically eliminates any sense of purpose the masses may have when conducting their work.
Capitalism is on the other side of the political spectrum and can be just as harmful, or even more harmful, to the masses as socialism. Of course there can be different forms of capitalism, and some may improve the economy, while others may end up impeding the economy. These different types are: ...

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