Capitalism is a very Flawed System but the others are so much worse
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Poonam said:
(Thu, Apr 25, 2013 09:19:33 AM)
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| Hi Friends, In my view every system has pros and cons. Same with this. India is a democratic country. In start we should follow socialism. After distribution of economy in proper way we should follow capitalism. Because in capitalism power will be hand in individual of everyone. Everyone can survive on their on merits and demerits. But If we see other countries like china population of china is very large but development in country is very good as compared to India. So in my view every system has flawed but how can use the system will make it good for you or bad for you. |
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Faizi said:
(Mon, Apr 22, 2013 04:18:52 PM)
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Capitalism also have some of the flaws but as far as India is concerned, capitalism is best to support its economy and do wonders in providing employment to the major section of Indian population. Socialism sounds good as it promise equality but here in India nepotism and corruption being the most anchored part of the system hardly let this promise fulfilled.
Capitalism promotes industry, entrepreneurship, innovation and creativity. It develops an environment of fair competition which result in better products and services to its customers. Monopoly, one of the outcome of capitalism which most of the people fear about can be checked with the proper involvement of the government (at least we can expect this much form our patriotic policy makers to come up with some good policies and not set up cartel with some organization to fleece poor Indians). |
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Anuj Agarwal said:
(Thu, Mar 7, 2013 03:12:39 PM)
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The impact of having a particular type of economy largely depends on the distribution of income. In the starting phase its good to have socialist economy so that the common interest of society at large is taken care of and when distribution evens then some degree of capitalism should be introduced and ultimately the market forces will themselves arrive at a mix between capitalist and socialist that is appropriate. Having a complete capitalist economy will widen the income gap and various kinds of malpractices will come into existence, as each one will try to gain more because of intense competition. Whereas having a complete socialist economy will curb the freedom of the individual and dictatorship of the government Officials will creep in. Further the economy will not work to its full potential. "Ambani, Tata, Birla would never had been what they are if socialist model was followed.
So, capitalism is a flawed system others being not that worse. |
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Mukesh said:
(Sat, Feb 2, 2013 11:16:48 PM)
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Hi friends I am agree with the words that every system has their pros & con but according to me for the welfare of society & welfare of individual the basic need is the thinking of the rulers. Rulers may be a government or an individual if they would think without selfishness for themselves then definitely the result will be superb but this is not possible so the possible option according to me is mixing of both the system capitalism & communism is necessary & for India first population control & quality of education must be improved otherwise all cure will be failed.
Thank you. |
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Nahuche said:
(Mon, Nov 19, 2012 01:01:47 AM)
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| In my on point view capitalism is not the best system of government this because here in my country NIGERIA there is large gap between the richer people and poor ones due to running capitalism. |
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Balu said:
(Tue, Sep 11, 2012 04:59:54 AM)
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Capitalism and Socialism are two opposite economic environments. Each economic environment has its own flaws in aggregate view, but a good economic environment is one which has less flaws when compared to other.
Difference: Socialism is complete control of government over individual and capitalism lets an individual to his free will. This clearly implies that socialism is a breach of human rights and freedom thus having no scope for the word independence in a socialistic nation. To ensure human rights we must employ capitalism.
Problem with capitalism: There are problems with capitalism too. Individuals can thrive natural resources, the increase in the gap between rich and poor.
Solution: Natural resources are those which belongs to everyone. So government should control the areas which are essential for survival like food and medicine.
Government should give subsidies to those who are really poor. A developed country is a country in which citizens are well developed. So it is a chance given to citizens to develop or not. If citizens are reluctant for development, government can't develop. When government is giving subsidies poor people are very happy to live like poor. So it is left to the poor whether to leave their poverty by working or not. If they can't work, government is still giving them subsidies, they can use the previliges but they must not remain in poverty so long.
And finally government should give equal opportunity to both rich and poor. It should not concern more about rich or poor. Both should be equal before government.
The most important of all that government must do is to educate its citizens about their rights and law.
Socialism + Democracy is joke but Capitalism + Democracy is an act of preserving human rights. Indian system (mixed economy) is a good system but it must be more capitalistic to be excellent. I think the two main problems with India are uneducated poor and the delay in taking decisions in government.
I am uninterested in commenting on nations but here is fact. China is now facing sex ratio problems. The ratio of women : men is deminishing due to its policy one or none. |
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Sheru said:
(Wed, Sep 5, 2012 06:12:40 PM)
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The arguments against capitalism are famous that it cares less for the society more for the individual,it increases the gap b/w the rich and the poor.But look at the positive sides.Capitalism fosters competition.The basic nature of financial autonomy gives organoization the motivation to excell and grow.In today's world of globalization where companies are doing business in different parts of world capitalism will be the best system to insure their smooth operation.This healthy competition will give better and better products and services to customers,at the same time giving the profits to those who deserve.
A comparison is always made with socialism while discussing capitalism.Socialism cares more for the society and less for the organizations.So while it might look more beneficial to the general public it sucks the motivational energy needed for a company to grow. A company's actions are highly influenced by the socialistic attitude of particular country.
So the point is no system is perfect.Capitalism and socialism have their own advantages and disadvantages.what we need is a blending of both allowing a socialistic approach in basic health and education sector or in areas of general public interest and capitalism in highly capital intensive industries like energy and power sector.
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Saurabh said:
(Sun, Aug 26, 2012 08:56:28 PM)
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| As far as i am concerned capitalism is better option as far as india is concerned bcoz socialism will be as good as the government.. in present scenario where we see nepotism and corruption stricken political system how can it help.. on the other hand capitalism leads to far more discipline and commitment so it is the better option. |
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Poonam said:
(Thu, Aug 9, 2012 04:06:34 PM)
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| Hi Friends, According to me Capitalism is a flawed system but every system has its pros and cons. In communism everything is controlled by the government sometimes the government forced their people to do that things who they are not really want to do. Even media can't interfere. Nobody can stop them. On the other hand in socialism politicians take the advantage of poor people tried to fulfill their requirements. They forced to think that things only which politicians wants forced to think. In my view capitalism can be good if the government can do things for nation growth not to help rich industrialists. |
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Bhagath said:
(Sat, Jun 16, 2012 07:56:53 PM)
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Capitalism can be good for the nation if the government running that nation doesn't favour the rich industrialists who are acquiring good control in the market because it can widen the gap between rich and poor. On the other hand socialism can be stressed side by side to favour lower class people which are deprived sections of the society.
On the other hand China is a good example of communalism because the nation is progressing fast on its way to become a developed nation. Thus it simply implies that a nation can definitely progress in communalism if the government cares for its people and plays an important role in the development of the nation unlike the countries such as Myanmar etc.
I don't agree with what Mis Anisha has said about the riots taking place in the country. Small things happen everywhere and they can be controlled. And I have read from a guy above that China is having more population than India but still its progressing fast that's okay but its not the only reason because the China is three times larger than India in terms of area and it has little more population than India.
The communist government there has strictly made the rules for families to not to have more than one child and with this rule they have successfully controlled the increasing population there whereas in India this rule can never be implemented in a democracy because the politicians only see the vote banks here and nothing else. This will result in the declining of resources and so lot of inflation. So we see here the communist government is better than democratic government for the progress of countries like India. |
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Mayur said:
(Sat, May 5, 2012 12:15:53 PM)
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| By appreciating the perception of all my friends I would like to say that for India capitalism won't suite but if we see the situation of government I would say that capitalism is good at least it will provide Growth in much faster manner then what today we are going. |
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Priya said:
(Fri, Apr 6, 2012 03:05:28 PM)
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| India is a mixed economy.India follows a democratic form of government in which people elect their own government.In Capitalist form of government,power is in the hands of every individual which has it own flaws but every system has its own flaws.In a communist form of government every decision is taken over by government and people are not allowed to interfere in their decision but in my view capitalistic form of government is better as compared to other form of government. |
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Ilusaud said:
(Fri, Mar 30, 2012 11:38:36 PM)
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For the correction of the previously stated arguments, capitalist don't care about the growth, development of the country, society etc, there primary focus is to gain high profits and to wipe out competent in whatever manner they choose. For capitalism everything including human are treated as resources (that's why there is post of human resource HR) so they can can exploit it. This is just a colorful dream that is being projected that, capitalist countries seems to develop faster (of whom? and who pays for it?) , on other sided they face recessions, and also growth by suppressing some other org/institute/etc etc.
So we don't need fast development but there is need for sustainable and equitable development. At-least common man have some role in democratic countries to chose the system the way they want. In capitalist all the power are in some individuals (like in imperialism) and they can control them in whatever manner for their own benefits. In communism anyone can derive equal benefits for whatever he puts in. So don't treat this world as any system, and human as components of it. |
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Ilusaud said:
(Fri, Mar 30, 2012 10:38:48 AM)
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For the correction of the previously stated arguments, capitalist don't care about the growth, development of the country, society etc, there primary focus is to gain high profits and to wipe out competent in whatever manner they choose. For capitalism everything including human are treated as resources (that's why there is post of human resource HR) so they can can exploit it.
This is just a colorful dream that is being projected that, capitalist countries seems to develop faster (of whom? and who pays for it?) , on other sided they face recessions, and also growth by suppressing some other org/institute/etc etc. So we don't need fast development but there is need for sustainable and equitable development.
At-least common man have some role in democratic countries to chose the system the way they want. In capitalist all the power are in some individuals (like in imperialism) and they can control them in whatever manner for their own benefits. In communism anyone can derive equal benefits for whatever he puts in. So don't treat this world as any system, and human as components of it. |
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Bharath said:
(Fri, Mar 9, 2012 08:42:32 PM)
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| Capitalism puts out new talents but where as socialism doesn't because they know they will not gain much. |
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Neelam said:
(Sun, Feb 26, 2012 06:11:50 PM)
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| I support capitalism because in my view capitalism is much far better than socialism, in latter as everything is privately being owned so everybody knowing their responsibility fullfil in much better way, and to maximize their profit although it may be for their selfishness but becomes profitable for the whole country. We all know that the people have lot of money and if it can be used for country's development it will create magic for the country like India. |
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Ramakrishna said:
(Wed, Jan 25, 2012 07:24:49 PM)
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| In my opinion both capitalism and socialism has it's own flaws, if a country is a capitalism based company, the main aim of system is to earn profit, if it is communism the people are restricted to do the things they want, here the knowledge and power of individuals is restricted. In capitalism there is no such restrictions the individuals are doing wonders, for example take Dhiru bhai ambani, how this great man created the wealth, jobs to many graduates, etc. It is not possible in communism. So whatever may be the system when there is no awareness in the people to choose the government that system fails. |
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Muzaffar said:
(Tue, Nov 22, 2011 02:09:03 PM)
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| Capitalistic goverment is not good for developing country like India. In capatalistic type government corruption increases at very fast rate. I think it will be better of developing country to be communist. China I the best exam of communist govt china is rapid very fastly thn other capatalistic govt because they have less coprruption in system. |
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Ravinder Singh said:
(Mon, Oct 31, 2011 04:17:35 PM)
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| Capitalism can be good for the nation if the government running that nation doesn't favour the rich industrialists who are acquiring good contol in the market because it can widen the gap between rich and poor. On the other hand socialism can be stressed side by side to favour lower class people which are deprieved sections of the society. On the other hand China is a good example of communalism because the nation is progressing fast on its way to become a developed nation. Thus it simply implies that a nation can definately progress in communalism if the government cares for its people and plays an important role in the development of the nation unlike the countries such as myanmar etc. I don't agree with what Mis Anisha has said about the riots taking place in the country. Small things happen everywhere and they can be controlled. And I have read from a guy above that China is having more population than India but still its progressing fast thats okay but its not the only reason because the China is three times larger than India in terms of area and it has little more population than India. The communist government there has strictly made the rules for families to not to have more than one child and with this rule they have successfully controlled the increasing population there whereas in India this rule can never be implemented in a democracy because the politicians only see the votebanks here and nothing else. This will result in the declining of resources and so lot of inflation. So we see here the communist government is better than democratic government for the progress of countries like India. |
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Rate this: +50 -6
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Biswajit said:
(Thu, Oct 20, 2011 09:09:28 AM)
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| From my point of view I also think that for the countries like INDIA capitalism is most important. Because it provides every single person to give their effort towards the betterment of the country. He can feel his importance&the role in his country. Developed countries adopt capitalism because it promote equality & bring transparency in their system. |
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Kumar Ashish said:
(Tue, Sep 27, 2011 01:47:06 PM)
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| I think that, capitalism promotes only a special category people, and create a bridge between the rich and poor people, so that become the main reason of reduction in the growth of country. We look upon the glimpse of country like china, why the people of china are more developed than us in-spite of that they are having more population in number, because they promote equality and bring transparency in their system, capitalism also does not mitigate bribe. So, for become developed country, we should promote communal-ism and not capitalism. |
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Bushra said:
(Tue, Jul 12, 2011 02:00:02 PM)
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Although Capitalism gives the people their freedom and their say and rights to everything, it is not the system that helps a country develop.
Equality is the best way to rule. That is a way every single person feels his own importance, the part he has to play for the development of his country. Of course, living in a Communist country is not that easy so why not choose Socialism, which is between the the two, capitalism and communism?
When every man is forced to work, and live as humbly as his poor neighbour, it will incur diligence and humility, in other words, get rid of most of the unwanted qualities of the people such as laze and pride. |
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Chrissypinto said:
(Mon, May 9, 2011 12:43:54 PM)
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| Socialism is the opposite of capitalism and is problematic in its own right. If there is redistribution of wealth and social equality there is no profit motive. Even if your creative and work hard you'll probably still earn the same amount as a person whose not creative or lazy. Without the profit motive the economy stagnates due to lack of innovation and lethargy. |
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Prateek said:
(Wed, May 4, 2011 02:17:14 AM)
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There always are certain merits and demerits in any form of government. Capitalistic government implies power being in the hands of every individual (not in the true sense as there are players who try to maximise their profits, but there atleast is more transparency).
And in case of a democratic government there is no transparency, even though it is said that we choose our own leaders but we know in our country, India, the scenario is different.
Comparing China with India, China's population is way ahead of India in figures in population, but the development they r having is pretty ahead of India.
So u don't have to wait for all the procedures in a capitalistic government, like we have to.
So m not saying that capitalism is free from flaws, but its the best compared to the rest. |
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Nikuk said:
(Mon, Apr 25, 2011 08:56:11 AM)
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| Capitalism have it's advantages over flaws so this system become more suitable than the others, and so most of the world accept this kind of. In case of capitalism person may be look selfish but he always struggles for improvment and self progress so the it enhances the life in every way. Unlike it in secularism person think that, he will not get any profit if he will do that work with thwt much work and so took it as causal. |
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Anisha said:
(Sat, Apr 23, 2011 02:14:39 PM)
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| Capitalism is a flawed system but every system has its flaws. Example-in communism everything is controlled by government so sometimes people are forced to things which they are against of. Example in china nowadays there are revolts taking place were people are revolting against the government as they are not satisfied with it. There is no transparency in media so world dosen't know about the happenings in the country. |
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