Points to remember before you participate in this discussion:
|Pavan said: (Oct 2, 2017)|
|Capitalism is an inquitous economic system for our country and same applies to communism. In India corporates have peevish mentality and exploit masses at the cost of their benefit and are never concerned about the welfare of them and also people are enslaved in the name of incentives and growth whereas in communism, everything is owned and controlled by the state curtailing liberty and freedom of people. So socialism could do best for the country.|
|Neeraj said: (Aug 22, 2017)|
Having corruption in all sectors is a common way to say because some people are corrupted everywhere get in. Before giving any views let me explain the few words of the topic so that I can give proper views on it. "Capitalism" this is the main word of this topic.
(Capitalism= is an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.
Flawed= having or characterized by a fundamental weakness or imperfection).
As we all know that making profit always remains the main object of each and every commercial system in which bad things usually go through because without doing fraud making a profit it's very difficult for the business. When people use their capital to run the business so hard people think about the satisfaction of the customers and they blindly offer the services because there are many industries which meet once only with the customers that's why they don't think about the customers and finally, customers have to suffer.
There is a huge difference between private sectors and government sectors, government sectors always follow a particular guideline which is required by the government but it is not fixed that private sectors have the proper guideline or not. If we want to run any system so there is a need of proper management to push the system properly. So overall I'd say that in absence of proper management any system can go badly.
|Anamika. said: (Jun 23, 2017)|
|Both capitalism and socialism has its own flaws and advantages. Capitalism improves more quality and brings in more technological improvements and competition in the market. However, capitalism increases the gap between rich and poor as so many technological improvements will only lead to increased prices of products and services. In case of socialism exactly the opposite happens in case of advantages and disadvantages. India follows a mixed economy, which I feel is the best as it absorbs the flaws of each other and create a balanced economy for our our country. Thank you.|
|Anish said: (Nov 16, 2016)|
|Let me mention few negative impacts of flawed capitalism- In today's society, many people are ignorant about the socioeconomic system in which we live. This.
Fact can be very upsetting because of people's indifference about what.
People are doing to our planet and what we humans are doing to ourselves. Flawed capitalism is affecting the morals of humanity and the human habitat. Like excessive consumption, Income inequality, Social mobility etc is sustaining and reinforcing the conscious destruction of our planet and humanity.
|Uttoran said: (Aug 27, 2016)|
|Nothing is perfect in this world, and even the best thing is bound to have some negative features. So capitalism is also not an exception. Capitalism brings more economic liberty than socialism and communism. Moreover, the concept of communism is too much hypothetical or virtual, considering the fact that socio-economic inequality is natural and inevitable. But a country like India has to think something in between. We need to reject the demerits or negative sides of both capitalism and socialism and accept only the positive features. These positive features, coupled with the essence of integral humanism from our Indian culture and traditions, can bring India to that level of socio-economic liberty where each person can at least be self-dependent or even self-employed by utilising their skills.|
|Uday Chhatre said: (Jun 26, 2015)|
|In my opinion the India should have opted socialist, communist economic system as the every 5 years we have the election and that coupled with capitalistic economic system generates the corruption and corruption only and that can generate the crony capitalism which we all see today I f the nation is opting electoral democracy then must opt for the socialist/communist economy since election gives all above.|
|Acommentor said: (Apr 25, 2014)|
|Capitalism may increase ruthless competition whereas total Communism makes people demotivated. In a Capitalistic society competition is generally unfair (a labourer's daughter will be competing a millionaire's child, for example). A balance could be Progressive OUTlook (PROUT) policy. In PROUT, an individual is encouraged to excel, but reduces ruthlessness by (i) restricting the multiplication of individual property (ii) giving an acceptable minimum to the less fortunate.|
|Siddu said: (Sep 21, 2013)|
|> Capitalism is flawed in India because consider our Indian political situation they fighting for minister seats, when election comes they spent lot money.
> And lot of illegal money kept in swiss banks nobody can't take that money back till they are depositing money in that bank only.
> Consider socialism democracy not good in india, because reservation of seats.
|Biplob said: (Sep 5, 2013)|
|Capitalism is a flawed system can be accounted to the fact that, here it represents the interest of an individual, people think particularly for themselves as industries look into for their profit in any venture they indulge with a very little percent of them working for the benefit of the masses. Every system have their own pro's and con's in handling its issues, its all about how a country can manage its resources, its people and all that moves around it. Though socialism comes with a huge cost of freedom, but in a country like ours where everyday rupee is falling, poor getting even poorer, backward areas gets neglected in respect to the priorities of the other ares which resembles some stature higher than those. So in our country there should be some laws which should be made strict, like those relating to population like china. In the financial sector if it is communalised than there would be less corruption. The government would be the sole authority and the country may rise up.
But these are mere excuses which comes in way because we are also in that population and here we are discussing about it. As the largest democracy we can say that we enjoy freedom like no other citizen of any other country and our country is also rising by leaps and bounds. Thus Capitalism can be considered as a system with less flaws. Its just that we have to act in curbing the population and not just waiting for the government to pass laws. And the government on its path as to check the causes which muster this problem like the educating the literate, strong measures against money embezzler and so on.
|Alex said: (Sep 1, 2013)|
|Any system is good, the problem of ego and individuality (power) makes them get corrupt.
Here in Mexico we don't see very good capitalism, lately: we have a war on drugs, we rank 1st in obesity, we rank the 10th more drug use in the world (meth!) our pool people is in worst conditions ever, education is lost, medicine is expensive etc etc etc.
Having USA as a neighbor had us realize: that that is not the capitalism we want.
Maybe we should live education and culture to socialistic ways of views, and let the capitalism do the transportation and regulation of goods since that is really all they care about.
Look at the emerging economies, they are coming with emerging drug and social problems: education starts at home but and school and also how the society watch this government interacts with them and other countries.
|Pralad Dessai said: (Jun 21, 2013)|
|In a capitalist economy, investors are free to buy, sell, produce, and distribute goods and services with at most limited government control, at prices determined primarily by a competition for profit in a free market.|
|Shantanu Kandwal said: (Jun 7, 2013)|
|In my opinion there should be different form of government over different country according to the condition required.
Consider INDIA what's the main problem that it face?Corruption?reservation? Here whole of governance system is infected deep, infested my some corrupted ministers, for the welfare of our country it is mandatory to establish capitalist form of government so every single citizen has right to raise a voice against strong leader, practising corruption often.
If we consider country like LIBYA it is quite obvious that a communist government will get spoiled if established as home wars are going on. So in that case a social form of government rather than capitalic or dictaric is needed to handle the deteriorating condition of country.
|Poonam said: (Apr 25, 2013)|
|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.|
|Faizi said: (Apr 22, 2013)|
|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).
|Anuj Agarwal said: (Mar 7, 2013)|
|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.
|Mukesh said: (Feb 2, 2013)|
|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.
|Nahuche said: (Nov 19, 2012)|
|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.|
|Balu said: (Sep 11, 2012)|
|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.
|Sheru said: (Sep 5, 2012)|
|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.
|Saurabh said: (Aug 26, 2012)|
|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.|
|Poonam said: (Aug 9, 2012)|
|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.|
|Bhagath said: (Jun 16, 2012)|
|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.
|Mayur said: (May 5, 2012)|
|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.|
|Priya said: (Apr 6, 2012)|
|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.|
|Ilusaud said: (Mar 30, 2012)|
|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.
|Ilusaud said: (Mar 30, 2012)|
|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.
|Bharath said: (Mar 9, 2012)|
|Capitalism puts out new talents but where as socialism doesn't because they know they will not gain much.|
|Neelam said: (Feb 26, 2012)|
|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.|
|Ramakrishna said: (Jan 25, 2012)|
|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.|
|Muzaffar said: (Nov 22, 2011)|
|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.|
|Ravinder Singh said: (Oct 31, 2011)|
|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.|
|Biswajit said: (Oct 20, 2011)|
|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.|
|Kumar Ashish said: (Sep 27, 2011)|
|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.|
|Bushra said: (Jul 12, 2011)|
|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.
|Chrissypinto said: (May 9, 2011)|
|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.|
|Prateek said: (May 4, 2011)|
|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.
|Nikuk said: (Apr 25, 2011)|
|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.|
|Anisha said: (Apr 23, 2011)|
|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.|
Capitalism is a very Flawed System but the others are so much worse
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