Capitalism is a very Flawed System but the others are so much worse

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.

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.

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.

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.

Hi Guys,

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.

Thanks.

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.

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.

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.

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.

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).