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

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.

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.

In my opinion there should be different form of government over different country according to the condition required.

For ex:

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.

BUT,

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.

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.

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).

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.

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.

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.

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.

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.