Isn't socialism better than capitalism because it looks after the collective well being of society?

21 Answers

Relevance
  • Anonymous
    2 months ago

    gfdgdfgfdgdgfgdffg

    • Login to reply the answers
  • Anonymous
    2 months ago

    Both economic systems are grossly misunderstood.  Neither is good when used alone.  Neither is a political system.

    • Login to reply the answers
  • 2 months ago

    Do you have the first clue how Socialism has trashed the once prosperous country of Venezuela? Communism is an offshoot of Socialism. It was created just for this kind of Utopian thinking like yours. It ruined any country that adopted it. Even China, the most successful Communist country has been finding since the death of Mao, the more they embrace Capitalism the more everyone prospers.

    There is no one that cares more about your well-being than you. In a well-functioning Capitalistic society, you have the best opportunity to take care of yourself. 

    • Login to reply the answers
  • Chris
    Lv 6
    2 months ago

    If you think Kim Jong UN is looking after the collective well being of society, you are a moron.

    • Login to reply the answers
  • How do you think about the answers? You can sign in to vote the answer.
  • Jeff S
    Lv 7
    2 months ago

    Yes which was why the Founding Fathers embedded it in the Constitution!

    That's why conservatives dismiss the preamble of the Constitution! The first phrase of it screams socialism!

    "We the People of the United States"

    Trump seems to interpret it as;

    Me and the people of the United States!

    • Login to reply the answers
  • 2 months ago

    That is what it promises.  It does not deliver it. 

    Socialism fails because people are flawed and have strong self interest.  Socialism  requires everyone to be selfless and put aside their on desires for the good of all.  Once the greedy people gain power they become nearly impossible to replace short of revolution.   Free market capitalism uses peoples greed as a check on other peoples greed. 

    • Login to reply the answers
  • 2 months ago

    Only in THEORY!

    • Login to reply the answers
  • 2 months ago

    if you feel no obligation to respect diversity or the notion that there could be definitions of "well being" beyond the dictate of "the collective".....I suppose...

    • Login to reply the answers
  • Anonymous
    2 months ago

    Neither of those systems exist in isolation, so its a matter of degree. Capitalism is great for initiative and business, and socialism is great for the well being of society. Neither is "better", both have their place.

    • Login to reply the answers
  • 2 months ago

    No. Pure systems don't work. Pure socialism saps motivation and ensures the equal sharing of misery. Pure capitalism promotes monopolies, false advertising, dangerous products, and lax oversight. 

    The most effective system developed my mankind is capitalism with elements of socialism—what some people call "Democratic Socialism." This is a system of government which ensures that everybody benefits from the wealth created by the economy, not just the richest 10% of the population. 

    • Login to reply the answers
Still have questions? Get your answers by asking now.