Socialistic VS Capitalistic

After reading a quote from Martin Luther King Jr. he talks about how he is much more socialistic than capitalistic, but he is not opposed to capitalistic. He also thinks though that capitalism has out-lived its purpose. So that brings up the question, has capitalism actually out-lived its purpose? The definition of capitalism is a system in which private or corporate wealth is used in the production and distribution of goods resulting in the dominance of private owners of capital and production for profit. On the other hand, the definition of socialism is a social and economic system characterized by social ownership of the means of production and co-operative management of the economy, as well as a political theory and movement that aims at the establishment of such a system.

One of the differences between capitalism and socialism is that in capitalism the means of production is owned and traded for private owners and shareholders to generate profit. This means it is more focused on individual profit rather than society to profit as a whole. Socialism focuses more on profit being distributed evenly to society. The social structures of the two cultures are also different. In capitalism, classes exist based on their means of production. With socialism, classes are diminished. Although, there is no form of discrimination by the government in either capitalism or in socialism.

One of the biggest differences between socialism and capitalism is how the people control the government. In a capitalistic government, the upper class people are more against the government. The reason they are against it is because they want to privately own their big business so they can make as much money as possible. After these people make all their money and get rich they want to keep their money and do not want the government to have any say in it. In a socialistic government they don’t have that. When you have a socialistic government all factories and other means of production are owned by the government, even though the workers still control it. That is one of the biggest differences between a country that has a capitalistic economy and one that has a socialistic economy.

Some modern day examples of a capitalistic economy is the United Kingdom and the United States, while some an example of a socialistic economy would be the USSR. So even though capitalism worked out before, it may have out-lived its usefulness now.

 

The Fall of Democracy

Democracy was first found in Greece when Athens established the first democratic government. I have now recently read a quote by John Adams who was the second president of the United States. He basically says that even though democracy will last for a while in a country, it never lasts long and in the end will eventually kill itself off. This quote has a lot of truth behind it. It really makes you think about the government we have here in the United States and how it might not always be a democracy here in America and one day it is almost bond to fall. I totally agree with what John Adams says here 100%. I agree with the fact that countries that rule with democracy will eventually fall. Sometimes it lasts for a very long time while others only last for a short time, but eventually they all will begin to crumble until they fail in the end. I like how he compares it to a monarchy and an aristocracy. Democracy is very different than these other types of government and John Adams says that with this quote. Just in case somebody doesn’t know what a monarchy or an aristocracy are, a monarchy is when one person rules, like a king or a queen, in an aristocracy the power is held by the nobility, or the rich and powerful people. John Adams says that a democracy is more bloody than either an aristocracy or a monarchy. He is also right in saying this. In a democracy, the people have a great amount of freedom and if the government tries to take away any of that freedom the people will rebel against the government and that is just one way that the entire democratic system can break down. If the government does anything that makes the people living in the country unhappy it will eventually lead to an outrage when the people turn on the government. Eventually the people will try and take over the government and that will lead to the fall of the democracy. The people can rebel against the government like this because the government has given them the freedom to do so. This is one way a democracy can kill itself. When a democracy is poorly run it eventually becomes exhausted and is easily overthrown, which is another way a government can kill itself. I think in America it is just a matter of time before our government becomes exhausted.

Bicameral Government

There are three main reasons why we have the bicameral system today. One reason is the historical part. The British had a bicameral legislature and most of the American colonists knew how the system worked quite well. Most of the states had already consisted of bicameral legislatures at the time anyway. Another reason is that the system was practical. Big states wanted states with larger populations wanted more say in government and small states wanted equal say. By forming two houses all states are equally represented in the Senate like the small states wanted and states are represented based on population in the House like the big states wanted. The third reason for the bicameral house is the theoretical part. Nobody wanted one house to rule the government. So the idea of having two houses was so one could keep the other in check. I think that the bicameral system is very effective in today’s government.  That’s why I think it is a good thing to have.