Wednesday, March 2, 2011

Capitalism & Socialism

       There are people living in the world, and some live in the different countries. Different countries have different beliefs of political theories. Capitalism and socialism are two examples of political theories. Some countries are capitalism, which works out good, but some don’t.
       Socialism is a political theory with common ownership. They believe in equal-power relations, self-management, and separated decision-making. In their economic system, they share their products.
Capitalism is an economic system that is used mostly in the world. People get to keep their properties with privacy. They can control how to use it, when to use it, and who do use it. Not only has the higher level status of the people got to keep their properties, but also the lower level people. Because of capitalism, our world became industrialized, and it is used many places in the world. 

2 comments:

  1. There are some pretty good ideas in here which can make for interesting essay. However, there are some small problems that need to be corrected. First, socialism and capitalism are not political theories, they are economic theories. In your introduction, you say that capitalism doesn't work out well in some countries, but you do not expand on it. In my opinion, if you include criticism of both capitalism and socialism then it can be stronger essay.

    ReplyDelete
  2. wow~this is a short essay XD but u included major ideas. You can give some more details like who supports socialism or capitalism and you can also add in you opinion.

    ReplyDelete