From Dads’ Lens: Capitalism vs. Socialism ? Which One Is Better For America?

Socialism in any form, still takes the same path. A central government that promises total freedom and equality. While equality may be attractive, when it comes to socialism, the problem is risk of a selfish ruling caucus taking advantage of loyal and hardworking citizens, and freedom promised may not last. Individual and personalized wealth may be undermined under socialism. On the other hand, capitalism is about business, financial wealth, economic markets, economic demand and supply, promoting production factors, individual economy and wealth, national and organizational economy. The setback may be gap between the rich and poor. However, individual wealth, which can be attained by any individuals including poor can be achieved under capitalism. Capitalism offers more open and individual economic activities and production factors boaster than socialism, which is often driven by theoretical central wealth distribution. Which one do you think is good for America?