Thread: Open Question: Who believes there is future for everyone in USA under our current for

Open Question: Who believes there is future for everyone in USA under our current form of Capitalism & Representative govt?

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Capitalism - An economic system based on the “Survival of the fittest”. Socialism – An economic system based on “You get your share no matter what your contribution is”. Communism – An economic system based on “You put in your fair share, you get your fair share”. Fascism - pronounced /'fæ??z?m/, is a political ideology that seeks to combine radical and authoritarian nationalism with a corporatist economic system, ... One can safely say that mixed economies (a bit of all these forms ) are used in today’s age with most countries. China also with its centrally planned economy is moving towards market-oriented economy thus becoming a mixed economy. What each of these terms mean to an economy can be described as follows: CAPITALISM This term was first coined by Karl Marx to describe a system in which small group of people own large amount of money, land, resources. It puts all the economy is the hands of wealthy business people with the only aim of maximizing profits. Such economies remain free of government intervention with all the policies being determined by private individuals. The result is monopoly, and a huge gap in the earnings among the employer class and the worker class. Though its very good for trades and industries to flourish, it can lead to worker exploitation and unethical business pratices. “Laissez-Faire” capitalism which means pure capitalism with no government intervention is said to have never existed in practice. SOCIALISM It is considered to be the transitional phase between the capitalism and communism. Thus, you would find all communists advocating for socialism because it lays the foundations for communism. It advocates an egalitarian society where everyone shares equal wealth and power. There is a considerable disagreement over how the distribution should take place. Hence, socialism can be said to be between extreme capitalism and extreme communism with it being nearer to communism. Socialism is liberal. More people have say in how the economy works. COMMUNISM According to Karl Marx, this is the final stage towards development of egalitarian society. Here all the resources are state-owned and it determines its distribution based on the needs in an effort to bring about equality. Communism is conservative. Fewer and fewer people have any say in how the economy works. By using state coercion to fulfill unmet demands, it restricts individual freedom. Communism necessarily takes the form of totalitarianism, or the tyranny of all over one since its upto the state to decide who gets what. Historically, communist societies have been characterized by the absolute rule of a revolutionary party leader, beneath whom everyone is equally subservient. It becomes very difficult for such an economy to survive in a large population when it becomes difficult for equal distribution of resources. Fascism, pronounced /'fæ??z?m/, is a political ideology that seeks to combine radical and authoritarian nationalism with a corporatist economic system or wealthy corporate business elites buying/selling/planting and controling the lawmakers etc.