Economics: Capitalism, Socialism & Communism Explained
Okay today I am going to be talking about the economic ideas that is grew up that sparked in the 19century. That controls our economies in the world today. Let’s get started:
Capitalism it was theorized by Adam Smith, Scottish economists who wrote the book the called The Wealth of Nations.
What’s The Idea Of Capitalism?
Now here is a fun fact, did you know that the man created monopoly? Created it to try to prove to everyone that in the capitalist society only one person wins, as you can see nowadays in the Occupy Wall Street Movement, The one percent have or the money that the 90 percent do not have. This is on equal distribution in a capitalist society.
What Is Socialism?
Depending on how hard they work in a socialist society. For example Sweden people pay very high taxes so they get free health care, few welfare and all these stuff, and a capitalist society that doesn’t happen, where at least not yet.
The Socialist Leader
And this is the evident if you go to the United States nowadays. You will find republican and democratic leaders saying say no to socialism in America fighting’s and they fight socialism. What they do not realize, is that the Social Security Act, Social Security in essence and Obama care is a form of socialism. We can see nowadays that the Kappa society that countries are moving slowly towards socialism, while still calling it capitalism but in essence it is really not capitalism.
What is communism? The third type of the economic system:
What is Communist Theory? The theory behind is that:
There would be no need for government. Because why would you kill, why would you steal and why would you commit crime.
This is communism today, this is just a funny you know in reality you have the communist leaders their abusing. Because in a capital communist society people can never have everyone rich, no one is ever completely rich even though we try. But everything has to be called gradual communism today you have the government controlling everything. Very rich people in government and very poor people are in everyone else were the working class is poor. China now is moving slowly towards there capitalism and that if you live in China and you work hard enough you can get make more money.
This was a presentation on economic theories and ideas of the 19th century that are still enacted today ends and countries all around the world. Sweden, Norway, Vinland are all socialist countries you have capitalist countries that the United States and the United Kingdom and we also have the communist countries like China, Vietnam, North Korea in Cuba.