Martin

Martin Luther King, Jr. said in a letter in July 1952 "I imagine you already know that I am much more socialistic in my economic theory than capitalistic. And yet I am not so opposed to capitalism that I have failed to see its relative merits. It started out with a noble and high vision, to block the trade monopolies of nobles, but like most human systems it fell victim to the very thing it was revolting against. So today capitalism has out-lived its usefulness. It has brought about a system that takes necessities from the masses to give luxuries to the classes."

Socialism is a political economic theory where a social organization supports the means of production, distribution, and exchange should be owned and regulated by the community. The term socialism has been used commonly from Europe. This word begins in obscurity, with many origins being suggested. The meaning of socialism both logically and sociologically, it could be contrasted to individualism. Communism is a form of socialism, communism is an economic theory. Which means workers have control over earnings of production, and plus distribution of goods based on the needs of individuals.

Capitalism is political and an economic system in which a country’s trade and industry are controlled by private owners for profit, rather than by the state. Some people in the world would like capitalism, but only eleven percent of people surveyed in like twenty seven countries were in favor of capitalism. The people who were surveyed for capitalism were arguing about whether or not capitalism will ensure better health. And so far the answer is yes. Capitalism does inspire more freedom, progress, and also growth. Capitalism promotes people to take or get some jobs and tasks. In other words become whatever you have ever wanted to be. Capitalism does bring all kinds of great things from everyone.

I think, by what I have looked up so far, which was capitalism and socialism. I believe that socialism is something that communists would pick. And I also believe that our country is a great place to be and that this country is mainly capitalism. I like or love how this country is compared to some communist’s countries. Socialism on the other hand does have freedom of religion, but it does usually promote secularism. But communism did take most of all religious and metaphysics is rejected. So in other words socialism isn’t so bad to some degree.