CAPITALISM IS VERY FLAWED SYSTEM BUT THE OTHERS ARE SO MUCH WORSE-part2

Feb 28 • General • 3191 Views • No Comments on CAPITALISM IS VERY FLAWED SYSTEM BUT THE OTHERS ARE SO MUCH WORSE-part2

CAPITALISM IS VERY FLAWED SYSTEM BUT THE OTHERS ARE SO MUCH WORSE-part2

         CAPITALISM IS VERY FLAWED SYSTEM BUT THE OTHERS ARE SO MUCH WORSE:

Capitalism is an economic system which depends fully on private ownership on capital goods and any other items that are related with profit. Most of the Western countries follows this economic system. Quality is the key thing in this system. For example in Western countries there is no power cut which extends more than one minute. There the Electric contract is given and shared with private organizations. If the Government is the control of Electricity then no competitions can be there. But it is capitalized in Western countries so that due to heavy competition between private sectors they provide very high quality. If there is any little bit fault with the quality then the people have many other choices so that they can cancel the current contract and go for some other else.

          Even though the quality is high, there will be definite loss to the people in case of money. Private owners make more profit out of the Capitalism. If there is no capitalism then all profit goes only to the Government which can be used for people’s wealth if the Government contains good people as leaders. The Government can reduce the travelling charges , invest in industries so that many of the unemployed people will get jobs, improve the education , encourage the agriculture and so on.

          Not only Capitalism is the only economic system, there are some more economic systems like  socialism, communism etc. Capitalism is itself very flawed system due to bad private sectors but the other systems mentioned above are so much worse. They don’t concentrate on the people’s wealth rather than their own wealth. So the solution I suggest is that so many new systems should come which should take care of people than themselves.

CAPITALISM IS VERY FLAWED SYSTEM BUT THE OTHERS ARE SO MUCH WORSE-part2

~END~

« Cbse Sample Paper for Class 9th Science CBSE Sample Paper for Class 11th Chemistry »