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Capitalism Versus Socialism 

By: Zimbler0 in POPE | Recommend this post (3)
Sun, 25 Sep 11 4:36 PM | 41 view(s)
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Zim: Which system is better? Which leads to a higher
standard of living for ordinary folks?

http://bizfinance.about.com/od/smallbusinessissues/qt/CapvsSoc.htm


Socialism is economically inefficient as it does not reward entrepreneurs. Instead of rewarding entrepreneurs for creating wealth, it punishes them by making them pay higher taxes. Socialism can actually lower the living standards of all by not rewarding work and by making public assistance available to more than the neediest.

(Only a snippet from the article is posted.)

Zim.




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