Sae,
Socialism by itself falls on its ear because it fails to use human desire as a motivator, whereas Capitalism by itself fails to reign in those desires and free markets DO NOT control externalities and there is a possibility of a corporation growing so large as to prevent competition from entering their market.
Winston Churchill nails it right on the head:
"The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.”
Rhizo
Socialism by itself falls on its ear because it fails to use human desire as a motivator, whereas Capitalism by itself fails to reign in those desires and free markets DO NOT control externalities and there is a possibility of a corporation growing so large as to prevent competition from entering their market.
Winston Churchill nails it right on the head:
"The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.”
Rhizo
