Let’s start by introducing capitalism; Capitalism supports the idea of ​​private property and believes that society can do better when an individual is able to buy and produce as they please. On the other hand, socialism is the theory that land ownership should be controlled by the government and that the government can do more with assets than individuals can. I for one don't think society should operate in pure socialism or pure capitalism, I believe a proper society works best using fragments of both forms of government. To help you better understand my position between capitalism and socialism, it would be very helpful to have some knowledge about the differences, advantages and disadvantages of the two systems. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an original essay The difference between capitalism and socialism is much greater than one might expect. Capitalism is a system that allows everyone to have the right to own their own wealth. Capitalism says you can invest your own money in someone else's business; this system, in one condensed statement, is about everyone's individual freedom and rights, everyone can do what they want. On the other hand, socialism is a system in which the government owns everything and the individual owns nothing. You don't have your own money and you don't get paid to work. Your own home is government property. In this system, the government gets all the wealth produced by all the people in its country, and with all the money brought in, it gives a smaller output to give people homes and food. This system does not encourage you to do your best or be creative, but simply to live. To summarize socialism in a short sentence, this system is classified as individuals locked in a cell. The benefits within these two classes are quite simple and easy to understand. Capitalism has the advantage of providing greater incentives for individual work and new achievements. Socialism strives to compensate for these shortcomings by redistributing some of the excess wealth created from the top down to the lower classes. This can help increase demand for goods and labor. This is a great way to help correct unbalanced lifestyles, as well as maintain the basic well-being of the lower classes. Ideally, ensure that they are able to overcome any difficulties and continue to reinvest their labor and wealth into the economy. Keep in mind: this is just a sample. Get a personalized article from our expert writers now. Get a Personalized Essay Between the two living systems, some disadvantages exist. The downside of capitalism is that those at the top will always be rich beyond what may actually be fair. Sometimes they can exclude those at the bottom of the ladder from participation in large-scale economies, at a time when technological capabilities and declining demand for goods lead to a surplus of labor . However, socialism has some disadvantages. The first is the fear that by ensuring the survival of the lower classes under all circumstances, you may remove any motivation to contribute to their work. Second, there is the fear that the governing bodies that create these redistribution programs tend to allocate wealth in such a way that it simply accrues to them, rather than to the upper class from where it.