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Socialism Vs Capitalism

en tax scale and universal healthcare for children are other examples. With this blend of capitalism with socialist ideals, the working class can be taken care of, but not at the expense of losing America’s capitalist identity.In other countries socialism or communism has blended with capitalism. Capitalism has infiltrated China. Even though the politics of China are still Communist, its expansion of trade with the west as well as its open markets are capitalist ideals. This has enabled China to become a more prosperous nation. In Europe, almost every country has a government run national airline, a socialist principal. In Norway capitalism has been combined with socialism. There is universal health care, as well as free education through college. (“Remodeling Scandinavia: will economic recovery make the nordic countries' famous welfare states look good; only after further reform” 37). Both of these are socialist principals. This combination of socialism and capitalism has recently gotten Norway elected the most desirable country in the world to live in. Thus, combining socialism with capitalism leads to a prosperous society. Capitalism and socialism are two opposite and unique economic and social systems. In Sinclair’s The Jungle and in Carnegie’s “ The Gospel of Wealth” one system is shown to be glorious, while the other is evil. However, both systems have merits and disadvantages. By adapting socialist ideals into a capitalist economic and social system a prosperous society results. ...

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