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Saturday, August 29, 2020

Economics

 Capitalism vs Socialism vs Communism

Which economic system 

  • Provides incentive to work hard
  • Provides incentive to study hard
  • Provides incentive to protest
  • Provides incentive to complain
  • Provides incentive to innovate
  • Provides money to invest
  • Reduces wealth
  • Gives government more control
  • Gives bureaucrats more control
  • Balances supply and demand
  • Encourages people to study difficult areas
  • Encourages taking risk
  • Provides optimism for the future
  • Is less competitive
  • Is globally less competitive
  • Traps people in a mediocre life
  • Reduces prosperity
  • Has less poor people
  • Provides more jobs
  • Provides better jobs
Can a blended economic system exists where a low floor is set to protect people from absolute poverty while allowing and encouraging people to work to succeed?

How low should the protective floor be set?

Should all citizens have air conditioning and a color tv?

Should the sojourner be provided as much as contributing citizens?

Who pays for the care of the poor?

Do the poor need more than food, shelter and opportunity?

Should the provided care be paid voluntarily or forced?




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