Capitalism is where goods, products and services are sold for a profit. Profits are used to generate jobs, which result in taxes used to support government programs and provide for national defense. Capitalism allows some people to become very rich. And, it also allows for some rich people to support programs that provide support to those in need.
Socialism is where everything is free. Government provides food, housing, and medical services. Only the elite are allowed to be rich. One cannot rise to another level without the approval of the elite. The non-elite must work to support all the ‘free’ stuff.
There is a portion of the population that believe capitalist are greedy, money grubbing, heartless and evil.
They also believe that socialist are kind, generous, loving and protective.
I guess what one believes depends upon wether one wants to be free to make choices.
PMO
©2018
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