salam
I do appreciate ur interest in the topic and i would like to make following points clear.
Purpose of essay was to bring out points of both systems
The system does not provide for any safeguards....thus greedier....the examples u quoted are 'personal' acts of good people. capitalism did not tell them to donate.
Capitalism is a Free economy, by definition. No One can be forced. And as u rightly cited, US has implemented Min. wages etc. So it a 'step socialistic in nature'. cuz, by definition, capitalism would not allow this to happen.
All the departments u cited, are only there to make sure that "heating, cooling, food etc" is provided. These organizations cannot take away bias and prejudice one person feels for another.
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Originally Posted by Ali
I read your article, it was quite interesting
However, I do not agree with the following points:
"It appears that capitalists are greedier and care about what is better for himself or herself than everybody as a whole."
Hope u got what i mean. and i have not supported any system. i only tried to elaborate both of them. and i had to Use US example cuz she is the Best available 'Capitalist' economy.
thanx
i look forward to criticism
Tc
cu around
A H
There are tons of examples from Andrew Carnegie to the widow of McDonald, who gave away millions of dollars in education, health, and other public sectors to date.
Secondly, you wrote that minimum wage is not fixed in capitalism. This statement is out dated because in modern capitalistic economies minimum wages are fixed.
You also implied that in capitilistic economies the working conditions of labors are in shambles.
This is not the case, since there are many agencies from OSHA (work place saftety commision) to UEEOC (The U.S. Equal Employment Opportunity Commission), which actively participate for the welfare of workers.
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