Comparig Capitalism And Socialism

688 Words3 Pages
Comparing Capitalism to Socialism boils down to a comparison of values: individualism vs. collectivism. Under Capitalism, individualism is emphasized to the point that all individuals are, in theory, sovereign beings with certain unalienable rights, endowed by either nature, divine providence or some other objective source. These rights cannot be superseded by anything or anyone, at any time, for any reason. Capitalism postulates that, given all humans are sovereign, the most natural state of humans is that of the Free Market, the unrestricted exchange of goods and services whereby one sovereign person to another. This assumes that all forms of society and civilization roughly boil down to relationships between producers and consumers: at any given moment, every person is either a buyer or a seller of a certain commodity. Socialism emphasizes the collective state of human beings as members of a larger interdependent society. In Socialist theory, all people are granted certain unalienable rights, defined by consensus within a society, and applicable only insofar as those rights protect the broader needs of society. Since these rights are defined by consensus, they can be abrogated the same way, when society decides that a certain person should have his or her rights taken away from him for whatever reason. Socialism postulates that, given all humans are part of a society, then all humans have certain responsibilities to the group in which they find themselves a part. This assumes that all forms of society and civilization are different collective arrangements where groups of people are obliged to share available resources to increase the likelihood of their survival. In the extreme form of both systems, a huge amount of power inevitably ends up concentrated in the hands of a very small number of people. Under socialism, that power is given to leaders with the
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