Thursday, January 23, 2014

Capitalism v Socialism

With regards to sustainability, which political system is most effective really depends on the functionality of the system. Initially, it appears that socialism would be better because because everyone shares resources and have to think about the well being of the collective because there is no private ownership. Capitalism always appears as selfish with people being motivated by economic success rather than regard to sustainability. However, the tragedy of the commons helps shed light on why socialism does not work. Without private ownership people are less self-sustainable and have no need to feel accountable for the resources around them. When people own resources they are much more likely to conserve them and use them properly. Socialism and communism only work in theory. Perfect example of this theory was the pilgrims.

 When they first came to America they practiced communal living where everyone had chores or land to work but this almost led to their extinction because men became angry that no matter how hard they worked they only received a certain portion of the profit. The pilgrims quickly changed to capitalism to survive and each settler was given their own land in order to empower them to be self-sufficient.  <https://www.askheritage.org/how-did-the-pilgrims-beat-communism-with-the-free-market/ >

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