Capitalism vs Socialism: Which one is working?
This is the dictionary definition of capitalism: an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state Characteristics central to capitalism include private property, capital accumulation, wage labor, voluntary exchange, a price system and competitive markets --Wikipedia What is profit? Profit describes the financial benefit realized when the revenue generated from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity in question. Definition of socialism any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods But do socialism works? Here are some of the video, why socialism is much more worse than capitalism? https://www.youtube.com/watch?v=AkFZgZ5IjTU https://www.youtube.com/watch?v=Fdfru9NHGvE But what about capitalism. We have one-sided eco...