Socialism: Economic Individualism In The United States

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ocialism is when all resources are owned by the entire global population. People believe that the idea of socialism originated from a man named Karl Marx. Capitalism is economic individualism and it as thought to come about in the seventeenth century. Capitalism would be the ideal political system that provides the greater overall benefit to society because individuals have ownership to their resources rather than the government having complete control over resources. The United States is a capitalist country. That means that there are individuals who produce goods and services for a profit and not for the wants and needs of people. While, capitalism is beneficial to some because of the opportunity to make profit there is a downside to it

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