Capitalism and Socialism Essay Example | Topics and Well Written Essays - 1500 words

Capitalism and Socialism - Essay ExampleThe table below pinpoints the differences between the forms of capitalism based on the institutional characteristicsAn example of a humane capitalist country is Germany. Such capitalist countries get referred to as humane due to the characteristic of their institutional set up. As much as their capitalist economies get based on profit making, accumulation, and direct competition these economies value their human population through their institutional set up (Soskice & manor hall 65). Humane capitalist economy setup aims at attaining ingenuous income distribution for each individualistic in the economy. They try to create a sustainable and equitable economic environment for every player to make their contributions through their policies. Humane capitalist economies gear their policies towards efficient service delivery for the people. An example of a brutal capitalist economy is the United States. Such countries get considered as brutal as t hey advocate for direct competition among its economy players. This competition leaves a luck of the population vulnerable to poverty (Soskice & Hall 123). Brutal capitalism represents a man eat man society where the more an individual has, the more the individual is likely to accumulate more and take part in the economy. Brutal capitalist countries are more likely to place profits over the people.A humane and brutal capitalism cannot exist together. This is so because if they do, then it would revert to the general capitalist economy which contains strains of both forms of capitalism (Soskice & Hall 133). These forms of capitalism cannot grapple directly but rather, indirectly.Einstein argues for a socialist future over capitalism. This is so as Einstein believed that a socialist future would help be restored the evils of capitalism. He suggests that there be a socialist economy