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Capitalism vs Marxism

Date Submitted: 09/10/2006 01:14:42
Category: / Social Sciences / Political Science
Length: 1 pages (378 words)
Capitalism is an economic system that is controlled by individuals and private companies instead of by the government. Individuals and companies own and direct the resources used to produce goods and services including land and other natural resources. They also control labor and capital. Capital could come in terms of factories and equipments and sometime even just plain money used in business. Capitalism stresses private economic choices. In capitalism the people are free to decide …
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…think that capitalism is good for the United States because our government has a lot of things that it need to worry about. Our economy is one thing that we have built up to be pretty good so it is to the point that capitalist are running it with little or no interference from the government. I think that Marxism would be good for third world countries that need the help to develop their economy.
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