Capitalism vs Socialism: History and Predictions.

In Western Democracies there has always been a stigma about Socialism. Far too often it is associated with Communism and the ideals behind it often disregarded before they are even considered. In contrast, Capitalism has always been the blessed child of Democracy and Liberalism and due to its promise of individual success it has always been accepted with wide open embraces. Both Capitalism and Socialism are not just economic systems but they reflect ideologies of …

…as a way for the future. We have maybe reached the peak of Capitalism, technological advances are not as impacting as in the past, and some of the strongest Capitalist economies are stagnating. The move of Western European Countries toward Socialist Democracy is an admirable one and will need to be looked at more carefully in the future. This needs to be done in order to see whether it is feasible on a bigger scale.