Why is capitalism better than socialism?

"Capitalism" and "socialism"—what do these words even mean? You could just say that capitalism is the economic system of countries like the United States, and socialism is the economic system of countries like the former Soviet Union. read more

Saying that capitalism is better than socialism is like saying that winning a million dollars is better than being in a high impact car crash. In other words, if you have an open mind, a good grasp on human nature and economics, and a passing knowledge of world history, there's absolutely no question that capitalism is superior to socialism. read more

Express your opinion about the issue of whether capitalism is better than socialism. See the views of others about this contentious issue. read more

Capitalism is better. Capitalism is better that socialism because the premise of capitalism is that those that work hard get more than those that don't work hard. Socialism allows all to have the same regardless of how hard they work. Therefore, under socialism there is not incentive to work hard. read more