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The Benefits of CapitalismHere are three short stories that demonstrate the benefits of capitalism. After reading these simple stories, answer the question, “What are the advantages of living in a capitalistic society versus a socialistic society?” These stories teach the importance of self-reliance, capitalism, and individualism. These three principles are needed in building a successful society. Their polar opposites are: welfare state, communism, and collectivism. The only way sharing is productive is if each individual consents to do it of their own free will and choice. Forced sharing will never work. 
Gullible Gulls - Self Reliance“In our friendly neighbor city of St. Augustine great flocks of sea gulls are starving amid plenty. Fishing is still good, but the gulls don’t know how to fish . . . An entire class failed - The Benefits of Capitalism
An economics professor at a local college made a statement that he had never failed a single student before, but had once failed an entire class. That class had insisted that socialism worked and that if enacted, no one would be poor and no one would be rich. It would be a great equalizer . . . The Real Story of Thanksgiving - Individualism
Pilgrims . . . called for everything they produced to go into a common store . . . All of the land they cleared and the houses they built belong to the community as well. Bradford . . . recognized that this form of collectivism was as costly and destructive to the Pilgrims as that first harsh winter.
Ask yourself . . .
This video is so funny and so true - The great thing is that "We the People" can do something about it. What is Capitalism?Capitalism realizes a profit through the means of production together with labor to produce the goods. . . as wages must be paid to the laborers. . . Capitalism is considered a socio-economic system as it is not just a way of earning money and making a living, but is also a way of thinking about social organization. Capitalism is based on the idea of individualism and that individuals have the right to economic freedom. Communism is considered the opposite of capitalism as it is based on collectivism and shared wealth rather than individualism and individual wealth. What is Socialism?Typically, socialism is concerned with both the social and economic system in a country. Property and wealth are shared, and their distribution are subject to the control of the people, who exert equal control of the government. The community or state owns all the things used for work production, called the means of production, and thus may also decide what is produced and how to distribute as evenly as possible the moneys paid for things produced. In the social context, since all, and not a few people, control the means of production, disparity between rich and poor shrinks. All can expect a fairly even distribution of wealth from what is produced, so all live at approximately the same income level. Further, all have a place as workers in such a society, since everyone is equally invested in production proving beneficial to the society and the individual. Return To:Provident Living Today from Benefits of Capitalism |
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Book of Mormon Stories
These are some the Canning Supplies we use. We'll show you how.
Water is even more important than food. Think ahead. What are you going to do if you can't get clean drinking water? There are many ways to purify your water.
You Can Grow
Egyptian Onions Too
Have you ever seen anything like it? New onion bulblets are growing on top of the
Egyptian Walking Onion. These perennial onions are a unique, valuable addition to every garden.
