capitalism is a very flawed system but the others are so much worse - group discussion

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Capitalism is a very Flawed System but the others are somuch worse@ : Home > Group Discussion > Economics - Discussion Room

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Bharath said: (Fri, Mar 9, 2012 08:42:32 PM)

Capitalism puts out new talents but where as socialism doesn't because they know they will not gain much.

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Neelam said: (Sun, Feb 26, 2012 06:11:50 PM)

I support capitalism because in my view capitalism is much far better than socialism, in latter as everything is privatelybeing owned so everybody knowing their responsibility fullfil in much better way, and to maximize their profit althoughit may be for their selfishness but becomes profitable for the whole country. We all know that the people have lot ofmoney and if it can be used for country's development it will create magic for the country like India.

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Ramakrishna said: (Wed, Jan 25, 2012 07:24:49 PM)

In my opinion both capitalism and socialism has it's own flaws, if a country is a capitalism based company, the main aimof system is to earn profit, if it is communism the people are restricted to do the things they want, here the knowledgeand power of individuals is restricted. In capitalism there is no such restrictions the individuals are doing wonders, forexample take Dhiru bhai ambani, how this great man created the wealth, jobs to many graduates, etc. It is not possiblein communism. So whatever may be the system when there is no awareness in the people to choose the governmentthat system fails.

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Muzaffar said: (Tue, Nov 22, 2011 02:09:03 PM)

Capitalistic goverment is not good for developing country like India. In capatalistic type government corruptionincreases at very fast rate. I think it will be better of developing country to be communist. China I the best exam ofcommunist govt china is rapid very fastly thn other capatalistic govt because they have less coprruption in system.

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Ravinder Singh said: (Mon, Oct 31, 2011 04:17:35 PM)

Capitalism can be good for the nation if the government running that nation doesn't favour the rich industrialists whoare acquiring good contol in the market because it can widen the gap between rich and poor. On the other handsocialism can be stressed side by side to favour lower class people which are deprieved sections of the society. On theother hand China is a good example of communalism because the nation is progressing fast on its way to become adeveloped nation. Thus it simply implies that a nation can definately progress in communalism if the government caresfor its people and plays an important role in the development of the nation unlike the countries such as myanmar etc. Idon't agree with what Mis Anisha has said about the riots taking place in the country. Small things happen everywhereand they can be controlled. And I have read from a guy above that China is having more population than India but stillits progressing fast thats okay but its not the only reason because the China is three times larger than India in terms ofarea and it has little more population than India. The communist government there has strictly made the rules forfamilies to not to have more than one child and with this rule they have successfully controlled the increasing populationthere whereas in India this rule can never be implemented in a democracy because the politicians only see thevotebanks here and nothing else. This will result in the declining of resources and so lot of inflation. So we see here thecommunist government is better than democratic government for the progress of countries like India.

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Biswajit said: (Thu, Oct 20, 2011 09:09:28 AM)

From my point of view I also think that for the countries like INDIA capitalism is most important. Because it providesevery single person to give their effort towards the betterment of the country. He can feel his importance&the role inhis country. Developed countries adopt capitalism because it promote equality & bring transparency in their system.

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Kumar Ashish said: (Tue, Sep 27, 2011 01:47:06 PM)

I think that, capitalism promotes only a special category people, and create a bridge between the rich and poor people,so that become the main reason of reduction in the growth of country. We look upon the glimpse of country like china,why the people of china are more developed than us in-spite of that they are having more population in number,because they promote equality and bring transparency in their system, capitalism also does not mitigate bribe. So, forbecome developed country, we should promote communal-ism and not capitalism.

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Bushra said: (Tue, Jul 12, 2011 02:00:02 PM)

Although Capitalism gives the people their freedom and their say and rights to everything, it is not the system thathelps a country develop.

Equality is the best way to rule. That is a way every single person feels his own importance, the part he has to play forthe development of his country. Of course, living in a Communist country is not that easy so why not choose Socialism,which is between the the two, capitalism and communism?

When every man is forced to work, and live as humbly as his poor neighbour, it will incur diligence and humility, in


2 of 4 30-03-2012 7:30 AM

other words, get rid of most of the unwanted qualities of the people such as laze and pride.

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Chrissypinto said: (Mon, May 9, 2011 12:43:54 PM)

Socialism is the opposite of capitalism and is problematic in its own right. If there is redistribution of wealth and socialequality there is no profit motive. Even if your creative and work hard you'll probably still earn the same amount as aperson whose not creative or lazy. Without the profit motive the economy stagnates due to lack of innovation andlethargy.

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Prateek said: (Wed, May 4, 2011 02:17:14 AM)

There always are certain merits and demerits in any form of government. Capitalistic government implies power beingin the hands of every individual (not in the true sense as there are players who try to maximise their profits, but thereatleast is more transparency).And in case of a democratic government there is no transparency, even though it is said that we choose our own leadersbut we know in our country, India, the scenario is different.Comparing China with India, China's population is way ahead of India in figures in population, but the development theyr having is pretty ahead of India.So u don't have to wait for all the procedures in a capitalistic government, like we have to.So m not saying that capitalism is free from flaws, but its the best compared to the rest.

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Nikuk said: (Mon, Apr 25, 2011 08:56:11 AM)

Capitalism have it's advantages over flaws so this system become more suitable than the others, and so most of theworld accept this kind of. In case of capitalism person may be look selfish but he always struggles for improvment andself progress so the it enhances the life in every way. Unlike it in secularism person think that, he will not get any profitif he will do that work with thwt much work and so took it as causal.

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Anisha said: (Sat, Apr 23, 2011 02:14:39 PM)

Capitalism is a flawed system but every system has its flaws. Example-in communism everything is controlled bygovernment so sometimes people are forced to things which they are against of. Example in china nowadays there arerevolts taking place were people are revolting against the government as they are not satisfied with it. There is notransparency in media so world dosen't know about the happenings in the country.

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capitalism is a very flawed system but the others are so much worse - group discussion

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