Blog 2

I have picked question one which had asked me to support evidence to show the advantages and disadvantages of living in a Capitalist society and describe how such Disadvantages could be minimized.

Capitalism is all or most the factors  of  production and distribution such as land, factories ,railroads, and stores  are government officials, decide what to produce and how much, what to charge and how much to pay workers.

  Some good advantages are that in a capitalist government you have four basic rights; one is that you have the right to own a private property. This means that you can buy such property and own a business sell this business pass it down to your family or you could build upon it and sell that for a high value in so your bring revenue to yourself and the government through taxes. This also extends to machinery and inventions. Two the right to own a business and keep all the business profits, I mean this is self explanatory because if you own a business and have no profit you might be in the wrong profession unless you have a charity business then you doing it for the better good but in all this is good but bad and ill talk about that later. Three the right to freedom of competition I like this clause, in the sense that you could have the best business and have no competition and be wealthy but in my eyes competition makes you a better person because you make decisions based on that you have some probably going to make the same move so it makes person better persons in a sense what I’m trying to get at it’s a dog eat dog world for a reason only the best survive. Fourth and final the right to freedom of choice this freedom is very important being that if everyone did the same job it would be a very boring life but when people are doing things in life it makes life a better place.

 Disadvantages in a capitalist government are simple even though capitalism is good the flaws are big to. When a company get to be like Bank of America (here is the website of all bailouts http://www.propublica.org/special/government-bailouts ) where it has all the money in the nation because back in the day the government closed down the national bank which by the way was a great idea and it worked, but when such a big company goes down which causes a sort of depression and unemployment across the board because if the banks go the business will go to then the government has to reach in his pocket and bail out such companies so that they bring down all of the government. This could be minimized if the government had more guidelines with such problems and also the nation shouldn’t go to war that one big concern.