Socialism; A system in which the government or the whole community owns the
means of production, such as land and factories, and controls the distritution
of goods and service Capitalism; An economic system in which the means of
production and distribution are privately owned by individuals or groups and
competion for business establishes the price of goods and services. The means of
production include labor, land, factories, and services. The means of
distribution include trains, trucks and airlines. Communism; a system of
government in which the state plans and controls the economy and a single party
holds power claiming to make progress towasr a society in which all goods are
shared equally by the people. This is my theory if i had to choose between the
three above. It would be socialism due to the fact that we've tried capitalism
and it has alot of flaws in it. Because of the stigma of the whiterace verse the
Blackrace. Racism allowed an unfair distribution of wealth because a generation
of wealth was already established by the whiterace through slavery. Then this
wealth turned into greed by the white privately owned companies and corporations
which over the years started during business in foriegn countries reaping the
rewards of tax breaks, and getting cheap labor so they could get a higher markup
on their products sold in their American companies. They allowed our jobs to be
shutdown, and prices and mortgages to go over the ceilings. Unequal
opportunities in the Black communities due to privatization has led to economic
hardships such as neglect of children and children being placed in fostercare at
a higher rate in the black communities than in the white communities.
Homelessness because of the lack of jobs and no subsidized housing for the
poor.The greed of privately owned corporations and business has caused the
destruction of America.
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