Thursday, July 11, 2013
Economic policies of nations-2
It is the human beings who implement these kinds of systems and since the humans have flaws so does their systems. Look at communism, they said that all people are equal but were they really that equal. Because if you did something fabulous as a citizen, they rewarded you more. The people who were ruling or were members of the ruling party were given choice apartments and jobs as compared to ordinary citizens. The state did not know the needs of the citizens as the goods were allocated at the top. How could the state know what type of needs and wants its citizens have when they are sitting so far from the daily lives of their citizens? It was flawed from the start and was doomed to fail no matter how romanticized or passionate its adherents and followers were. Although there are some groups and few countries holding onto this notion of communism but they know that it is workable in the long run. Socialism is the mixture of some form of governmental control and private control but people confuse socialism with communism and sometimes they are used interchangeably. The last one is the Capitalism where the private enterprise is supreme and there is supposedly no interference from the government as the economic forces of demand and supply becomes the main idea behind the production of goods and services. Although the U.S. is the only country which practices almost near to this form of economic policy but it is far from implementing it thoroughly.