If ideas must be developed, if competition is to be encouraged, then capitalism
should be encouraged.Merit is the way to develop a society competitively. If socialism
is implemented, a lot of talents would definitely die down knowing that you are not expected
or encouraged to solely depend on personal efforts to survive.Naturally, a lot of citizens
would rest on their oars.Hence, capitalism harnesses the talents in everyone and gives the
opportunity to appreciate your good efforts after all.
True. In a socialistic frame. No matter how hard you work, you will not get richer. No matter how talented you are you will not move foreward. No matter how lucky you are, you won't get ahead. So you will tend to be lazy like everyone else. Socialism is shared wealth, whereby everyone will pull in their funds and divide it equally. But what if i don't have funds to give? Socialism will work well if everybody actually works well for a single goal. We humans haven't worked for a single goal in our history.
yea the fact is, socialist make us to be just "ordinary people". and it will end young generation creativity, but for some people the walfare will be well distributed all over the class. or i can said that you work hard for the welfare of all citizen. for example china is very developed although he follows the socialist ideology. so it will depends on the citizen of that country itself