Quote:
Originally Posted by vindicatedxjin
Well the majority of people would consider capitalism a good thing, especially those here in the US. Technically yes, there are pros....considering that the main reason why the standard of living in the US is better than in most countries is because of capitalism...since it gives everyone a chance to succeed financially...the harder you work, the better your reward, it also encourages competition. But the downside though...is it lets people get left behind to fall through the cracks of life without government assistance, it exploits the underpriviledged, and it promotes greed. Over all I don't really know where I stand on it all...I need to read into it more.
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Money doesn't necessarily make people work harder:
http://www.ted.com/talks/dan_pink_on_motivation.html
Also, I can name a number of Western European countries with quite a higher average standard of living than the US and are quite socialist.
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