Alternatives for Capitalism in a Globalised Economy

Alternatives for Capitalism in a Globalised EconomyEssential for planetaryized economy socialism or CapitalismIn this globalized economy now it is a big question for us that, what is the perfect economic system socialism or capitalist economy?By globalization we can understand cross boarder market place. There is an international exchange of labor forces, ideas, capitals, knowledge, products, and serve. Now we will focus on capitalism and communism and try to find out that in this globalized economy capitalism or communism, what is crush suited?Is collectivism applicable in globalized economy?Communism is a concept, in that ownership of land, capital and industry cannot be owned or controlled by the individual. How eer, under Communism the control of these things is not by a local community but by the State Government. to a lower place this system the government has total control of everything produced and control what is made, and who will receive the goods and gos produced. Under this system you are not allowed to own your own home, your own car, your own furniture, or even the regimen you eat. The State decides what you can use and where you will work. So, we count on it is an obstacle for global economy. Because if the country determine what will be produced, how will be produced and for whom will be produced, then developed countries whitethorn notbe interested to entrust in that country.At the same time Communism kills the will to work, competition, innovation and creativity, where these are the main characteristics of a worker in this modern globalized economy. Why make out to work? You wont make any more than money. Why spend time innovating new ideas, or being creative, there wont be anything in it for me. As a result they fail to provide goods and services for their citizens. The Soviet Eastern Communist countries of the 20th century were noted for not having much goods and services for their citizens. Yet, the ruling class always had ple nty of everything, and it was usually imported from capitalist countries. While we have rich people in America, we also have a large middle class that live comfortable lives. Even many if not most poor people in America have refrigerators, TVs, and food on the table.Since Communism controls all goods and services, the individual is at the total mercy of the State. You have no rights except those granted by the State. The old Soviet summation was a police state, with total control over its citizens.West Germany was full of cars on the Autobahns. The streets in East Germany were mostly empty, with an occasional person on bicycle, even in the middle of winter. Freedom of travel is restricted in a Communist State because they control who gets what and for how long. If you were lucky enough to get a car in East Germany, it was usually a worthless piece of junk.But, we may face a question that if communism creates hindrance to global economy, then how China runs its global economy as we know it is a communist country? Then our answer will beWhile Chinas government may be officially communist, the Chinese people express widespread support for capitalism. And since 2002, the Chinese have been one of the strongest proponents of capitalism, even more so than Americans and Western Europeans. During break down 30-35 years China has brought enormous changes to its economy. In the late 1970s, the government started opening the economy to foreign investment and privatization. With these changes came sky-high economic growth an average of 10% since 1980. And now about 76% people of China agree that most people are better off in a free market economy.Listverse showed 10 benefits of CapitalismHappinessIf you look at this happiness map published by scholars from the University of Leicester, you can clearly see that the foremost democratic, capitalist countries give care the USA, Canada, New Zealand and the whole of Europe are the happiest in the world. This is because in the se countries, thanks to the free-market, whatever products people want, they can get.ViableAlternativesPerhaps the strongest argument working in opt of democratic capitalism is that there is no alternative politico-economic system which has proved itself to work in our modern age. Almost every attempted implementation of communism has failed (China abandoned total communism long ago and are slowly creeping towards capitalism). America became socialist and imposed many strong measures on corporations to dictate their behavior, the largest companies (Trans-National Corporations) would most likely move their industry elsewhere, and potential entrepreneurs would be scared to invest in capital, irreparably damaging Americas economy. So as you can see, changing the economic system isnt even an option.GrowthCapitalism allows the economy to grow exponentially. It is a basic fact of economics that the more money a firm makes, the more it can invest in production, and the more it invests i n production, the more money it makes. So long as no unfortunate events befall the firm, this growth can, obviously, continue indefinitely. Many see a problem arising with this there are only a finite, or scarce substance of resources on Earth, so this huge growth of production will one day run to a halt.HealthThere is greater awareness than ever of the importance of fitness due to government campaigns. All of these contribute to an extremely fit society, and, in desperation, one can always resort to liposuction or well-nigh other sort of surgery.Social GoodIt might seem at first glance that everyone is selfishly working for their own money, but dig a little deeper and it becomes apparent that every job has a benefit for someone else. Factory workers produce the products that we cant live without hairdressers perform a service that benefits us body and soul and the police work to protect us and make sure we live in a lawful society. Even unpopular and overpaid professions such as city bankers and sportsmen have a positive effect on society, whether it be helping us manage our money, entertainment or something else. compareNo matter where you start in life, everyone has an opportunity to make it big. The basic principle is that the harder you work, the greater your reward.Human NatureBeing the BestFreedom construct on Democracy(Nunno, Jed Rachael, 2014)An authoritarian communist party controls Vietnam. Its true. But its founding ideology appears all but gone from the hearts of Vietnams people. Vietnam, in fact, may rattling be one of the most pro-capitalist countries on Earth. Almost all Vietnamese people 95% of them now support capitalism, according to the Pew Research Center, which polled some 45 nations late last year on economic issues.No other country in the poll cracked 90%. Even in the United States where socialist can be used as an insult only 70% agreed that a free market economy is the best kind of economy. (Winn, 2015)ReferencesNunno, Jed R achael, 2014. Listverse. Online Available at http//listverse.com/2010/12/24/top-10-greatest-benefits-of-capitalism/ Accessed 24 April 2015.Simmons, K., Spring, 2014. Global Attitude Survey, Washington, DC PEW Research Center.Winn, P., 2015. USA TODAY. Online Available at http//www.usatoday.com/ tommyrot/news/world/2015/03/13/vietnam-capitalism-global-post/70261770/ Accessed 24 April 2015.