Capitalism and Socialism.

 The definition of capitalism is a money-based system where profit is more important than people and the definition of socialism is everything that is important to people should be all controlled by the people.   Nations with a good balance between the two economic systems seem to have worked best through the different crisis that come up occasionally, about every 20 years under capitalist systems.

The virtue of capitalism as proposed by its supporters is that it gives people incentive to invent new innovations but these innovations many times are beneficial only to a few and to the detriment of the many. I believe that there are people that would come up with innovations even without profit for the benefit on society it depends on their loyalty to their society.  

Everyone on earth is bias both genetically and environmentally or as they call it brainwashing. So, people believe in propaganda put out by one side or the other now this is probably true even of this writer, but these are facts to ponder.