Capitalism and Socialism: Can they get along?

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Capitalism and Socialism : Can they get along

Introduction

The philosophical idea for socialism and capitalism has long been considered as an argumentative subject . As for the idea of capitalism the main emphasis revolves under the concept of free market and system under the concept of free privilege , equal opportunities for both consumer and producer , and the capacity to make a choice for a certain commodity . The philosophical foundation of capitalism lies evidently on the phase reinstating human beings as free

individuals in a free system of society . As supported by the idea of Shaw and Onkvisit and Shaw (2004 ) in their book , International Marketing : Analysis and Strategy capitalism is directed by the perspective of market-oriented system wherein the people are motivated by private benefits or gains in to surge the potential for producing goods and services that should meet the consumer 's demands (93 . On the other hand , the scope of socialism revolves under the resemblance of communism with marks of democratic society . The philosophy of socialism denies the idea of multi-faceted free society , but rather , socialism encourage the common ownership management , control and manipulation of every sectors that deem to be crucial and major to the survival of the country . As supported by the idea of Roberts (1994 , socialism has focused on creating the center point of market profit than encouraging the distribution of marketing sectors in the concept of private ownership (727 . Socialism , hence removes the concept of marketing competition and the idea of marketing differentiations

In the study , the focus lies in the debate between the ideas of capitalism and socialism . The discussion first analyzes the historical backgrounds of these two ideas in which the objective is to determine how the ideas aroused . Furthermore , the historical analysis of capitalism and socialism reviews significant events in to integrate the establishment of ideas to the justification of the advantages and disadvantages of their application . Next , the discussion moves in the analysis of the theorists and thinkers that revolutionized the development of the socialism and capitalism . The study determines their point of arguments and the proposed ideas that comprised the overall idea of capitalism and socialism . After which , the study takes into consideration the doctrines of capitalism and socialism under the statements of their philosophical promulgators . Lastly , the study compares the concept of socialism and capitalism in the emphasis of comparison and contrast

Discussion

Historical Background

Capitalism

The light of the idea in capitalism has only been exposed during the establishment of the renaissance era , particularly during the fifteenth and sixteenth centuries . From the historical point of view , Shaw in his book entitled , Business Ethics , published in 2005 , business exchanges in medieval Europe have been organized in the idea of guilds , associations or clan that binds the individuals in the line of their trades (116 The idea of mercantile capitalism first emerged under the principle of mutual dependence between state and commercial interests (117 According to the statements of Orser...