Throughout history there have been two basic forms of social organization: collectivism and individualism. The collectivism has taken many forms: socialism, welfare-statism and communism are its more notable variations. The only social system commensurate with individualism is laissez-faire capitalism. In the simplest terms, capitalism can be defined as the condition of possessing capital -- the original funds or principal of an individual, company, or corporation, which provide the basis for financial and economic operations. The …showed first 75 words of 480 total…

…showed last 75 words of 480 total…None of social systems have been perfectly success in a society. We have to concede that capitalism still has some problems. For example, a widening gap between rich and poor, a short-term outlook, speculative drones, and circulating economic decline. Some of these problems have been obvious for hundreds of years. I think the best solution so far is democratic government that alternates between capitalist and socialist, each acting as a check to the other's excesses.