1. Individualists Compared to Socialists
... human nature, and proactive government intervention. However, in defense of a free market economy, individualists contended that entrepreneurial entitlement to profit, self-interest, and limited government work to diminish social disparities highlighted by the socialists. One distinctly polarizing issue argued by socialists and defended by individualists is whether the entrepreneur is entitled to his profits. On one hand, socialism argues strongly that profit from production should not flow ... social order. Carnegie showed that, "private property was a natural element of social order, ...
- Word Count: 1068
- Approx Pages: 4
- Has Bibliography
- Grade Level: Graduate