Capitalism and Socialism are both types of systems in different societies throughout the world that have been successful at times, but also not so fortunate in it's success at other times throughout history. When discussing Capitalism and Socialism we are asked if we desire a moral or immoral system, if we"d rather have our own freedom or a tyranny, and if we"d prefer prosperity or poverty!?! What would you choose? .
One distinct system of economic organizations that exists is Capitalism. Capitalism is a social system based on the recognition of individual rights, including property rights, in which all property is privately owned. Capitalism is based on the right to property. Property is acquired through trade, which is a trade in values. Those who believe in this system believe in the theory " if you do something good for me, I will do something good for you." Capitalism is the only system that doesn't deprive the individual of his rights. The right to life, liberty and the pursuit of happiness, are all fulfilled in Capitalism. People are free from the use unearned force by the government, free to acquire and keep property, and live in an ethical way. Capitalism allows progress through the value of work. Productiveness is the virtue of creating material values, and in a free market, such a virtue is a necessity to trade. Capitalism is fine in many aspects of society, especially when we are interested in wants as opposed to needs. If one were interested in luxuries Capitalism would be an excellent choice. .
The other distinct system of economical organization is Socialism. Socialism is a system, which is defined by governmental ownership and property, Socialism is against all basic rights: by using unearned force on its citizens, it removes from them the right to property. By using force and forbidding them to use this property, it therefore also affects the right to liberty.