Capitalist and Socialist Policy - Essay Example

Capitalism refers to an economic system where a person or a group of persons own and manage monetary resources. Capitalism advocates for the belief that competition brings out the best in an individual. Socialism is when the government and the public manage and share the wealth and resources of the state equally. The government economy can be termed as more capitalist as there is no equity of resources and wealth among the public. The resources, although owned by the public, are controlled by a committee of politicians.

These politicians determine the resources’ distribution and usage. The government economy is also socialist. It endeavors to promote equality among the public by providing them with standardized social benefits like education and health care. In both systems, the public does not have equal access to wealth and resources. It is easy to call a policy capitalist or socialist but harder to justify why because capitalism is the opposite of socialism. A policy like wealth cannot be multiplied by dividing it since it is hard to justify it as capitalist or socialist.

Mandatory health care coverage is capitalism. Capitalism’s core reason is more money and high profits. It pays its workers according to productivity and requires undisrupted operations, thus health assurance will be necessary. The video is emphasizing the importance of having personal values as a leader. The values govern how people act and are the foundations of how they should behave. They give people guidelines and direct behaviors. The action does not represent what is termed as values. Values in general are fences that should surround the judgment that we make.