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What are some of the differences between capitalist and socialist views?
Wiki User
∙ 8y ago
Supporters of capitalism think a society of massive inequalities of wealth and power is defensible. Socialists reject capitalism and stand for a classless society based on production for use.
paulbenn
Capitalism is an economic system based on private ownership and free market competition, where individuals and companies own and control the means of production. Socialism, on the other hand, aims to distribute wealth more equally among society by advocating for government ownership and control of key industries. Capitalism promotes individual freedom and rewards based on merit, while socialism prioritizes collective well-being and social equality.
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∙ 8y agosome differences between capitalist and socialist
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He
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