In contrast, a socialistic type of government is defined as " Any of various theories or systems of social organization in which the means of producing and distributing goods is owned collectively or by a centralized government that often plans and controls the economy" We have had the opportunity to witness, observe and analyze the consequences of socialism since its fall in 1989 during this generation. We have had a first hand opportunity to realize the ongoing failures of nations like Russia. ... Thus, personally I feel that a capitalistic society is a far better place to nurture, grow an...

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• Approx Pages: 1
• Grade Level: Undergraduate