Another issue that is usually argued is that capitalism puts the emphasis on greed, which is allegedly a bad thing. ... 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. ...

• Word Count: 216
• Approx Pages: 1
• Grade Level: Undergraduate