1. Social Welfare
Most modern socialists are willing to accept democratic political processes and constitutional guarantees. ... Capitalists put up investment money, bought machines, hired laborers obtained raw materials, recruited managers and often lost fortunes as they sought success. ... Industrialization, a process by which human beings create machines to automatically perform productive work, was and is the most far-reaching change in human history. ... For the parts of the world that experienced this transformation, nothing in society, politics or ideology, would ever be the same. ... The wealth and ...
- Word Count: 3108
- Approx Pages: 12
- Grade Level: Undergraduate