Question

what you think is the best relationship/mix between capitalism and socialism. What parts of the economy are best left to free-market forces? What functions are better when regulated by or delivered by the government as a form of social welfare? Does the U.S. today have the right mix of the two? What would you change if you could. Please be sure to use specific examples of other health care systems in order to illustrate some differences between capitalist and socialist impulses. essay should be 300 words

Answer 1

In my opinion, there should be a proper mix of capitalism and socialism to achieve best market results with growth and proper distribution of income.

Market should be taking over for private goods and also for certain public goods. Government should limit to only a few sectors whereas private investments is not possible or may nor optimise resources.

Example- Education for a certain sector through scholarships, defence fully etc.

Many countries governments invest in sectors whereas private sectors could have been better Eg. Aviation, insurance, telecom etc.

When government makes sure that public goods are available either through direct and efficient allocation or through proper regulation on private sector, it is better. It achieves better results and ensures inclusive growth and development.

USA in my opnion has a right combination. However ,more focus can be given on merit goods like health and education sector to bring parity in private and public sector service provision as these sectors are rengines of sustainable development.