Name: Jessey Mae Gabriela G.

Ycasas

AB FOREIGN SERVICE

RM#302 MW 11:30-1:00PM

Capitalism is the Best!

In the debate that has done last meeting, I decided and agreed that Capitalism is really the best Economic System, because there are a limited number of resources in the world. Therefore, this system is needed that rations out these resources in a manner that benefits all the people. We all know that this system is based on private ownership in which activities are primarily determined by the function of a free market. This system really works well because of the way it deals with self-interest, distributes limited resources, grows standards of living, and provides incentives for excellence. I know theres no perfect economic system but it was closest to the perfect. We all know that we study because it was a stepping stone for our goals and to survive in this world, because as Individuals we are rewarded based on the amount of value we provide to the market and we learn here how to be competitive. It promotes growth among individuals and society as a whole. And theres so many benefits which these systems really make me believe that this is the best economic system. One of this is Freedom, The basic principle of this system is that the harder you work, the greater your reward which means each person has the rights to work and earn cash by your own private market you can do anything as you will. One of the greatest things about capitalism is that it works perfectly with democracy: everyone gets 1 vote and thus equal power politically, whatever their race, political views or gender. With capitalism, you are free to succeed or fail according to your efforts, abilities, and the conditions under which you are living. This can, of course, be a very harsh system, but it is also the system with the most opportunity. Capitalism is also the best in terms of advancing our society: technology, science, etc., in addition Capitalism is the only moral social system because it protects a man's primary means of survival and Happiness, I really believe this is the best Economic system in which an individual's rights to life, liberty, and property are protected by law.