CAPITALISM,SOCIALISM,SOCIAL DEMOCRACY What is the difference?

[Omar]

What is the difference b/w CAPITALISM,SOCIALISM and SOCIAL DEMOCRACY?
Which one does a developing country need?

[Trevcaru]

capitalism is government protecting the private business for them to make profit. socialism is where the government is powerful and they tell the corporations what to do, and people depend on them (the government is a corporation). Democracy is for people voting and deciding the laws of the country. If a country is trying to develop financially capitalism is ideal. sell all your resources for profit. dont regulate business by trying to protect the environment. but its not good for the earth generally, really a balance, i believe, is best. You cant really tell other people how to run their business i think, but to a certain extent you have to realize its impact on others, the earth and regulate ultra greedy rich ignorant people.... if you dont you end up with a situation like the current global economic crisis we are facing today.

[Michael K]

Capitalism is a free market economy. Meaning people are free to trade however they please. Which results in a class system, huge gaps between the rich and poor.

Socialism is the idea that one person cannot profit from the labor of others.Trade is controlled by the state, which removes the class system from society. Opposite to capitalism.

Social democracy is what's called "socialist revisionism", where it has revised the key principles of socialism and reworked them. Meaning a state is generally capitalist in nature but things like workers rights are in place. Good in theory, weak in practice

I personally would argue that socialism is best for developing countries, if you compare developing areas such as Asia and South America, socialist states such as Vietnam and Cuba are second world while it's capitalist neighbors are third world. Socialism's aim to empower an exploited people.

[j2442j]

Capitalism is deception about ownership of companies.

Get rich quick schemes in the capitalist business world, (buyouts, IPOs, conglomerates, acquisitions, mergers, and the stock market), do not actually work. Remaining solvent does not actually exist within false economics capitalism.

Profit existing in the capitalist business world, or millionaires existing within capitalism, is pathological deception committed by the 21 organizations spying on the population with plain clothes agents, (with covert fake names and fake backgrounds).

Actual economics is the persons that are paying the business loans of companies voting at work in order to control the property they are paying for.

Capitalism is the psychology of imaginary parents, false economics, and the criminal deception of employees that are paying the bills (including the stocks and bonds, or shares) of companies.