Comparative Economic Systems

Paper Summary:

This paper reviews, discusses and compares the two main economic systems existing in the world today, capitalism and communism. The paper discusses the USA as an example of the capitalist system and China as an example of the communist system.

Outline:
Capitalistic: US Economy
Communist : Chinese Economy
Conclusion

From the Paper:

"Also there are more corporate crimes in the US economy these days and are growing with time as these corporate become more powerful and integrated in the political system (Saugstad, 2001). In times of economic crises corporate crimes are committed in order to escape government regulations, taxes, to push out the competitors and to take charge of markets, to get hold of low cost, quicker labor, and to get the right to use raw materials. Also there is more embezzlement in this economy as managers and professionals try to find their way towards achieving middle class status and to maintain it in the face of such problems like divorce, competition, economic slumps and other fiscal problems which includes a status dread which builds up before the retirement period, since in a capitalist scheme, everyone has to look after their own future."

Sample of Sources Used:

• Economy of the People's Republic of China. Retrieved May 23rd, 2006, from Wikipedia, the free encyclopediaWeb site : http://en.wikipedia.org/wiki/Economy_of_the_People%27s_Republic_of_China
• Saugstad, S. (2001). The Moral Psychology of Capitalism. Retrieved May 23rd, 2006, from GO insideWeb site: http://goinside.com/01/4/capital.html
• Klesney, J. (2000). Fostering Openness and Enterprise in China. Retrieved May 23rd, 2006, from Acton Institute for the study of Religion and LibertyWeb site: http://www.graphcomp.com/home/bfree/opinions/economy.html

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