President Obama and a Socialist America Persuasive Essay by Nicky

President Obama and a Socialist America
A comparison and contrast of capitalism vs. socialism as it relates to the current American administration.
# 151561 | 3,096 words | 6 sources | APA | 2012 | US
Published on Jun 26, 2012 in Political Science (Political Theory) , Political Science (U.S.)


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Description:

This paper begins with definitions and an historic overview of the two economic and social systems, capitalism and socialism, and provides an analysis of the similarities and dissimilarities between the two systems. The paper explores these systems in American history and focuses on the current presidential administration's plans for the United States. The paper aims to show how Obama is trying to shove socialism down the American public's throat with his buy-outs of major economic sectors, including the auto and financial industry, and his plans of nationalized healthcare. This paper warns that if the American public is not careful, it may have another Hitler on its hands.

Outline:
Abstract
Capitalism Defined and Historical Overview
Socialism Defined and Historical Overview
Compare and Contrast of the Two Systems
A Contextual Discussion of the Differences Between Capitalism and Socialism: Historic American Policy versus the Current Administration
Conclusion

From the Paper:

"Capitalism, in its most simplest terms, "is a social system based on the principle of individual rights" ("The Capitalism site", 2004). Also known as 'free enterprise' or a 'free market economy', Capitalism is the dominant economic system in the Western world, since the dissolution of feudalism. Now, most means of production are privately owned enterprises. In addition, the operation of markets largely guides production and distribution of income ("Capitalism", 2009). Capitalism has a long history.
"Although the system of Capitalism has experienced continuous development since the 16th century, predecessors of Capitalistic institutions were present in the ancient world, there were even flourishing pockets of Capitalism present during the later European Middle Ages. However, it was the English cloth industry that would spearhead Capitalism's growth during the 16th, 17th and 18th centuries. Producing and selling or bartering goods was not a new concept, it was the development of using the excess production, above and beyond that needed for consumption, to enlarge the production capacity that differentiated this period of time for Capitalism. In the past, excess production went to funding 'economically unproductive enterprises', such as cathedrals and pyramids ("Capitalism", 2009). There were several historic events that facilitated this evolution."

Sample of Sources Used:

  • "Capitalism". (2009). In Encyclopaedia Britannica. Retrieved November 12, 2009, from Encyclopaedia Britannica Online: http://www.search.eb.com.ezproxy.apollolibrary.com/eb/article-9020150
  • Owram, K. (2 Jun 2009). "Government aid for GM 'regrettable but necessary'" Waterloo Region Record, Retrieved November 12, 2009, from Proquest database.
  • The Capitalism site. (2004). Retrieved November 12, 2009, from http://www.capitalism.org/.
  • The Declaration of Independence. (2009). Retrieved November 12, 2009, from http://www.ushistory.org/declaration/document/index.htm.
  • The difference between Socialism and Communism and the cognitive dissonance created by Lenin and Reagan. (Apr 2004). Retrieved November 12, 2009, from http://www.romm.org/soc_com.html.

Cite this Persuasive Essay:

APA Format

President Obama and a Socialist America (2012, June 26) Retrieved March 01, 2024, from https://www.academon.com/persuasive-essay/president-obama-and-a-socialist-america-151561/

MLA Format

"President Obama and a Socialist America" 26 June 2012. Web. 01 March. 2024. <https://www.academon.com/persuasive-essay/president-obama-and-a-socialist-america-151561/>

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