Right or Left

Las Vegas, Nevada, Nov. 19- Capitalism and socialism are opposing schools of thought in economics. Both capitalism and socialism have been studied extensively and each philosophy has a stronghold in different parts of the world. For example, America is a capitalist democracy. Our country is a republic. In the Pledge of Allegiance we all pledge allegiance to our Republic, not to democracy. USA/exception: if 100% of a jury convicts, then the individual loses sovereignty and is subject to group-think as in a democracy. A republic and a democracy are identical in every aspect except one. In a republic the sovereignty is in each individual person. In a democracy the sovereignty is in the group. In a pure democracy, 51% beats 49%. In other words, the minority has no rights. The minority only has those privileges granted by the dictatorship of the majority. Large parts of Scandinavia and Western Europe are socialist democracies. In philosophy Capitalism means: Capital (or the "means of production") is owned, operated, and traded for the purpose of generating profits for private owners or shareholders. Emphasis on individual profit rather than on workers or society as a whole. This means you earn from your own hard work. The philosophy of Socialism means: From each according to his ability, to each according to his contribution. Emphasis on profit being distributed among the society or workforce in addition to receiving a wage. This means if you do not work you still receive benefit from those working. Capitalism economic system is a Free- Market (An economic system built around the belief that supply and demand, competition, and a free play of market forces best serve the interests of society and the common good). Socialist Economic system is Wealth redistributed so that everyone in society is given somewhat equal shares of the benefits derived from labor, but people can earn more if they work harder. Means of production are controlled by the workers themselves. (An economic system based on state ownership of capital a non-market economy in which government intervention is important in allocating goods and resources and determining prices). Here is an example of our recent election and result: The people argue this Presidential issue back and forth. They argue the pros and cons of the candidates. This great debate is held at town hall meetings on television, and adds. Strong opinions are on both sides of the matter. One side preaches, "It is for the common good!" The other side rebuttals, "This is control and not freedom, and lost of choice!" Election Day occurs. The people go to the ballot box to settle the problem. The majority won by a vote of 51% whereas the minority lost with a vote of 49%. The minority is ignored. The majority celebrates while the minority jeers in disappointment. Since the majority won, the Re-election goes in effect. As a result of the majority winning, every individual must conform. For the reason that the majority has mandatory powers in a democracy. Those who wish to go against the collective (whole body politic) will be punished accordingly. The minority has neither voice nor rights to refuse to accept the dictatorial majority. Everything is mandatory in a democracy. This brings dictatorship and lividity to the country. Some not knowing the difference in economics of Capitalism and socialism or between a Republic and Democracy have aided the loss of individuals. I want the United State of America to always remain a Republic, and I value individual freedom and still “I pledge allegiance to the flag of the United States of America, and to the Republic for which it stands, one Nation under God, indivisible, with liberty and justice for all."