Socialism vs Capitalism Comparison and Contrast Essay

Topics: Karl Marx, Communism, Socialism Pages: 3 (874 words) Published: May 8, 2015
Socialism vs. Capitalism Comparison and Contrast Essay Outline Introduction
“Socialism never took root in America because the poor see themselves not as an exploited proletariat but as temporarily embarrassed millionaires,” pens Steinbeck. Thesis Statement: Socialism and Capitalism are basically antithetical schools of thought in economics and they represent three major differences in terms of their philosophy, social structure and economic basics. Body Paragraph 1 (Philosophy)

Topic Sentence: Both of the ideologies have their own conception of the world; while one of them seeks the profit of the individual, the other pursues profit for the whole society. Major 1: Capitalism

Minor 1.1: Private owners’ profit
Minor 1.2: Inequality between citizens
Major 2: Socialism
Minor 2.1: Equal wages and salaries
Minor 2.2. Benefit society as a whole
Concluding Sentence: The distinction between the philosophies of the both ideas turns out to be resulting in either equality or inequality, basically. Body Paragraph 2 (Social Structure)
Topic Sentence: Another vital distinction between the two is the representation of the social order which results in either a classless society or an undemocratic one. Major 1: Capitalism

Minor 1.1: Ruling Class
Minor 1.2: Working Class
Major 2: Socialism
Minor 2.1: Ownership of the means of production by everyone
Minor 2.2. Diminishing the class distinction
Concluding Sentence: The image of the social order of them are quiet apparent; choose the system of exploitation or share anything with fellows peacefully. Body Paragraph 3 (Economic Structure)
Topic Sentence: The other difference between the two systems derives from their economic structure which is related to employment and prices. Major 1: Capitalism
Minor 1.1: The state doesn’t directly provide jobs
Minor 1.2: Prices are determined by market forces
Major 2: Socialism
Minor 2.1: Employment is often directed by the state...
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