Supply and Demand and Epic Proportion

Topics: Supply and demand, Capitalism, Karl Marx Pages: 2 (555 words) Published: September 24, 2013
. No one can predict a natural disaster or world crisis. When a hurricane or flood or a pandemic strikes a country, who is most likely to respond first? Which economic system is the best solution to handling a crisis of epic proportion?

When there is a natural disaster or world crisis, the first to response are the local first responders. When the situation cannot be resolved by the first responders, then the neighboring counties helps with the situation by providing extra responders and supplies. When the situation continues to flamed, then the state becomes involved and administered as much supplies and aide to the people. Federal government becomes involved when the state cannot handle the situation and needs extra help. Neigboring countries also become involve and supply with aid. A Capitalistic system would be the best solution to handling a crisis of epic proportion. In a capitalistic system, the government is able to provide its citizen with mass resources and aid in a timely matter.

2. What advantages might a socialist system have in responding to the needs of people struck by an emergency situation like the earthquake that occurred in Haiti in January, 2010?

A socialist system is more likely to response immediatelI to emergency situation like the one that occurred in Haiti . In a socialist system, there is division of labor and quotas. No one waits for a leadership role to be held. Everyone is delegated a task and acts according. A socialist system is based on the good deed of the country and their efforts to help the region in need. Also , the government would be the one in distributing goods and services to  the people ensuring that everyone will be able to receive assistance. The government ensures that everyone is getting relieve. The only disadvantage is that a social system does not have the mass resources that a capitalistic or other systems may have. For example, Haiti has been able to distribute the work needed to rebuild...
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