Is US really a capitalist country
By madugulagopi
@madugulagopi (1093)
India
September 6, 2009 9:39pm CST
I have a doubt and its not to offend anyone.I just want to get this clarified.
Is US really a capitalist country as many americans say it to be.I got this doubt because of this..
I heard that the definition of Capitalism is free trade without government regulations on business and without redistribution of private wealth.
And I heard that UnitedStates redistributes private wealth more than that of China.
Is it true?
Please clarify me....
2 responses
@TravellingHawaiian (30)
• United States
7 Sep 09
I think America as a whole hides under a cloak of Capitalism, but plays by its own rules. As a citizen, I have noticed that our government tells us "Do as we say, not as we do". With that said, we make rules, we break them, we formulate them to fit our need. But it may just be because we can, ranking as the world super power. I think with every nation out there, there is a fine grey line between definition and truth and each nation strays to the left and right of that line.
@madugulagopi (1093)
• India
7 Sep 09
Ya you are right we cannot expect any country or for that matter any person to stand on grounds of truth.If they stand they would be ideal persons and ideal country
@killersss (638)
• India
7 Sep 09
i think yes i have heard from somewhere that usa has a capitalist economy. yes you can do trading free without any restrictions and regulations. i studied this in economics as my subject :) capitalist economy and socialist economy :)
