Capitalism and Socialism

Roots: Capitalism is an ancient economic system whose origins are lost in the mists of history. It has proven to be robust and reliable in the face of war, famine, natural disasters, and pestilence. It has resisted attempts by tyrants and governments to eliminate it or at least modify it to suit their interests, and has proven itself resistant even to deliberate hostility.

Socialism, on the other hand is a relatively recent innovation. While a form of it existed almost two thousand years ago, at least in the form of sharing of resources, its ideological underpinnings are less than two hundred years old. A form of it was even tried by some of the first settlers in this land—the Pilgrims. The experiment then, as with every other occasion where Socialism has been attempted, was a dismal failure.