As my old high school history teacher used to say reality is definitely not as simple as extremes. For the sake of the discussion, people have presented capitalism and socialism as polar opposites in reality. My responses were fashioned in that light, and I personally just looked at the competing theories and their merit philosophically. In reality no one country is truly capitalistic or socialistic; in fact, there are plenty of socialistic elements in America.
The balance has to do with the evolution of law and new social norms. The real difference between so called socialist countries and capitalist countries is not so great as some would have you believe. Whether it be conservatives trying to scare people or liberals trying to point out the greener grass on our neighbors lawn. What I mean by that is that if we take reality into account the only discussion that can be had is whether you want your country to be more socialistic or more capitalistic. My personal opinion on the matter is that I don’t mind the way America is right now. In this pragmatic perspective there would be no real loss of freedom due to implementing socialistic programs similar to some European countries since the differences between countries is minute anyway.
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