Capitalism and Socialism

       Throughout this history unit we've explored several economic systems including both capitalism and socialism. Capitalism is the economic system in which there are unequal economic classes with private ownership of industry. Socialism, on the other hand, is a system by which the government has so troll over industries and aims for economic equality in terms of classes.
       In class this past week, we took part in an activity that demonstrated the flaws and positives in both of the previously mentioned economic systems. Each student was given a varying amount of of starburst candy at the beginning of class which was meant to represent everyone's individual wealth. Once everyone had been gifted their unique amount of starburst, we all played a game in which everyone had the opportunity to essentially gamble their candy in an effort to hopefully gain more "wealth". The game once essentially one round of rock-paper-scissors per person and we were given about twenty minutes for this portion of the activity. For the people initially gifted with a lot of starburst, the game I'm sure was quite fun since they had better odds and opportunities due to being apart of an upper class. But for the poor citizens, the game was short lived and some even resorted to vile deeds such as stealing. Once the twenty minutes had passed our administrator (who served as the government) collected the starburst and then proceeded to distribute an equal amount to eliminate all social classes. Then we played again, this time everyone had the same opportunities though. This shows the contrasting differences between socialism's flaws and capitalism's flaws.
       Two men during the time of the Industrial Revolution would both strive to help the poor through very dissimilar economic system approaches. A man by the last name of Marc would create the base or foundation for what would become socialism.it would benefit the poor because it would create a uniform middle class where citizens could help themselves through industries. Smith ,the other important figure, later created a system that entitled the government essentially power over all the industries. This form of government control would be dubbed the name "The Invisible Hand". This system would benefit the poor because it not only created a classless society but made it so that the hardworking citizens could still move up in the world.
       In my opinion, the best solution as far as an efficient economic system goes is a combination of both socialism and capitalism. Although this system may not be perfect, it would prove to be quite effective in that the hard-working can be awarded for their efforts and a uniform middle class is what everyone would be born into initially.