Pure capitalism can be seen in the US. Businesses are run using capital. Those with the capital have a better edge in running the market. Capital investments, shares, labor, and industries are capital based. The economy gets interconnected with capital. Thus, this makes the US a good capitalist model. However, in this design improvements and profits are not equalized but heavily competed.

On the other hand in socialism, industries are all nationalized or operated by the government. The concern of this economic system is to equally divide the wealth among the people. Everything is centered on the government to control.

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2 years ago

Those in favor of annexing the Philippines argued that:

Shalnov [3]

Answer:

All of the above are correct.

Explanation:

During the period the US had occupied the Philippines after acquiring them from Spain during the Mexican-American war, many think-tanks in newspapers thought about the subject. Some debaters believed that it would be a good naval base and a strategic location to counter Japanese interest in the Asia-Pacific region. Others believed that Filipinos were uncapable of rule. and others believed that it would be a good area for Asian goods.

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2 years ago