Is it better to have ambition, an incentive, no limitation, only sweet, just, satisfying freedom? Or would it be better to have absolutely no incentive, limitations at every corner, and a depleted ambition?

In this paper I will discuss the advantages and disadvantages and the moralistic aspect to capitalism and socialism.

In World War II capitalism was the way of society in West Germany and West Berlin. They both bathed in the benefits and success of this economic system. Socialism was implemented in East Germany and East Berlin at the same period of time. The outcome of the socialist theory was a disaster. It led the economy to become sluggish and deteriorated the society.

Capitalism is an economic system in which the means of production and distribution are privately owned and operated for private profit. This is also known as a free market or free enterprise. In this...