Looking at the predicament with competition, from most of my experiences at this stage of life for me, competition has done great things in terms of making products cheaper for me. For example, the computer hardware business, I built a computer one year ago using an Intel Pentium II 300mhz processor. I paid $520 for the motherboard and processor. Since AMD (a competitor of Intel) came out with the AMD K-6-2 processor, Intel’s prices have dropped considerably. As a matter

I was thinking about the statement “the rich get richer and the poor get poorer” and also about capitalism creating economic classes among society. Again, I’m not a economics major, so the next few statements are going to be based on my assumption that - the difference between say, a doctors salary and a janitors salary in a capitalist economy would be much more significant than in a socialist economy. With that being said, I think that a capitalist economy can promote much more motivation for self improvement and fulfillment than a socialist economy can provide. Lets say you went to college for four, six, or even eight years to be a business executive. And the guy pushing the mail cart who, perhaps, dropped out of school in the 11th grade, was pulling in about the same amount as you are, now what’s that going to do for your motivation or dignity for that matter? Why bother going through all that work and mental stress when we can be lackadaisical and unproductive but still receive the same opportunities and benefits as the

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Approximate Word count = 713
Approximate Pages = 3 (250 words per page double spaced)