Kandase Week 1 Business Work 1 Essay Example | Topics and Well Written Essays - 250 words

Kandase Week 1 Business Work 1 - Essay Example A disadvantage of living in a capitalism society is that there is greater inequality of wealth in such a society. Jean-Paul is proud of living in Belgium which operates under socialism. In such an economy everyone contributes to the wealth being of the whole. The Belgium government has done a much better job than the United States of using the governmental resources in order to provide benefits for the people. The United States wastes billions of dollars each year to support the military instead of using that money to help the poor Americans in its territory. Belgium does not waste money on excessive military spending, instead the taxes people are charged are used for social causes. A con of living under socialism is that it is harder to accumulate wealth or become rich in this society. Overall the economy of Belgium has done a good job at generating resources for its people evidenced by its high gross domestic product per capita of $38,200 (Culturegrams,