Blog #3

Our economy is a great way to satisfy everyone, but it creates competition to survive.  Some people such as the elderly or children cant survive on their own, there are also the people that just cant survive in the market economy.  To succeed you must be willing to work for it and sacrifice some time to do it.  This system has a lot of potential to succeed, but it fails when people aren't willing to work to survive.

A great advantage to this economic system is that everyone has a right to own something and contribute.  Our rights are very important to us as a nation and this allows us to be free. Compared to socialism, we can grow and expand way faster.  Socialism can be great to start out with, but eventually their will be a ton of people under the government and it could go bankrupt.

Overall, I believe that a market economy can be the best for a nation in the long run. It allows people to compete and grow as a business.  Production gets more advanced and people solve their own problems in the world.  We have a problem of using too much fossil fuels right now, but in the future we could be using a different source for energy.

I wonder how we're going to solve that problem as it gets closer and closer all the time.