To overcome the problems of capitalism, socialism emerged. But the problem is that once an individual becomes rich he doesn't want to lose that advantage and uses money to protect his position resulting in corruption, crimes etc.
MOST OF the philosophers and the great Aristotle believed that happiness is the ultimate goal of any human being and human race as well. But how can one be happy, happiness is generally the fulfillment of needs. A person who is able to fulfill his needs may be considered happy. But needs differ from people to people, the safety needs of a prince may differ considerably to a plumber. He would have to spend more on his safety than his plumber counterpart. So, in order to be happy he needs to spend more than plumber and to spend he needs to earn more as well.
Now, it has become quite clear that in order to achieve happiness of human beings, we must give comparatively the same facilities to them but better than they have got already. In human beings, the facilities are divided among themselves as per their work. The basic idea is more you give to the society the more it will pay back. Unemployment in this sense may be understood when one is not able to give anything to the society and the society denies paying anything back as well. For the distribution of work we follow mainly two kinds of systems: capitalism and socialism.
In capitalism, the people get to work as they want; the better you serve the society, the more it pays back and give us facilities. But in reality, people have to work what is most profitable to them rather what they actually want to do and that leads to cut-throat competition and hatred in the society as the poor have to work much harder and gets almost nothing. Beside that, the children of rich people get undue advantages on the children of poor people.
To overcome the problems of capitalism, socialism emerged. But the problem is that once an individual becomes rich he doesn’t want to lose that advantage and uses money to protect his position resulting in corruption, crimes etc. Other problem with socialism is that it lacks motivation; one is not ready to make extra effort if he is being paid the same as others. Other reforms such as education to poor failed as well. Education can give employment but only when it is an advantage, if everyone is educated it is really of no use as such. It would even have bad effect as an educated person hesitates to do a work that an uneducated person does.
Solutions: There may be a lot of problems with capitalism but as it is said ‘survival of the fittest’, it may be considered the fittest system. But it has certain drawbacks that we need to tackle. People don’t really have any problem if they compete and fail when they are given the proper chance to win, that’s the basic problem with capitalism. One should be rich if he really deserves to be rich but that level of comfort should not be given to him by birth.
But the rich would never agree to let their kids get only those facilities that a poor kid gets. In this case equality of the society can be achieved if either rich get poor or if the poor get rich. Communism tries the first option, using lot of blood-shed but fails for the same reasons as socialism; my solution is the second option, let the poor get rich. To achieve this all we have to do is to decrease the number of poor and increase the number of rich. It is just about managing the population. If we could get the poor to produce less kids let’s say half than the current position, their kids will be getting double the resources, double the opportunity and better bargaining power. Same way if we could get the rich to produce more kids their resources will be divided as well leading to an equal society.