Capitalistic governments have no control over any natural resources. All natural resources are controlled by the people. Prices of natural resources are driven up and down solely by the market, competition, and supply and demand.
In socialistic economies, government controls some natural resources they can control them by controlling price or the resource itself. One example of a socialist government controlling a natural resource is with a minimum wage. People and their skills are considered an essential natural resource, and when a government controls to a degree how much employers must pay for this natural resource, the government is showing socialistic qualities.
No comments:
Post a Comment