Economic System Vs Canada

Improved Essays
Economic systems are the way in which mankind has arranged its material provisioning. Many would believe that there would be great variety corresponding with each countries own aspect of culture and quality of life. This can be shown through the two different outlooks of neighbouring countries Canada and America. Whilst Canada has been known for its mixed outlook that provides healthcare, education and social programs towards its estimated 37 million members, America is fixed within the stance of capitalism. The idea that one should strive for individualistic success. Upon this comparison, Canada takes the lead against America in the way of the economic systems. Just as Kahlil Gibran once said, “Generosity is giving more than you …show more content…
Men are free to cooperate or not, to deal with one another or not, as their own individual judgments, convictions and interests dictate. Was once spoken by Ayn Rand. The idea of the quote corresponds to the way in which America views its position through the economic system. Ideally focussing on the means of having little or no government involvement accompanied by a trace amount of social programs. Through this stance of American politics, they only contain two major parties; Reigning party the Republicans and the other side of the spectrum, The Democrats. Within America at this particular time, the Republicans are the result of current shift right along the spectrum. This creates the unobservable market force that helps the demand and supply of goods in a free market to reach equilibrium automatically. With the democratic constant drive pushing for more social programs that encourage government involvement, it is clear that the involvement of opposing party will still take into account the current social programs. As for the healthcare, America by no means has a uniform or universal healthcare program. As found in 2014, 48 percent of U.S. health care spending came from private funds, with 28 percent coming from households and 20 percent coming from private businesses. The federal government accounted for 28 percent of spending while state and local governments accounted for 17 percent. Most health …show more content…
With the saying of Current American president Donald Trump “I have a lot of money - much more money than all of them put together,and all of their phoney contributions put together- but you have to understand I want to be me“ explains the view of capitalists like himself, believing that the sole purpose within a life, an economy, and a country is too find profit and fend to provide for oneself. This was once represented through the devastation of 9/11, the terrorist attack. Whilst many were in pain and desperation, the former president George Bush called for members of the terror to go shopping. "Get down to Disney World in Florida," "Take your families and enjoy life, the way we want it to be enjoyed." It reflects how the American president confides more in economic growth than the mental state of its country. However, with President Trudeau during the terrorist attack of Edmonton, he was quick to comfort the community stating “The Government of Canada and Canadians stand with the people of Edmonton after the terrorist attack on Saturday that … injured a number of innocent people who were out to cheer on their football team …” "Our thoughts are with those injured, their family and friends, and all those affected by this senseless act of violence. I am also grateful for the first responders who were

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