Posting by Cho Yunju (W4)

Intro

I was the first to know History of economy.
The fact that Columbus not only discovered the New World,
that have contributed to the global economy started is so wonder to me.
And, although the economy has a variety of systems, it is typically divided into two systems.

Capitalism, Socialism, My opnion and Question

Exactly it will be divided into capitalism and socialism.
Two systems are a oppositive composition.
Today's article says definition of capitalism, history of capitalism,

five component of capitalism and limitation of capitalism,
and definition of socialism, and example.
I was interested in capitalism and thought capitalism that is better than socialism.
Because I have seen North korea that have ruined.
But Today I read the article about capitalism, It seems not simply thinking.
I know that we struggle each other(competition), because of capitalism.
 I think that socialism is inefficient, it seems to assume a good human being.
Capitalism and Socialism are not only ending in economy, it also have an a lot of influence on the others, such as diplomacy, politics.
And I feel hard about the concept of GDP and Gini Coefficient.
But I was happy because I understand roughly about them.
Here I have a question.
 It will be how to for the sake of an ideal economy?


First Picture Source: By User:Wykis (자작) [Public domain], via Wikimedia Commons
Second Picture Source: By http://rksmb.org/ (http://rksmb.org/) [CC BY 4.0 (http://creativecommons.org/licenses/by/4.0)], via Wikimedia Commons