Capitalism & Socialism

The two economic theories of capitalism and socialism are often presented as conflicting and opposing theories, but this it not in fact the case. The two theories represent different ends of a spectrum of which all economic systems reside between. Given the economic climate and other factors including the development of the economic system there lies a different point in this spectrum which will be optimal at a given time. As economies mature, they will become more socialist at a certain scale while the capitalist end will continually be applied to drive innovation and progress at a greater scale. The rate of this growth is limited by societies' ability to mature the economic system so that socialist aspects of an economy cannot be abused and the capitalistic system is driven towards socially beneficial ends.