Wednesday, February 17, 2010

What's your RDS?

Today's MCAT topic was Kinetics and I learned how vital the rate determining step is in the progression of a chemical reaction. While studying how reactants advance the activation energy to enter the product state, I began pondering the difference between capitalism and socialism. Money, jobs, and economy are the limiting steps in today's economic society. Unemployment has reached an all time high in the United States and abroad. Upon hearing about Greece's economic collapse followed Portugal's and now possibly Spain's, I was relieved to know that it isn't just capitalism that is failing to deliver- it is also socialism. I truly believed that if implemented correctly, capitalism creates opportunities and delivers the American dream of going from rags to riches. Please excuse my ignorance as I was under the impression that just because these three countries were in Europe they were socialistic economies but according to the World Factbook published by the CIA, all these countries are moderate to fully capitalistic. My stance at this moment is wavering. Could capitalism be the RDS in the gain of economics?

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