Capitalism Will Always Win in the Field of Innovation

By Colton Pickard

8/15/2020

As a battle between the U.S. and China continues to heat up over the app TikTok, among other things, many young Americans worry that their favorite new social media app will be banned, and they’ll be forced to stick to Facebook, Twitter, or Instagram. The app is already banned in India, and the TikTok ban will go into effect in the United States on September 20, 2020. 1 There have been rumors that TikTok could sell to Microsoft, which would move the company out of China and out from under the Chinese Communist Party’s control and into America. This move could keep TikTok alive, but as of right now, The U.S. is planning to ban the app in the coming weeks.  


In socialist and communist countries, other businesses wouldn’t be able to compete with companies that are controlled by the state. Thanks to American capitalism, this allows American companies to create the next TikTok and offer young Americans a new app to cling on to without having to worry about an invasive government stealing user data. Instagram is a step ahead with “Insta Reels,” the new competitor to TikTok. Other American companies have produced similar apps like Byte, which was founded by the co-founder of Vine, a similar app to TikTok that is now defunct. 


Capitalism will always find different ways to create new and better things, no matter the industry. When the government doesn’t own an industry, businesses can improve their products to gain trust from the consumers and create something that people will want to buy. And now, capitalism is overall better for the environment than socialism. 2


Throughout the beginning of the COVID-19 pandemic, capitalism also helped Americans when there were shortages with toilet paper and other food and supplies. Some stores ran out of those goods fast, but the shelves were stocked full again within the next week. If one company couldn’t provide the products needed, then its competitors would. You wouldn’t see that in a socialist country. You might see the shelves empty, but you won’t see them stocked to the brim so quickly, or maybe even at all. 


Whether it’s creating new technology, cleaning up the environment, central air conditioning, or indoor plumbing, capitalism will always find a way to serve the public. At the same time, socialism will continue to fail when it comes to providing new products to better its consumers. State-run businesses don’t have their consumers as a priority, only what best interests the state. Businesses in a capitalist system care about what the consumers think so they can best serve the consumer while continuing to create new, innovative products to make people’s lives better. 


About Colton

Twitter: @coltondpickard

Instagram: @coltonpickard1776

Colton Pickard is a Journalism major with a focus in sports and politics at Middle Tennessee State University. Colton is involved with multiple political organizations on campus and is fighting for freedom and educating his peers on the real dangers of socialism.

#Socialism #America #Capitalism

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