How does socialism and industrial capitalism differ?

Socialism is basically the moderate wing of communism, where some privately owned entities of the economy are seized by the state, but not all of these things are taken by the government. The pros of socialism are free public services. Most of these services are things that would benefit the people the most, therefore eliminating the failures that Communism would install. Industrial Capitalism is an industrial form of the free market, free economic government of Capitalism. In this way, you can see how they differ. Moderate, Socialist countries often maintain a stable economy, but it isn't often based on a certain means of production, such as that of industrial Capitalism, where industrial means of production is the main method of keeping the economy of the country steady.  

1) checks and balances- this idea is implemented in the constitution to ensure that no one branch of the federal government gains too much power. for example, the legislative branch(congress) can approve a bill that will then be sent to the executive branch (president). if the president does not like the bill or thinks that it violates the rights of citizens, he/she can veto the bill. vetoing the bill stops the bill from becoming a law. this check on power ensures that congress makes laws that do not violate the rights of citizens.

2) anti-federalists do not want to ratify the constitution unless it includes a bill of rights. the anti-federalists are worried that the constitution gives too much power to the federal government. having a strong central government caused problems when the us was still part of great britain. this is why the anti-federalists are fearful of this type of system.

3) federalists want a new constitution passed because it will fix america's weak political structure. before the us constitution is implemented, the constitution being used is known as the articles of confederation. this constitution has an extremely weak central government, allowing for disunity among the states.

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