Contrast the functionalist and conflict perspectives on the distribution of power in the U.S. Which perspective more accurately describes the distribution of power in the U.S. today? Provide concrete examples to support your position. Discuss the three essential features of capitalism as well as the three essential features of socialism. Does a pure form of capitalism or socialism exist in the world today? Why or why not? How would convergence theory help us to understand the similarities that we see in the economic systems around the world? Lastly, describe the difference between welfare capitalism and social democracy. Contrast the functionalist and conflict perspectives on the distribution of power in the U.S. Which perspective more accurately describes the distribution of power in the U.S. today? Provide concrete examples to support your position. Discuss the three essential features of capitalism as well as the three essential features of socialism. Does a pure form of capitalism or socialism exist in the world today? Why or why not? How would convergence theory help us to understand the similarities that we see in the economic systems around the world? Lastly, describe the difference between welfare capitalism and social democracy