Capitalism vs. Socialism: Comparing Economic Systems by Edward F. StuartEver since we produced our course Thinking About Capitalism, customers have expressed interest in a follow-up course that could help them understand socialism in the same way. After much consideration, we determined that it actually would be more beneficial to create a course that compares and contrasts the two major global economic theories, examining them in ways that move past the polemics many of us are used to and looking at these systems as they relate to one another and the world at large.
Politics and economics are inextricable, so it can be difficult to find the right person to tackle such a complex and often polarizing subject as objectively as possible. Luckily, we found Professor Edward Stuart, an economist and teacher who specializes in comparative economics. Professor Stuart brings not only economic expertise, but personal experience gleaned from teaching, traveling, and consulting all over the world, and it is this wide lens of experience that helps make Capitalism vs. Socialism such an engaging new entry in our library of courses.
Socialism vs Capitalism
A report on U. However, when asked to define the term, two out of three got it wrong. What do you know about socialism and capitalism? What is Socialism? What is Capitalism? Socialism vs. Commentaries Cartoons Quote.
For some, this is a time of unprecedented prosperity and growth. Yet the gap between haves and have-nots is widening. Capitalism and socialism came out of early industrial times in the s and s.
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Forbes Media Chairman Steve Forbes and Democratic Socialists of America member Nomiki Konst on how the federal government spent more money in the first seven months of than any other year in U. How wrong they are. Capitalism works. If you think socialism does too, take a look at North Korea, a socialist nation in which half the population lives in extreme poverty and as many as , people rot in political prisons. The morality and strength of capitalism or free enterprise, free markets, whatever term you choose for the U. People in a capitalist society are constantly trying to come up with ways to make everyone's lives better.