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Daily Archives: July 5, 2014

What Is Capitalism And Socialism?

05 Saturday Jul 2014

Posted by Tahereh Barati, PhD in Articles

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Whistling In The Wind

Even though we all live in a capitalist economy, few people seem to understand what this means. The word is thrown around in economic and political debates without much consistency. The situation is even worse for socialism which seems to be a label thrown onto random policies without any understanding. So to help clear up the confusion, I thought I would give a clear and simple explanation to what these words mean.

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