SOCIALISM AND CAPITALISM In the last century, socialism has been instituted in many countries such as, China, North Korea, the Soviet Union, Cuba, and many other Latin American, South American, and A
SOCIALISM AND CAPITALISM In the last century, socialism has been instituted in many countries such as, China, North Korea, the Soviet Union, Cuba, and many other Latin American, South American, and A
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SOCIALISM AND CAPITALISM
591 WD
In the last century, socialism has been instituted in many countries such as, China, North Korea, the Soviet Union, Cuba, and many other Latin American, South American, and African countries. Socialism has failed in every case to change human nature for the better. Although no single economic system is perfect, we can still choose one that is more compatible with our world today. The two most popular economic systems are; Capitalism and Socialism. Capitalism is an economic system in which all or most of the means of production and distribution are privately owned and operated for profit. Socialism is an economic system in which the ownership and operation of the means of production and