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Economics Explained on MSN9dOpinion
Extreme Capitalism vs Extreme Socialism – Which One Is Failing Faster?Are pure capitalism and true communism just extreme ideas that could never actually work? While many countries claim to ...
“Pure” capitalism promises something ruthless, but sticks to its own rules. Too bad it’s never been tried. Not even in the Wild West.
Important aspects of a capitalist system include private property, private control of the factors of production, accumulation of capital, and competition.
Their one solution, pure capitalism like all “isms,” works only in the minds of social scientists. Remaining oblivious contributes to all the dysfunctions.
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