Economic systems are to some extent political in nature, but they also extend beyond politics. Each person is affected by the economic circumstances of the society in which he or she lives.
The great disputes in our time have been btn variour forms of state controlled economies such as communism and fascism contending with various forms of capitalism. These economic disputes bacame political, and the world wars resulted.
For the time being capitalism seems to have eclipsed state controlled economic systems, which have given way to the free market approach. Even china, the last strong hold of communism, has developed a free market system to an extent that chinese enterpreneurs now regularly do big business with other nations. Japan and Germany once auhoritarian have become major capitalist democracies
The question of wealth and power is now of universal interest. In our time a period of relative wealth we are still beset with poverty, a condition that even an era of prosperity and economic growth can not seem to aliviate.
And with the recent Global Finacial crisis which has exposed the venurability entrinsic in the capitalist system, i find my self wondering!! DOES CAPITALISM POINT TO THE BEST DIRECTION, Not only in our time but to that of our children and there childrens childrens?
The great disputes in our time have been btn variour forms of state controlled economies such as communism and fascism contending with various forms of capitalism. These economic disputes bacame political, and the world wars resulted.
For the time being capitalism seems to have eclipsed state controlled economic systems, which have given way to the free market approach. Even china, the last strong hold of communism, has developed a free market system to an extent that chinese enterpreneurs now regularly do big business with other nations. Japan and Germany once auhoritarian have become major capitalist democracies
The question of wealth and power is now of universal interest. In our time a period of relative wealth we are still beset with poverty, a condition that even an era of prosperity and economic growth can not seem to aliviate.
And with the recent Global Finacial crisis which has exposed the venurability entrinsic in the capitalist system, i find my self wondering!! DOES CAPITALISM POINT TO THE BEST DIRECTION, Not only in our time but to that of our children and there childrens childrens?
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