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Capitalism is simply economic activity with NO influence from government (except contract enforcement, fraud and crime prosecution etc.). There are currently no economic systems on the planet where pure capitalism is practiced.
Socialism, however the dictionary-obsessed weenies define it, is economic activity with LOTS of government influence.
Capitalism is simply economic activity with NO influence from government (except contract enforcement, fraud and crime prosecution etc.). There are currently no economic systems on the planet where pure capitalism is practiced.
Socialism, however the dictionary-obsessed weenies define it, is economic activity with LOTS of government influence.
Thanks for the glossy generic descriptions, and you can have both because most countries are functioning with both now.
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