Socialism is political..capitalism is financial...and to be honest whether you are socialist or Conservative..does not matter...they are just two sides or capitalism
Economics talks about both because it is simply the study of the economy in different societies--socialist or capitalist. However, the majority of it is indeed capitalism for obvious reasons if you are study in the states.
In most part of the country, economics talk about capitalism. There are only a few enfaces on socialism. We can say that it’s pretty much depends on the region where the discussion takes place.
But at the same time there is an interest attach to capitalism. And for that reason you are always going to have professors more willing to promote capitalism and almost never socialism. Eventhough by knowing it would have help the students understand capitalism better.
The above statement is back by this logic - you do not know your strength until you know your enemy's weaknesses.
If I live in France I must learn French to communicate. Likewise, if you live in a country that practice mostly capitalism you will be force to learn about capitalism. If you were to lean about socialism your study may not have serve you a great deal in the work place. whatever economic technic you learn from your socialism studies would have been against the economic policies of the corporation you work for.
by Scott S Bateman 3 years ago
Does capitalism encourage greed? Does socialism punish merit and efficiency? Or do both philosophies have good and bad aspects?
by James Smith 5 years ago
Hans-Hermann Hoppe in A Theory of Socialism and Capitalism essentially argues that there are in fact only 2 possible economic ideologies: Socialism and Capitalism, and variations of. You either believe there should be aggressive intervention in the economy or you do not.Since Republicans are...
by Charles James 7 years ago
As some fellow hubbers will know, I am involved in writing hubs for a Socialism 101 series.There are a few issues raised by the conservatives where I do not fully understand what they are saying. Before I address these in a hub or hubs I really would like clarity on what exactly the conservative...
by Sophia Angelique 7 years ago
sm.Socialism are services provided by the state, e.g. medicare, social security, unemployment benefits, disability benefits, etc. Socialism can also include things like subsidized transport, subsidized electricity, etc.Socialism is part of democracy and Canada, the US, the UK, all countries in...
by Peeples 4 years ago
What is the big deal about socialism?Can someone explain to me why Americans (USA) typically say "socialist" in a negative way. I've been doing some research and many of these "socialist" societies are quite happy AND well provided for. So what is the big deal? Why are so many...
by Peter Freeman 6 years ago
Recently there have been some long-tailed debates held in the comments section of certain Hubs. Particularly in the Hubs written by James Watkins and John Holden. I was wondering if it would be possible to have a reasonable debate here. Not that I'm hopeful but it's worth a try:Socialists hold that...
|HubPages Device ID|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Google Analytics|
|HubPages Traffic Pixel|
|Google Hosted Libraries|
|Google AdSense Host API|
|Conversion Tracking Pixels|
|Author Google Analytics|
|Amazon Tracking Pixel|