Capitalism vs. Socialism vs. Communism

https://www.rozen-bakher.com/forum/2021/07/06/economic-system

Published Date: 6 July 2021. Latest Update: 13 December 2021

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Global Risks by Dr. Ziva Rozen-Bakher

Global Risks Aims to Stimulate Thinking ‘Out of the Box’ about Ongoing Global Problems that Have No Clear Solutions.

Global Risks by Dr. Ziva Rozen-Bakher https://www.rozen-bakher.com/forum

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Dr. Ziva Rozen-Bakher

Researcher in International Relations with a Focus on Security, Political and Economic Risks for Foreign Direct Investment (FDI) and International Trade

CV

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Do we need a new economic system for the recreation of global prosperity?

We have today three main economic frameworks: Capitalism, Socialism and Communism, yet each of them has problems.

Capitalism – It seems perfect, yet the homelessness phenomenon in the USA may tell a different story about the success of this economic framework, or we should distinguish between Capitalism versus Pig-Capitalism. A healthy Capitalism is based on a Large Middle Class, while Pig-Capitalism is based on 'For the Few and not for the Many'.

Socialism – Socialism is based on ‘For the Many and not for the Few’, such as in Portugal. Still, It hinders the competitive advantages of the country due to the massive regulation.

Communism – Communism is based on ‘The Same for All’ without Political Rights, so no one in the Western world would like to live without political freedom, yet is it possible to feed 1.5 trillion people under the capitalist system? How many homeless people would be in China under capitalism?

Discussion on this Topic in the Research Literature

• Socialism Without Growth: Capitalism Nature Socialism: Vol 30, No 2 (tandfonline.com)

• Socialism, capitalism, or Chinism? | Communist and Post-Communist Studies | University of California Press (ucpress.edu)

• Markets in the Name of Socialism (degruyter.com)

• Socialism and the Market: Returning to the East European Debate: New Political Economy: Vol 0, No 0 (tandfonline.com)

• Debunking Utopia: Exposing the Myth of Nordic Socialism - Nima Sanandaji - Google Books

• Capitalism, Socialism and Ideology in China: An Alternative Historical Materialist Analysis | Science & Society (guilfordjournals.com)

• Communism or Neo-Feudalism?: New Political Science: Vol 42, No 1 (tandfonline.com)

• Between communism and capitalism: long-term inequality in Poland, 1892–2015 | SpringerLink

• Project MUSE - China: Totalitarianism's Long Shadow (jhu.edu)

• Does communist party membership bring a wage premium in China? a meta-analysis: Journal of Chinese Economic and Business Studies: Vol 19, No 1 (tandfonline.com)

• Kornai on the affinity of systems: Is China today an illiberal capitalist system or a communist dictatorship? | SpringerLink

• Compassionate revanchism: The blurry geography of homelessness in the USA - Brian Hennigan, Jessie Speer, 2019 (sagepub.com)

• Class Monopoly Rent, Property Relations, and Portland’s Homeless Crisis: Urban Geography: Vol 0, No 0 (tandfonline.com)

Latest News about this Topic

• Majority of young adults in US hold negative view of capitalism: poll (msn.com)

• Capitalism Makes Us Better Off in Wealth and Safety (dailysignal.com)

• Why Capitalism Sucks - CounterPunch.org

• ‘It’s about capitalism working for people’ (msnbc.com)

• Two Wrongs Won’t Right Woke Capitalism (msn.com)

• Biden Says Competition Order to Restore ‘Heart’ of Capitalism - Bloomberg

• Socialism, Capitalism, and Candidates: Updating Attitudes (forbes.com)

• Socialism is on the rise in the UK - we need radical free-market solutions to issues like the housing crisis to fight it (msn.com)

• Does Socialism Have a PR Problem? - CounterPunch.org

• The socialism versus capitalism debate needs more minority voices – Whittier Daily News

• Americans are soundly rejecting Biden's radical socialism - Washington Times

• Americans Are More Open to Socialism Than Ever (jacobinmag.com)

• Educator warns: Public schools teach our kids to embrace socialism — and it’s working | The College Fix

• Republican who called ‘cancel culture’ communism wants professor fired for teaching critical race theory (yahoo.com)

• Communism Is Greater Threat — The Patriot Post

• Nebraska Gov. Ricketts calls out China, warns leftists in declaring Victims of Communism Month (msn.com)

• Elayne Clift: It’s important to understand what socialism is — and is not - VTDigger

• Where Have All the Economists Gone? (Socialism) by John C. Goodman (townhall.com)

• 'Socialism' is often a handy term for propagandists | Opinion (palmbeachpost.com)

• 100 Years of Chinese Communism - WSJ

• The economic fundamentals of Chinese communism’s successes and failures (kathmandupost.com)

• China's Xi Jinping Tells Party Members Marxism, Socialism Should Be 'Life's Purposes' (msn.com)

• Why I like socialism? - CGTN