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The opportunities and innovations of capitalism in the US did not come without a cost. Religious and political thinkers alike turned to new solutions to alleviate the often horrible conditions many workers experienced, resulting in socialist projects that fell into two camps: utopian and scientific. Close with a look at the difficulties in running socialist systems in a largely market economy.
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Remember when "socialism" was a dirty word? Now students at America's elite universities are parroting socialist talking points and "sure-thing" Hillary Clinton is struggling to win the Democratic nomination against a 74-year-old avowed socialist who promises to make the nation more like Europe. What's happened? Do Americans need a reminder about the dangers of socialist ideology and practices? Thomas DiLorenzo, economics professor and senior fellow...
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"For those who witnessed the global collapse of socialism, its resurrection in the twenty-first century comes as a surprise, even a shock. How can socialism work now when it has never worked before? In this pathbreaking book, bestselling author Dinesh D'Souza argues that the socialism advanced today by the likes of Alexandria Ocasio-Cortez, Bernie Sanders, Ilhan Omar and Elizabeth Warren is very different from the socialism of Lenin, Mao and Castro....
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In the wake of economic and social turmoil in the 19th century, some European countries sought to reform the capitalist system and make it more sustainable. Examine the different motives behind the reforms, understand the differences between public and private goods, and compare and contrast the myriad ways economies can blend capitalism and socialism.
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Called "The Third Way" by some economists, the economic system of Sweden is perhaps the best example of a philosophy that falls between the extremes of free market capitalism and government-controlled socialism. Professor Stuart explains the many factors that have contributed to Sweden's relative economic success and what it can teach us about mixed economies.
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