Capitalism and socialism are formal economies that differ based on the position of the government and equality of economics. Capitalism affords economic freedom, consumer choice, and economic progress.
The Problems With African And Arab Socialism
Pierre-Joseph Proudhon is remembered primarily as one of many early theorists of anarchism, a form of socialism that advocates the destruction of the state, which it sees as an inherently oppressive and unjust establishment. Proudhon proposed instead a society in which small, freely shaped associations of workers or farmers would change goods with one another on the basis of mutually passable contracts, independent of any involvement by the state. This precept of “mutualism” became an necessary current in later socialist thinking, representing one extreme amongst many views about the type of establishments that should own or management public property. The opposite excessive, the view that all property must be managed by the state on the … Read More