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Socialism has a much higher level of government control and regulation than capitalism does.
Wiki User
∙ 8y ago
paulbenn
Socialism has no government, also no money or frontiers. Just people working together for the common good.
Mireille Rempel
paulbenn
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Is socialism working better than capitalism?
no, socialism isn't better than capitalism because capitalism has a free market and people get rich easily.
What countries have all communism capitalism and socialism?
Which countries that are under communism , socialism and capitalism
What types of economic systems exist throughout the world today?
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What does Bosnia practice communism socialism or capitalism?
Capitalism
A political ideology of a gradual transition from capitalism to socialism?
What political ideology of a gradual transition from a capitalism to socialism
IN WHAT do capitalism and socialism differ?
Capitalism allows for more freedom for businesses than socialism does
What would be considered a compromise between capitalism and socialism?
There can be no such compromise, as Socialism and capitalism are completely distinct systems. Socialism means a classless stateless society based on production for use, while capitalism has a class division and production for profit.
Do Romania use capitalism socialism communism?
Now Romania has an anarchic capitalism.
Is Portugal communism socialism or capitalism?
No. Communist don't have much power.
Does capitalism engage in centralized planning whereas socialism does not?
There are many types of capitalism and socialism. Types of capitalism which engage in central planning include state-capitalism, or corporate capitalism. Types of socialism which engage in central planning include communism, and state socialism. Types of capitalism which do not engage in central planning include laissez faire capitalism, american libertarianism, or anarcho-capitalism. Types of socialism which do not engage in central planning include mutualism, and libertarian socialism. Of course, all institutions involve some degree of central planning, ie a corporation, a collectively run factory, or a family.
Is freedom of choice capitalism or socialism?
Under capitalism, most people have little freedom of choice, as they have to work for an employer. Socialism will provide much more freedom, without the coercion of the wages system.
Is socialism a big mistake?
No, socialism is not a mistake. It is a post-capitalism or an alternative to capitalism that will emerge sooner or later when humanity moves beyond the need for a capitalist system.
