As philosophy, politics, and economics evolve, the debate between socialism and capitalism becomes increasingly important.

Socialism is an economic-political system in which the “good” of the collective is more important than the “good” of the individual. Socialists argue that this is the best way to organize society ...

A socialist system would not exist if it didn't exist. It is not possible to own property in socialism, whether it be corporate, corporate or state-owned. A socialist economy has no money due to the ...

Economic systems flourish with private incentives ... American youths are inclined towards socialism because they are ignorant of both the lamp of experience and human nature.

Now China has transformed its planned economy system into an initial socialist market economy system. As a result the regulatory function of the market has been strengthened tremendously.

The most devastating rebuttal of socialism–eclipsing all the evils and failures of the capitalist system–is that it just does not work; for which the prime evidence is the (alleged) dismal performance ...